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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.


Offshore Pioneers: Brown & Root and the History of Offshore Oil and Gas

Offshore Pioneers: Brown & Root and the History of Offshore Oil and Gas
Author: Joseph A. Pratt
Publisher: Elsevier
Total Pages: 322
Release: 1997-11-03
Genre: Technology & Engineering
ISBN: 0080513026

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Fifty years ago, in November 1947, Brown & Root helped Kerr-McGee build the first out-of-sight-land offshore platform that produced oil. The date is widely celebrated as the birth of the modern offshore industry. In the years since this historic occasion, Brown & Root has continued to pioneer in the design and construction of offshore pipelines and platforms. Along with the rest of the offshore industry, the company has helped develop technology capable of finding and producing oil in deepwater and in harsh environments around the world.This history puts a human face on the process of technological change. Using the words of many of those who took part in Brown & Root's offshore activities, this book recounts their efforts to find practical ways to recover offshore oil. Building on lessons learned in the Gulf of Mexico before and after World War II, the company's personnel adapted offshore technologies to conditions encountered in Venezuela, the Middle East, Alaska, and other regions before becoming one of the first engineering and construction companies to confront the challenge of North Sea development in the 1960's.Through times of boom and bust in the oil industry, the search for effective technology had continued. The process has not always been smooth, but the results have been impressive. As we enter a new and exciting era in offshore technology, the history of the first fifty years of the industry provides a useful context for understanding current and future events.


Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling: Report to the President, January 2011

Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling: Report to the President, January 2011
Author: National Commission on the BP Deepwater Horizon Oil Spill and Offshore Dril
Publisher: Government Printing Office
Total Pages: 400
Release: 2011-05-24
Genre: Technology & Engineering
ISBN: 9780160873720

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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 nearly 5 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.


Pioneering Offshore

Pioneering Offshore
Author: F. Jay Schempf
Publisher: Pennwell Publishing Company
Total Pages: 264
Release: 2007
Genre: Technology & Engineering
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.


The Offshore Imperative

The Offshore Imperative
Author: Tyler Priest
Publisher: Texas A&M University Press
Total Pages: 337
Release: 2009-10-12
Genre: Business & Economics
ISBN: 1603441565

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After World War II, the discovery and production of onshore oil in the United States faced decline. As a result, offshore prospects in the Gulf of Mexico took on new strategic value. Shell Oil Company pioneered many of the early moves offshore and continues to lead the way into “deepwater.” Tyler Priest’s study is the first time the modern history of Shell Oil has been told in any detail. Drawing on interviews with Shell retirees and many other sources, Priest relates how the imagination, talent, and hard work of personnel at all levels shaped the evolution of the company. The narrative also covers important aspects of Shell Oil’s corporate evolution, but the company’s pioneering steps into the deepwater fields of the Gulf of Mexico are its signature achievement. Priest’s study demonstrates that engineers did not suddenly create methods for finding and producing oil and gas from astounding water depths. Rather, they built on a half-century of accumulated knowledge and improvements to technical systems. Shell Oil’s story is unique, but it also illuminates the modern history of the petroleum industry. As Priest demonstrates, this company’s experiences offer a starting point for examining the understudied topics of strategic decision-making, scientific research, management of technology, and corporate organization and culture within modern oil companies, as well as how these activities applied to offshore development. “. . . tells a dramatic story of imaginative businessmen and engineers who propelled Shell forward in the search for ways to locate and recover oil from the depths of the sea.”—Southwestern Historical Quarterly “This book’s narrative is sustained throughout by easily understood explanations of the technical details of drilling and production.”—Journal of Southern History


Our Horizon

Our Horizon
Author: Mark Henderson
Publisher:
Total Pages: 202
Release: 2017-08-07
Genre:
ISBN: 9781522027232

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9:56 PM CDT, April 20th, 2010. 4.9 million barrels' worth of oil begins to spew into the Gulf of Mexico as the Deepwater Horizon drilling rig, stationed on the Macondo Project, violently erupts. This is a first-hand story of Deepwater Horizon and its crew, told by a former member.For many, Deepwater Horizon oil spill was a terrible environmental catastrophe. It was deemed a result of irresponsible behavior and failed safety systems that wreaked havoc on the local ecosystem while shattering British Petroleum's reputation.A media circus soon followed as shocking images were beamed to television sets around the world, accompanied by opinionated and conjecturing "talking heads" and an eponymous Hollywood movie.At the heart of this story lies the crew who suffered the full brunt of the disaster. Of the 126 crew on board at the time of the explosion, 11 lost their lives. 8 of them were author Greg Williams' friends, a part of the "rig family".For years, they have suffered the opprobrium of public opinion and its notions of what happened, a silent reflection on mainstream news today. These brave and industrious people have dismissed the "distorted fabrications" of Hollywood, and this is their story.During the 1990s and 2000s, oil and gas exploration in the Gulf of Mexico was pushing the limits of the possible and accepting all challenges to further explore and discover; the Deepwater Horizon was one of these crews.Williams worked at the coalface, as a floor hand then on to a driller. In Our Horizon, he brings the rig to life, sharing its stories. From the mundanity of day-to-day life including the highs and lows, he charts the life of offshore drilling and the pain and heartache endured by survivors through first-hand accounts of the fateful night itself and the devastating aftermath in raw human terms.Our Horizon also explores the historical perspective, charting the rig's discoveries and records over the course of a decade from its construction in the Korean port city of Ulsan. Williams examines the economics of the industry, Deepwater Horizon's incredible discoveries, and the steely determination of crew to achieve the impossible while pushing technology to its limits. All the while, this pioneering progress was pushed by powerful global organizations overseeing operations, putting a multi-faceted dynamic at the heart of the infamous explosion. This is not just a history: this is their story--the story of heroes.