Big Oil Firms Crack The Whip Over Service Companies
by Reuters
|
Gwladys Fouche & Balazs Koranyi|
Wednesday, March 26, 2014"If we are not able to lower the cost development, decision makers will move away from the North Sea once the ongoing projects are done," Kvaerner's Haugan said.
The International Energy Agency sees oil prices down at $102 per barrel next year from the current $107 as several producers ramp up output, a big change for energy companies that have commissioned projects assuming higher prices.
(Additional reporting by Joachim Dagenborg, editing by William Hardy)
1234
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Reid V. Williams
|
April 29, 2014
I totally agree with Ben Lehr. I too have 35 plus years in the O&G Industry worldwide. I was last in Kuwait where a big French Integrated Service Company had a sweet master contract with KOC. They priced items out of sight and KOC didnt say a thing. This ISC MC gave the service company cart blanc to charge whatever, to put inexperienced personnel in place and equipment that rarely worked the first time. Without completion there is a lack of incentive to make positive change. I will never consult with KOC again. .
Ben Lehr
|
April 05, 2014
On integrated services. It does not work, it breeds inexperienced personnel at the well site with very little support from office managers. It is costly and inefficient as the personnel know that they have a contract and they are backed by the service company. The integrated service company will never take accountability for anything, believe me they will try to pass the buck on everything.
I work in a project in Central Africa where we have integrated services and|I can tell you with having over 40 years of oil & gas experience from the wellhead to corporate office I have never seen such a disorganized inexperienced and costly operation in my entire career. In my opinion stay away from integrated services and keep the competition at the wellhead.
MORE FROM THIS AUTHOR
Reuters
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Most Popular Articles
- NPD Grants Slew of Drilling Permits
- Saudi Arabia Says It Has Done All It Can for the Oil Market
- World's Oil Growth Engine Is About to Slow
- Halliburton, Baker Hughes and More Write to UK Government
- Up To 6 Major Atlantic Hurricanes Forecasted For 2022
- EU Russian Oil Snub Appears to Be Gathering Momentum
- Romania May Accelerate Deepwater Gas Drilling
- Bolsonaro Raises Pressure on Petrobras After Firing CEO
- Anti-Woke Texas Oil Regulator Fends Off GOP Rival
- Equinor Makes New Oil Find Near Johan Castberg
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- Oil Inventories Down to Dangerously Low Point
- Brent-WTI Oil Price Spread Inverts
- ExxonMobil Selling Shale Assets for $750MM
- USA Fuelmakers Shifting Into Higher Gear
- Shots Fired During Tanker Loading
- 6 Power Generating Facilities in Texas Just Tripped
- NPD Grants Slew of Drilling Permits
- BlackRock Told Texas It Will Still Invest In Oil And Gas
- Russian Oil Producers Start Using Tankers the World Did Not Want
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- This Is Where the Oil Price Would Be Without the War
- Ban on Excessive Gasoline Prices Heading for Vote
- Oil and Gas Discovery Confirmed at Hamlet
- Top Headlines: Be Prepared to Pay More at the Pump from June
- Oil Inventories Down to Dangerously Low Point
- Gas Prices Could Rocket in the Near Term
- Exxon Does It Again - Three More Discoveries Offshore Guyana