Surface BOP technology steps into deeper water with DP vessels

In mid-2003, Shell drilled ultradeepwater Well 1-SHEL-14-RJS in Brazil, proving out an emerging drilling technology and breaking several drilling industry records. This event opens a new era in the industry, wherein deepwater wells can be drilled successfully in an efficient and cost-effective manner.Operators in most deepwater provinces can significantly reduce drilling costs and enhance the economics of their deepwater portfolios where drilling costs have, until now, accounted for almost half the cost of field development.Although surface BOP equipment has been utilized previously, those instances were under relatively benign metocean conditions, primarily in the Far East, and only from...

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