and the rig wasn't attacked by a horde of angry baboons Maybe...

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luciano

636 Posts.

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30/12/22

11:12

Post #: 65479272
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Originally posted by Kiwigeo8339: ↑

For Luciano:

"The reality for this drill, and this is a clue that my gut feeling gave me while ago, is that current drilling company and its equipment are crap, nobody can't deny this. Everything that could break down, did break down.."

Hi Luciano,

First of all we need to separate out the drilling company (Exalo) who own and operate the rig from the various service providers who supply services like wireline, LWD and mudlogging. Comments:

1. Exalo had a few equipment issues but total NPT allocatable to the drilling contractor for this well would be way below average for a well of this length and level of complexity.
2. LWD - a few tool failures but about average from my experience.
3. Wireline - well below standard with multiple tool failures.
4. Mudlogging - gas system failure during early part of the well. Unfortunately given the status of Mudlogging and considering what they pay their people this is about average. Over the years Mudlogging has gone from being a stand alone service to an add on service to more lucrative other services. Quality of service has gone down over the years although occasionally you get a good crew with guys and girls who really put out despite their dismal working conditions and third world day rates.
5. Not everything that could break down has broken down. We didn't get a drill string stuck or lost in the hole, we didn't have a major well control incident and we haven't had any fatalities or serious injuries....and the rig wasn't attacked by a horde of angry baboons :)

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and the rig wasn't attacked by a horde of angry baboons

Maybe the drill didn't. But this board did for sure....lol
Thanks for reply.

IVZ Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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