Modular Accommodation Units
Wednesday, September 28, 2011
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Thursday, September 22, 2011
Wednesday, September 21, 2011
Modular Platform Workover Rig- Worldoils Oil, gas and offshore equipment marketplace
Diesel-electric Workover Platform Rig Module - Used
Specifications
Workover depth : 13,000 ft (dual, 3 - 1/2", 13.3 ppf drill pipe)
Workover depth : 13,000 ft (dual, 3 - 1/2", 13.3 ppf drill pipe)
Hook load capacity : 350,000 lbs (158.78 mt)
Drawwork powers : 800 hp
Top drive system : tesco 250 t, 400 hp
Derrick clear height : 110 ft
Drilling line diameter : 1 - 1/8 inch
Travelling system : web wilson 250 t
Mud pumps : two 600 hp gardner denver, compact 600
Mud pumps max wp : 5,000 psi
Capping beams spacing : 30 ft
Well covering area : 30 ft to 65 ft
Rig max total weight : 1,873,910 lbs (850 mt)
Sunday, September 18, 2011
Analysis: For oil explorers, it pays to buy, not rent
This is am extract from http://www.reuters.com/article/2011/09/16/us-oilexplorers-idUSTRE78F3AA20110916
(Reuters) - U.S. oil and natural gas producers are buying onshore drilling rigs and related equipment to keep their costs in check, rather than rent from oilfield services providers who have bumped up prices amid strong demand for work in shale fields.
With a 15-20 percent increase in the cost of land-based drilling, North America had the highest cost escalation in the past 12 months, said Pritesh Patel, a director at IHS Capital Costs Analysis Forum.
For nearly two decades up to 2008, exploration and production costs rose exponentially. That increase slowed in 2009 in the recession, but costs have risen again since.
While rig prices and production costs have followed a similar trajectory, the rise in rig prices has been far less marked. A rig today costs about as much as it did in 2008, according to Brian Uhlmer of Global Hunter Securities.
The rise in onshore exploration costs has been inflated by higher daily rates charged for scarce rigs, and the costs of fracking -- a controversial process in which water, sand and chemicals are blasted into shale wells. This has hit margins and budgets at oil companies.
Oasis Petroleum (OAS.N), Pioneer Natural Resources (PXD.N), Clayton Williams (CWEI.O) and Magnum Hunter Resources (MHR.N) have already bought rigs and other equipment as they look to trim costs and control their drilling activity.
Oasis Petroleum, which used to spend 30-40 percent of its entire well cost on pressure pumping, now has an in-house pressure pumping business in the pipeline.
"The broader overall economics of this decision are quite compelling ... Oasis can save $800,000-$1 million per well, gross," CEO Tommy Nusz said on a conference call last month.
Oasis spokesman Richard Robuck said the company will spend $24 million this year on pressure pumping equipment and expects to have a 1-year pay-back.
Companies such as EOG Resources (EOG.N) and Range Resources (RRC.N) would also be better off buying their own rigs, analysts said, as they were adequately funded and have drilling potential for the next few years.
"Cost is a key consideration, but also just access (to equipment) ..." said Global Hunter Securities analyst Dan Morrison.
Chesapeake Energy (CHK.N), the second-largest U.S. natural gas producer, which in April agreed to buy rig owner Bronco Drilling BRNC.O, has said it wants to bring more of its services in-house.
Typically a company can re-coup the $20 million or so cost of a rig within two years, analysts say.
"Buying versus renting, that's what it boils down to. If you have the money to buy, it will be cheaper than renting," said FBR Capital Markets analyst Rehan Rashid.
IHS's Patel said day rates for a land rig typically range from $28,000-$35,000, depending on specification. A basic rig of 1,500-1,700 horse-power costs $14-$15 million, with extra fittings adding another $5-$7 million.
BIG AND BOLD
"If you're large enough to keep a rig running for several years, the theory is that you will save costs by running your own rig versus paying the day rate to a rig company," said Neal Dingmann, an analyst at Suntrust Robinson Humphrey said.
Pioneer, which will own 14 drilling rigs by the year-end, expects total annualized savings of around $460 million, spokeswoman Susan Spratlen wrote in response to an e-mail inquiry for this article.
Spratlen also said Pioneer plans to add another 50,000 hydraulic horsepower of fracking equipment next year, and will look at expanding further if market rates remain high.
"A lot of the specialist services are limited in supply, and demand is increasing exponentially, so you're going to see increases in the cost of services," Patel said.
Midland, Texas-based Clayton Williams, which owns and operates 12 drilling rigs, said it is constructing two more which are expected to be operational during the third quarter.
"Owning our own rigs helps control our cost structure and provides us flexibility to take advantage of drilling opportunities on a timely basis," the company said.
Magnum Hunter, valued at a little below $600 million, is looking to buy two new drilling rigs.
