Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Technology, environment drive service/ supply's future during weak 2002


    Loren Carroll, M-I L.L.C. and PESA

    As we enter 2002, the service and supply sector is at a crossroads. All indicators point to a depressed operating climate next year, with weakened prices, reduced drilling, and supplies of oil and gas outstripping demand. Accordingly, as with all down cycles, hard decisions appear to be on the horizon. Today, service companies must sometimes make the tough adjustments necessary to cope in a down market. But they must not lose sight of the subsequent upturn and continue to invest in technologies necessary to capitalize on future opportunities. In its 2002 Drilling and Production Outlook released in September, Spears and Associates forecasts declines ranging from 21% to 40% within the service / supply market. The biggest drops are expected to hit such areas as tubulars, cement, logging and rig equipment, among others.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS