'Money no object' if faster, better wells the result

摘要

"MONEY IS NO OBJECT" -for technology to deliver wells efficiently, say operators hungry for practical, groundbreaking tools for well construction. "If it's something that will deliver wells and deliver them fast, (funding and development) will happen," declared an operator to whom, clearly, new and effective technology is near and dear to the heart. Field trials for new tools have been a struggle to achieve, service firms say. But with today's pressure to produce, word is that some operators will lend wells for testing new equipment. "If you want to try something in a few wells, come on," said Morris Keene, director-drilling engineering for Occidental Oil & Gas Central Drilling Group (Oxy), and Chairman of the Drilling Engineering Association (DEA). The caveat is that Oxy must be assured that whatever goes beneath the rotary table "has a high probability of coming back whole."