Drillers, operators share outlooks at IADC annual meeting

Nina M. RachDrilling is on the rise worldwide as the market facilitates implementation of new technologies. The 2004 International Association of Drilling Contractors annual meeting, Sept. 22-24, New Orleans, featured outlook sessions from drillers and operators; discussions of managed pressure drilling, deepwater, and deep gas drilling; and results of the annual ReedHycalog rig census (OGJ, Oct. 25, 2004, p. 49).The drillers' outlook session included presentations from Nabors Industries Inc. and GlobalSantaFe Corp. According to Dennis Smith, director of corporate development for Nabors, the rig supply is increasing, and the short-term outlook is that rig demand will increase due to r...

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