Saturday, September 15, 2007 1:23:03 AM
With the day rates the offshore drillers now have to pay for a rig the activity is almost constant. When one group is done doing their thing, like wireline, then the cementers will follow them whether it is 2pm or 2am. Just the nature of the business. The majors spend a heap of money searching for oil and the sooner they know if they have hit the mother lode the better. The work that DPDW specializes in is just a small but necessary piece of the puzzle, but IMO they are in the fastest growing segment of the oil industry, DEEP WATER. There are huge oil reserves hundreds of miles offshore under thousands of feet of water and soil. There is a race on to get to it.
The majors want to tap into vast oil reservoirs off american soil and stick it to the Arabs and Chavez. Alaska, Canadian oil sands, and deep offshore can probably supply all of our needs.
Go DPDW!
The majors want to tap into vast oil reservoirs off american soil and stick it to the Arabs and Chavez. Alaska, Canadian oil sands, and deep offshore can probably supply all of our needs.
Go DPDW!
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