Vancouver BC, 22-Aug-07
The current shortage of deepwater rigs is putting pressure on oil companies to sign expensive contracts with drilling companies, and to reduce other drilling costs as much as possible, according to several media reports. The recently announced merger of Transocean Inc. and GlobalSantaFe Corp. will create the world's largest offshore oil and gas drilling company, with several new rigs under construction, but the global rig shortage will persist for some time yet.
As the need to increase production and reservoir recovery becomes even greater over time, maximizing rig utilization will be crucial to meeting targets. Using sophisticated rig scheduling software, to improve decision-making about drilling schedules, can play a role in mitigating the impact of the current rig shortage.
“Having the right equipment in the right place at the right time, and handling regular operational updates, is key to addressing the challenge of too few rigs,” said Morten Irgens, Actenum CTO. “Using schedule optimization software, like Actenum Rig Activity Scheduler, to make better decisions about how to use your expensive assets, will result in significant improvements in production volumes, and overall asset management.”