Power Hour | The State of Offshore Drilling After the Downturn
Offshore drilling learned to run lean through the downturn, and a lot of what got cut never came back. Now the work is picking up again, and the crews, rigs, and vessels it depends on are stretched thin.
In this Power Hour, we sit down with Justin Forrest, a performance toolpusher working a drillship offshore Egypt, to talk about the state of offshore drilling from the rig floor up. We get into the boom-and-bust cycle that keeps crews guessing, why a gas-rich market like Australia keeps stalling on new drilling, and the decommissioning bills operators would rather push down the road.
We'll cover:
How the feast-or-famine cycle in markets like Australia wears down the offshore workforce
Drilling formations with razor-thin margins, and when textbook well control stops being enough
Who should own decommissioning, and what it means for vessel and equipment demand
Keeping up with new rig tech like MPD and red zone systems while staying competent
Available on Collide Thursday, November 5 at 10 am ct.