Wison secures contract to build 3,000hp modular drilling rig in Gulf of Mexico

Wison Offshore & Marine, the upstream oil and gas division of the Wison Group, has secured a contract from China Oilfield Services (COSL) to construct a new 3,000hp modular drilling rig.
The rig, which will be installed on the Tsimin-C drilling and production platform in the Mexican Bay of Campeche, will be used on a platform in the Mexican sector of the Gulf of Mexico that is operated by Petróleos Mexicanos (PEMEX).
As part of the contract, Wison will provide project management, procurement, production engineering, fabrication, load out, offshore installation and commissioning support for the installation of the rig.
Wison will fabricate the approximately 2,500t rig at its Nantong facility in China and is expected to deliver it in the second quarter of 2014.
The drilling facility is based on a self-nstalling design that consists of 97 smaller units, which require significant integration work to strict tolerances during module construction.
"Wison will provide project management, procurement, production engineering, fabrication, load out, offshore installation and commissioning support for the installation of the rig."
Wison Offshore & Marine executive vice president, L. Dwayne Breaux, said: "Wison has established a strong track record in delivering drilling modules for COSL and we are extremely pleased to expand this relationship and provide more high-quality facilities for PEMEX."
In 2010, Wison delivered two modular platform rigs to COSL for operation on China National Offshore Oil (CNOOC) facilities offshore China.
In 2007, Wison provided four platform rigs for COSL that are currently operating in offshore Mexico.
Wison executes engineering and design activities out of its headquarters in Shanghai, China, as well as in Houston, Texas, and performs fabrication of facilities from its two Chinese yards in Nantong and Zhoushan.
The company, however, has not disclosed the financial terms of the latest contract.
Image: Offshore oil rig. Photo: Courtesy of freedigitalphotos.net.


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Offshore drilling services market to reach $121.1bn by 2018, says report

The offshore drilling services market is expected to grow from $73.1bn in 2013 to $121.1bn by 2018, growing at a compounded annual growth rate (CAGR) of 10.6%, according to a new report published by market research and consulting firm, MarketsandMarkets.
The report said that the market will grow primarily due to new offshore discoveries and exponential rise in demand for energy worldwide.
The offshore drilling services market, which is growing after the slump following the oil spill in the US Gulf of Mexico in 2010, includes contract drilling services, as well as directional and logging while drilling services and various submarkets.
The report analysed offshore drilling services market share, value chain, Porters five force analysis, and market metrics, such as drivers, restraints, burning issues, winning imperative and opportunities.
MarketsandMarkets noted that the golden triangle, which includes Brazil, US Gulf of Mexico and West Africa, are the key markets for offshore activities.
"The market will grow primarily due to new offshore discoveries and exponential rise in demand for energy worldwide."
The report, which analyses offshore drilling activities on the basis of shallow, deep and ultra-deepwater activities, estimates that offshore oilfield operators, said that Asia-Pacific is the emerging market in terms of demand for energy and offshore drilling activities.
The report will also look to re-develop current fields and explore ultra-deep water reserve potentials.
Offshore oilfield operators will focus on developing new technologies through research and development and incorporate their existing technologies to reduce high risk and associated cost.
The research firm projects shallow water activities, and deepwater and ultra-deepwater activities to rise in the near future.
The report divided the offshore drilling services market into two areas, contract drilling service providers that consist of Transocean (Switzerland), Ensco (UK), Seadrill (Bermuda), and oilfield services companies that consist of Baker Hughes (US), Schlumberger (US), Halliburton Energy Services (US), and Weatherford (Switzerland).
Image: Offshore oil rig. Photo: courtesy of freedigitalphotos.com.


View the original article here

Offshore drilling services market to reach $121.1bn by 2018, says report

The offshore drilling services market is expected to grow from $73.1bn in 2013 to $121.1bn by 2018, growing at a compounded annual growth rate (CAGR) of 10.6%, according to a new report published by market research and consulting firm, MarketsandMarkets.
The report said that the market will grow primarily due to new offshore discoveries and exponential rise in demand for energy worldwide.

The offshore drilling services market, which is growing after the slump following the oil spill in the US Gulf of Mexico in 2010, includes contract drilling services, as well as directional and logging while drilling services and various submarkets.
The report analysed offshore drilling services market share, value chain, Porters five force analysis, and market metrics, such as drivers, restraints, burning issues, winning imperative and opportunities.
MarketsandMarkets noted that the golden triangle, which includes Brazil, US Gulf of Mexico and West Africa, are the key markets for offshore activities.
"The market will grow primarily due to new offshore discoveries and exponential rise in demand for energy worldwide."
The report, which analyses offshore drilling activities on the basis of shallow, deep and ultra-deepwater activities, estimates that offshore oilfield operators, said that Asia-Pacific is the emerging market in terms of demand for energy and offshore drilling activities.
The report will also look to re-develop current fields and explore ultra-deep water reserve potentials.
Offshore oilfield operators will focus on developing new technologies through research and development and incorporate their existing technologies to reduce high risk and associated cost.
The research firm projects shallow water activities, and deepwater and ultra-deepwater activities to rise in the near future.
The report divided the offshore drilling services market into two areas, contract drilling service providers that consist of Transocean (Switzerland), Ensco (UK), Seadrill (Bermuda), and oilfield services companies that consist of Baker Hughes (US), Schlumberger (US), Halliburton Energy Services (US), and Weatherford (Switzerland).
Image: Offshore oil rig. Photo: courtesy of freedigitalphotos.com.


View the original article here