Schlumberger

Industry Article: Geosteering Advances Put Wells in the Right Spot

Drilling Contractor
Publication: Drilling Contractor
Publication Date: 01/01/2010

Here is the good news: 2010 is shaping up to be better than 2009. Here is the bad news: It will still be a tough year.

Jackup and land rig utilization numbers are coming off bottom but still relatively weak. The deepwater market, which has largely remained immune thus far, is starting to feel pressure from extra capacity as newbuilds are delivered. Even already-contracted units can be problematic if subletting from operator to operator becomes a trend.




Related services and products