"QA checks non-existent, equipment damage during transport etc. Scott mentioned one of the tools had been in a box since 2015 and hadn’t been tested or checked before arriving onsite. "
Surely a case for hiring a third party QA/QC person for next well(s).
Equipment damage during transport....technically that's usually beyond the control of the service company. Again another reason to use a QA/QC person.
"First time around then went in significantly overbalanced which led to a number of issues. This time around they will tweak the mud design to suit the appropriate conditions, although I don’t believe they will utilise synthetic based mud (SBM)."
He's saying mud weight was the reason for differential sticking AND the mechanical hole deterioration? I hope he's right. I would like to hear details of what they think the mechanism behind the hole deterioration is.
IVZ Price at posting:
12.8¢ Sentiment: Buy Disclosure: Held
