Drilling and Well Services is one of the most dynamic sectors of the international petroleum industry. Increased exploration activity, particularly offshore, has led to nearly one hundred percent utilization of capacity; along with rising day-rates.
As a general rule, the more complex or specialized the work or project, the more likely it is that Drilling & Well Services will be sourced from independent contractors. Even the largest multi-national companies rely upon contractors with the skill, experience and technology to carry out their exploration, appraisal and development work programmes. Three main features lie at the heart of these petroleum operations – Scope, Schedule and Budget.
This course provides participants with an understanding of the process and documentation for the selection and supervision of Drilling and Well Services. The programme for this course has been designed to enable participants to gain an understanding about the commercial, technical and legal role of contracts for Drilling and Well Services in the Petroleum Industry. The material covers all aspects of the contractual arrangements that structure the relationship between Field Operators and Service Contractors.