Consolidation, changing core competencies alter offshore drilling responsibilities

As the first century of the new millennium gathers steam, the 40-year old offshore drilling industry is set to change forever, a product of redefined core competencies, alterations in the service-supply chain, and consolidation.As a result, oil and gas companies will look to the offshore drilling contractors for help in providing what can no longer be considered a core competency. Instead, these oil companies will focus more on their true competency, telling others where to construct a well.The futureEngineering, design, drilling, and completion activities, in addition to bring the well on stream, will increasingly become the responsibility of the offshore drilling contractors, and while ...

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