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The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico

The Offshore Drilling Industry and Rig Construction in the Gulf of Mexico
Author: Mark J Kaiser
Publisher: Springer Science & Business Media
Total Pages: 259
Release: 2013-08-23
Genre: Business & Economics
ISBN: 1447151526

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Jackups, semisubmersibles and drillships are the marine vessels used to drill offshore wells and are referred to collectively as mobile offshore drilling units (MODUs). MODUs are supplied through newbuild construction and operate throughout the world in highly competitive regional markets. The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico examines the global MODU service and construction industry and describes the economic impacts of rig construction in the United States. The industrial organization and major players in the contract drilling and construction markets are described and categorized. Dayrates in the contract drilling market are evaluated and hypotheses regarding dayrate factors are tested. Models of contractor decision-making are developed, including a net-present value model of newbuilding investment and stacking decisions, and market capitalization models are derived. Jackup construction shipyards and processes are reviewed along with estimates of labor, equipment, and material cost in U.S. construction. Derivation of newbuild and replacement cost functions completes the treatise. The comprehensive and authoritative coverage of The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico makes it an ideal reference for engineers, industry professionals, policy analysts, government regulators, academics and other readers wanting to learn more about this important and fascinating industry.


Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico

Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico
Author: U. S. Department U.S. Department of the Interior
Publisher: CreateSpace
Total Pages: 400
Release: 2015-01-02
Genre:
ISBN: 9781505813678

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Mobile offshore drilling units (MODUs) are a critical element of the offshore oil and gas industry. Drilling rig markets have a large geographic expanse and are economically important with large labor impacts. The purpose of this report is to describe the MODU industry and the economic impacts of rig construction in the U.S. We emphasize dayrates in the service market and capital expenditures in the newbuild market because these are primary metrics and basic indicators of the industry. The industrial organization and major players in the contract drilling market are described and business strategies among contractors illustrated. Dayrates in the contract drilling market are analyzed and hypotheses regarding dayrate factors are tested. The major shipyards in the newbuild market are described along with the geographic distribution of construction and the status of the market circa 2011. A brief description of the processes of jackup rig construction is provided, including design tradeoffs and the drilling equipment installed. The construction costs of jackup rigs in the U.S. are analyzed and the labor, equipment, and material cost components are estimated. Factors that influence capital costs are discussed and the newbuild and replacement costs of jackups, semisubmersibles, and drillships are analyzed.


Macondo Well Deepwater Horizon Blowout

Macondo Well Deepwater Horizon Blowout
Author: National Research Council
Publisher: National Academies Press
Total Pages: 236
Release: 2012-03-02
Genre: Science
ISBN: 0309221412

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The blowout of the Macondo well on April 20, 2010, led to enormous consequences for the individuals involved in the drilling operations, and for their families. Eleven workers on the Deepwater Horizon drilling rig lost their lives and 16 others were seriously injured. There were also enormous consequences for the companies involved in the drilling operations, to the Gulf of Mexico environment, and to the economy of the region and beyond. The flow continued for nearly 3 months before the well could be completely killed, during which time, nearly 5 million barrels of oil spilled into the gulf. Macondo Well-Deepwater Horizon Blowout examines the causes of the blowout and provides a series of recommendations, for both the oil and gas industry and government regulators, intended to reduce the likelihood and impact of any future losses of well control during offshore drilling. According to this report, companies involved in offshore drilling should take a "system safety" approach to anticipating and managing possible dangers at every level of operation-from ensuring the integrity of wells to designing blowout preventers that function under all foreseeable conditions-in order to reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill. In addition, an enhanced regulatory approach should combine strong industry safety goals with mandatory oversight at critical points during drilling operations. Macondo Well-Deepwater Horizon Blowout discusses ultimate responsibility and accountability for well integrity and safety of offshore equipment, formal system safety education and training of personnel engaged in offshore drilling, and guidelines that should be established so that well designs incorporate protection against the various credible risks associated with the drilling and abandonment process. This book will be of interest to professionals in the oil and gas industry, government decision makers, environmental advocacy groups, and others who seek an understanding of the processes involved in order to ensure safety in undertakings of this nature.


Pioneering Offshore

Pioneering Offshore
Author: F. Jay Schempf
Publisher: Pennwell Publishing Company
Total Pages: 264
Release: 2007
Genre: Offshore oil industry
ISBN:

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Covers over-water petroleum development from its beginnings in the late 19th century through the mid-1960s. This book includes stories from this time period obtained from interviews of more than 125 industry pioneers, providing a historical context for their contributions in the industry's advancement and in the development of its technologies.


Deep Water

Deep Water
Author: United States. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
Publisher:
Total Pages: 80
Release: 2011
Genre: BP Deepwater Horizon Explosion and Oil Spill, 2010
ISBN:

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Synopsis: On April 20, 2010, the Macondo well blew out, costing the lives of 11 men, and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled over 4 million barrels of crude oil into the Gulf of Mexico. The spill disrupted an entire region's economy, damaged fisheries and critical habitats, and brought vividly to light the risks of deepwater drilling for oil and gas-the latest frontier in the national energy supply. Soon after, President Barack Obama appointed a seven-member Commission to investigate the disaster, analyze its causes and effects, and recommend the actions necessary to minimize such risks in the future. The Commission's report offers the American public and policymakers alike the fullest account available of what happened in the Gulf and why, and proposes actions-changes in company behavior, reform of government oversight, and investments in research and technology-required as industry moves forward to meet the nation's energy needs. Complementary reports, staff background papers, hearing records, and other materials produced by the Commission are available at www.oilspillcommission.gov.


Offshore Technology

Offshore Technology
Author: United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Oceanography, Gulf of Mexico, and the Outer Continental Shelf
Publisher:
Total Pages: 162
Release: 1994
Genre: Business & Economics
ISBN:

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Offshore Oil and Gas Operations Site Clearance and Rig Disposal

Offshore Oil and Gas Operations Site Clearance and Rig Disposal
Author: United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Oceanography, Gulf of Mexico, and the Outer Continental Shelf
Publisher:
Total Pages: 208
Release: 1993
Genre: Nature
ISBN:

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Deepwater Horizon Oil Spill

Deepwater Horizon Oil Spill
Author: Curry L. Hagerty
Publisher: DIANE Publishing
Total Pages: 51
Release: 2010-10
Genre: Technology & Engineering
ISBN: 1437934730

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On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico (GoM). This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the GoM region by the federal and state governments as well as BP. Contents of this report: (1) Intro.; (2) Setting in the GoM: Oil and Gas Recovery; Weather and Ocean Currents; Biological Resources; (3) Offshore Oil and Gas Drilling Technology; (4) Fed. Statutory Framework; (5) Fed. Regulatory Framework; (6) Environmental and Economic Impacts; (7) Labor Issues; (8) Reorganization of Minerals Mgmt. Service; (9) FEMA Issues; Exxon Valdez; Recent Regional Disaster History; (10) Conclusion. Charts and tables.