Precision Drilling renews $40 million contract with Petroleum Development Oman
Precision Drilling Corporation has won a four-year contract extension worth up to $40 million to provide underbalanced drilling (UBD) technology and services for Petroleum Development Oman (PDO), a joint venture with Shell.
The continued work scope with PDO will facilitate introduction of additional Precision innovative drilling technologies, such as the Empulse electromagnetic measurement-while-drilling (MWD) system and BOOST casing signal enhancer. These technologies have been employed successfully by Shell in the North Sea and will allow the expansion of UBD operations in Oman to include low-pressure drilling environments where conventional signal transmission is not practical. Mobilization of this unique equipment to the Lekhwair Field in Oman is underway.
To date the Precision team in Oman has drilled more than 33,000 meters of hole underbalanced, achieving average operating efficiency greater than 99 percent with no lost time incidents and an average increase in production of 2.2 times that achieved using conventional drilling techniques.
Precision Drilling Corporation is a global oilfield services company providing drilling, production and evaluation services. With corporate offices in Calgary, Alberta, Canada and Houston, Texas, and research facilities in the US and Europe, Precision employs more than 10,000 people conducting operations in more than 30 countries. — (menareport.com)
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