2012 drilling programme - update, page-2

morning

In connection with the drill of SOA2 and our new build rig for the Roosevelt Program re:(Bakken Petroleum system), thought it worthwhile posting the folowing article offering a good overview of where drill rig industry is heading.

Of note top drive rigs and state-of-the-art new bulids no doubt beneficial to our program of works going forward.

Two hightlighted extracts below, entire article via link.

GLTA
R

Sunday April 22 2012
American Oil & Gas Reporter
Unconventional Plays Transforming Scope, Shape Of U.S. Land Rig Fleet
By Bob Williams

1. FORT WORTH–The unconventional resource boom that has revolutionized the oil and gas industry also is transforming the U.S. onshore drilling rig fleet.

From new-build rigs with top drives and the raw horsepower needed to drill long-lateral horizontal wells to state-of-the-art mobile rigs purpose-engineered to navigate difficult terrain to get to location, giant strides in drilling capabilities are molding the iron that makes it all possible.

2. ....one fundamental change is already apparent: The type of drilling rig that long dominated the nation’s land rig fleet is relinquishing its role. Bigger-horsepower, higher-tech rig designs are the new order of the day. These are the types of rigs favored by the horizontal unconventional drilling business model, which will increasingly come to define hydrocarbon exploration and development in general.

http://www.aogr.com/index.php/magazine/cover-story/unconventional-plays-transforming-scope-shape-of-u.s.-land-rig-fleet