The sudden drop in oil prices coupled with the Covid-19 pandemic has curtailed many offshore and onshore drilling projects in 2020. Recent reports however indicate that drilling activity is set to grow in 2021. Rystad Energy has predicted that the total worth of final investment decisions (FIDs) will double next year and exceed pre-pandemic levels from 2022. Total global oil and gas project spending is expected to bounce back to around $100 billion in 2021, spelling a boom for the industry.
Wells are becoming longer and more extensive to drill, making it harder than ever to reach target depth in a well that can have torque and drag issues. This, coupled with the rise in global deepwater activity, has seen Extended-Reach Drilling (ERD) become the preferred method to maximise reservoirs in a single wellbore.
In this whitepaper, we explore;
- How ERD has evolved rapidly in recent decades to reach reserves further and faster
- The ever-growing challenges associated with ERD
- The technology breakthroughs that continue to expand the possibilities on drilling projects at a time where finding oil is anything but “easy”
- The key considerations that drilling teams must have in mind to turn trouble into triumph
Interested in transforming your ERD campaign?
DOWNLOAD THE WHITEPAPER TODAY AND UNLOCK NEW INSIGHTS
To find out how Deep Casing Tools’ suite of innovative downhole tools can support your drilling campaign get in touch:
Tel: +44 (0)1224 572070
Email: sales@deepcasingtools.com
This first appeared in the August/September issue of Offshore Magazine.
