Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
“Follow the money” is a good rule to understand complicated financial activities. In the oil and gas industry, you can gauge trends by following the newbuilds. Since 2009, many newbuilds in floating structures—drillships, spars and FPSOs—have headed to either the ultra-deepwater Lower Tertiary plays in the Gulf of Mexico or deepwater fields in Brazil. As the focus in these areas is on the long-term results, ultra-deepwater operators and their drilling contractors and EPC partners did not slow down to catch their breath during the oil price dip and have been introducing newbuilds at a rapid pace. The design criteria for the floating structures are to provide stability in 10,000 ft of water, and for modular offshore drilling units (MODUs) to be able to drill to 40,000 ft, typically with sixth-generation drilling units. Mooring advances are keeping pace with lighter polyester ropes and more efficient deployment methods.
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.
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:
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.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Houston, TX - November 4-5
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.