IF OIL DIPS?
Companies expect higher drilling activities even if oil prices drop from current levels, and analysts said most will continue buying rigs and equipment as long as oil trades above $70 per barrel.
"The rig market is extremely tight, tighter than people realize," said Dingmann at Suntrust Robinson Humphrey.
Ben Palmer, Chief Financial Officer at RPC Inc (RES.N), predicts the oilfield services market will remain tight over several quarters.
Owning rigs could also help oil and gas producers generate additional revenue.
"As E&P companies get a rig fleet ... and they don't need the equipment, they can certainly sub-contract, and create some side revenue," said Raymond James analyst Andrew Coleman.
(Reporting by Swetha Gopinath and Vaishnavi Bala in Bangalore, Editing by Ian Geoghegan)
(Reuters) - U.S. oil and natural gas producers are buying onshore drilling rigs and related equipment to keep their costs in check, rather than rent from oilfield services providers who have bumped up prices amid strong demand for work in shale fields.
With a 15-20 percent increase in the cost of land-based drilling, North America had the highest cost escalation in the past 12 months, said Pritesh Patel, a director at IHS Capital Costs Analysis Forum.
For nearly two decades up to 2008, exploration and production costs rose exponentially. That increase slowed in 2009 in the recession, but costs have risen again since.
While rig prices and production costs have followed a similar trajectory, the rise in rig prices has been far less marked. A rig today costs about as much as it did in 2008, according to Brian Uhlmer of Global Hunter Securities.
The rise in onshore exploration costs has been inflated by higher daily rates charged for scarce rigs, and the costs of fracking -- a controversial process in which water, sand and chemicals are blasted into shale wells. This has hit margins and budgets at oil companies.
Oasis Petroleum (OAS.N), Pioneer Natural Resources (PXD.N), Clayton Williams (CWEI.O) and Magnum Hunter Resources (MHR.N) have already bought rigs and other equipment as they look to trim costs and control their drilling activity.
Oasis Petroleum, which used to spend 30-40 percent of its entire well cost on pressure pumping, now has an in-house pressure pumping business in the pipeline.
"The broader overall economics of this decision are quite compelling ... Oasis can save $800,000-$1 million per well, gross," CEO Tommy Nusz said on a conference call last month.
Oasis spokesman Richard Robuck said the company will spend $24 million this year on pressure pumping equipment and expects to have a 1-year pay-back.
Companies such as EOG Resources (EOG.N) and Range Resources (RRC.N) would also be better off buying their own rigs, analysts said, as they were adequately funded and have drilling potential for the next few years.
"Cost is a key consideration, but also just access (to equipment) ..." said Global Hunter Securities analyst Dan Morrison.
Chesapeake Energy (CHK.N), the second-largest U.S. natural gas producer, which in April agreed to buy rig owner Bronco Drilling BRNC.O, has said it wants to bring more of its services in-house.
Typically a company can re-coup the $20 million or so cost of a rig within two years, analysts say.
"Buying versus renting, that's what it boils down to. If you have the money to buy, it will be cheaper than renting," said FBR Capital Markets analyst Rehan Rashid.
IHS's Patel said day rates for a land rig typically range from $28,000-$35,000, depending on specification. A basic rig of 1,500-1,700 horse-power costs $14-$15 million, with extra fittings adding another $5-$7 million.
BIG AND BOLD
"If you're large enough to keep a rig running for several years, the theory is that you will save costs by running your own rig versus paying the day rate to a rig company," said Neal Dingmann, an analyst at Suntrust Robinson Humphrey said.
Pioneer, which will own 14 drilling rigs by the year-end, expects total annualized savings of around $460 million, spokeswoman Susan Spratlen wrote in response to an e-mail inquiry for this article.
Spratlen also said Pioneer plans to add another 50,000 hydraulic horsepower of fracking equipment next year, and will look at expanding further if market rates remain high.
"A lot of the specialist services are limited in supply, and demand is increasing exponentially, so you're going to see increases in the cost of services," Patel said.
Midland, Texas-based Clayton Williams, which owns and operates 12 drilling rigs, said it is constructing two more which are expected to be operational during the third quarter.
"Owning our own rigs helps control our cost structure and provides us flexibility to take advantage of drilling opportunities on a timely basis," the company said.
Magnum Hunter, valued at a little below $600 million, is looking to buy two new drilling rigs.
IF OIL DIPS?
Companies expect higher drilling activities even if oil prices drop from current levels, and analysts said most will continue buying rigs and equipment as long as oil trades above $70 per barrel.
"The rig market is extremely tight, tighter than people realize," said Dingmann at Suntrust Robinson Humphrey.
Ben Palmer, Chief Financial Officer at RPC Inc (RES.N), predicts the oilfield services market will remain tight over several quarters.
