Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
A year ago, nearly everyone working in the U.S. Gulf of Mexico (GOM) – from drilling contractors to supply vessel operators servicing the rigs and other service companies – was optimistic that 2001 would become the boom year they were waiting and hoping for. After all, natural gas prices were on their way to nearly $10/Mcf, and oil was approaching $30/bbl. Independent and major operators were drilling like there was no tomorrow. Offshore rig dayrates were high and getting higher. That is, until the beginning of summer.
Development activity was strong in 2001, particularly as regards the number of subsea completions, which was nearly double the number of subsea completions in 2000. The number of subsea wells is forecast to be even higher this year, as well as in 2003. As many as four deepwater floating production systems are scheduled for installation during 2002. Additionally, up to 41 subsea completions could be installed in the U.S. Gulf, and possibly more.
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.
Bucharest - April 28-30
Houston, TX - May 5-8
Savannah, GA - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.