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Deepwater drilling, [1] or deep well drilling, [2] is the process of creating holes in the Earth's crust using a drilling rig for oil extraction under the deep sea. There are approximately 3400 deepwater wells in the Gulf of Mexico with depths greater than 150 meters. [3] [full citation needed]
Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, brine, natural gas, or petroleum, for the injection of a fluid from surface to a subsurface reservoir or for subsurface formations evaluation or monitoring.
When offshore drilling moved into deeper waters of up to 30 metres (98 ft), fixed platform rigs were built, until demands for drilling equipment was needed in the 100 feet (30 m) to 120 metres (390 ft) depth of the Gulf of Mexico, the first jack-up rigs began appearing from specialized offshore drilling contractors. [11]
The daily rates of offshore drilling rigs vary by their depth capability, and the market availability. Rig rates reported by industry web service [25] show that the deepwater water floating drilling rigs are over twice the daily cost of the shallow water fleet, and rates for jack-up fleet can vary by factor of 3 depending upon capability.
Cable tool water well drilling rig in Kimball, West Virginia Water well drilling in Ein Hemed, near Jerusalem circa 1964. Rotary drilling machines use a segmented steel drilling string, typically made up of 3m (10ft), 6 m (20 ft) to 8m (26ft) sections of steel tubing that are threaded together, with a bit or other drilling device at the bottom ...
Simple diagram of a drilling rig and its basic operation. The kelly drive is #19. A kelly drive is a type of well drilling device on an oil or gas drilling rig that employs a section of pipe with a polygonal (three-, four-, six-, or eight-sided) or splined outer surface, which passes through the matching polygonal or splined kelly (mating) bushing and rotary table.
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In 2011, the company acquired Aker Drilling, which owned 4 harsh environment rigs used for drilling near Norway. [20] In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. [21] In 2013, the company was added to the S&P 500 index. [22]
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