Owning rigs could also help oil and gas producers generate additional revenue.
"As E&P companies get a rig fleet ... and they don't need the equipment, they can certainly sub-contract, and create some side revenue," said Raymond James analyst Andrew Coleman.
(Reporting by Swetha Gopinath and Vaishnavi Bala in Bangalore, Editing by Ian Geoghegan)
Saturday, September 17, 2011
Platform Rig Modular - Used
Used Modular Platform Rig
Platform Modular rig Used
Main rig technical specifications :-
Workover depth : 13,000 ft (dual, 3 - 1/2", 13.3 ppf drill pipe)
Hook load capacity : 400,000 lbs (181.46 mt)
Drawwork powers : 800 hp
Derrick clear height : 100 ft
Drilling line diameter : 1 - 1/8 inch
Traveling system : 551,150 lbs (250 mt) sky top brewster
Mud pumps : one national 8P-80 & one ideco T500
Mud pumps max wp : 5,000 psi
Capping beams spacing : 45 ft to 55 ft 1/4 inch
Rig max total weght : 1,354,748 lbs (614.51 mt)
Platform Modular rig Used
Main rig technical specifications :-
Workover depth : 13,000 ft (dual, 3 - 1/2", 13.3 ppf drill pipe)
Hook load capacity : 400,000 lbs (181.46 mt)
Drawwork powers : 800 hp
Derrick clear height : 100 ft
Drilling line diameter : 1 - 1/8 inch
Traveling system : 551,150 lbs (250 mt) sky top brewster
Mud pumps : one national 8P-80 & one ideco T500
Mud pumps max wp : 5,000 psi
Capping beams spacing : 45 ft to 55 ft 1/4 inch
Rig max total weght : 1,354,748 lbs (614.51 mt)
Sunday, September 11, 2011
Tuesday, September 6, 2011
Monday, September 5, 2011
OIl & Gas Directory
World Oil & Gas Directory
Worldwide Oil, Gas, Offshore & Marine Equipment, Suppliers and Services Directory
AHTS For sale
AHTS For Sale Only some data is shown here. For more info Click Here
PRINCIPAL PARTICULARS :
Length Overall : 59.25 m
Length Waterline : 56.00 m
Breadth Moulded : 14.95 m
Depth Moulded : 6.10 m
Draft (max) : 4.95 m
Built : China
GRT / NRT : 1500 / TBA
Class : American Bureau of Shipping
Notation : A1E, Offshore Support Vessel, Fire Fighting, Class 1 + AMS + DPS1
Flag : (Port of Registry) Singapore
Call Sign : TBA
PERFORMANCE :
Maximum Speed : 13 knots
Economial Speed : 10 knots
Type of Fuel : Marine Gas Oil
Fuel Consumption : 19 m3/24 hours @ 100% MCR ; 12 m3/24 hours @ 85% MCR
Bollard Pull : 65 mton
CARGO CAPACITIES :
Deadweight : 1400 mt
Deck Cargo : 500 mt
Deck Strength : 7.5 mt/m2 uniform loading
Clear Deck Area : 350 m2
Fuel Oil : 600 m3
Fresh Water : 500 m3
Ballast/Drill Water : 400 m3
Liquid Mud : 350 m3
Cement Tank 1 : 87 m3 (4 x 1650 ft3); Unislip
Freezer / Chiller : 10 m3 / 10 m3
Foam / Detergent : 12 m3 / 12 m3
Rig Chain Locker : Nil
PRINCIPAL PARTICULARS :
Length Overall : 59.25 m
Length Waterline : 56.00 m
Breadth Moulded : 14.95 m
Depth Moulded : 6.10 m
Draft (max) : 4.95 m
Built : China
GRT / NRT : 1500 / TBA
Class : American Bureau of Shipping
Notation : A1E, Offshore Support Vessel, Fire Fighting, Class 1 + AMS + DPS1
Flag : (Port of Registry) Singapore
Call Sign : TBA
PERFORMANCE :
Maximum Speed : 13 knots
Economial Speed : 10 knots
Type of Fuel : Marine Gas Oil
Fuel Consumption : 19 m3/24 hours @ 100% MCR ; 12 m3/24 hours @ 85% MCR
Bollard Pull : 65 mton
CARGO CAPACITIES :
Deadweight : 1400 mt
Deck Cargo : 500 mt
Deck Strength : 7.5 mt/m2 uniform loading
Clear Deck Area : 350 m2
Fuel Oil : 600 m3
Fresh Water : 500 m3
Ballast/Drill Water : 400 m3
Liquid Mud : 350 m3
Cement Tank 1 : 87 m3 (4 x 1650 ft3); Unislip
Freezer / Chiller : 10 m3 / 10 m3
Foam / Detergent : 12 m3 / 12 m3
Rig Chain Locker : Nil
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