Drilling

The U.S. Bureau of Land Management reported that Devon Energy Corp. was the dominant force in a landmark sale of oil and gas drilling...

European Union (EU) energy ministers are slated to deliberate on the potential for increased domestic gas drilling during an upcoming informal gathering in Cyprus....

Reducing the time between discovery and production is a primary goal for upstream operators. Leveraging surplus tubular supply offers a strategic advantage by cutting procurement lead times, allowing for a more rapid deployment of drilling assets and a significantly faster path to first oil.

Maintaining a continuous drilling operation is essential for the economic success of any oil and gas project. Streamlined tubular supply reduces drilling delays by optimizing the flow of casing and tubing, ensuring that materials arrive at the wellsite exactly when needed, and minimizing the risks associated with supply chain disruptions and procurement bottlenecks.

Launching a new upstream project requires the seamless integration of engineering, logistics, and material procurement. Efficient tubular supply drives faster project startups by ensuring that casing and tubing are staged and ready before the rig arrives, minimizing the risk of delays and enhancing the overall operational readiness of the drilling team.

Redefining the way oil country tubular goods are sourced and managed is a key factor for operators looking to improve their logistics performance. By implementing surplus inventory strategies, companies can enhance material availability, reduce lead times, and reshape their oilfield delivery models.

Effectively managing the flow of oil country tubular goods is a key component of a high-performing upstream organization. Optimized OCTG supply chains boost first oil speed by ensuring that high-quality casing and tubing are readily available, reducing the procurement cycle and allowing for more efficient drilling and completion operations.