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re: Obama stops drilling on 33 deepwater projects
Posted on 5/27/10 at 12:38 pm to oilfieldtiger
Posted on 5/27/10 at 12:38 pm to oilfieldtiger
quote:
that's a lot of drill ships and semi's to be sitting around idle.
i wonder when operators will start claiming force mageure on the contracts?
They wont be sitting around idle, trust me, they're going overseas, or as far away from the GOM as possible.
1
Posted on 5/27/10 at 12:38 pm to tgrbaitn08
quote:
Thu May 27, 2010
WASHINGTON (Reuters) – The Obama administration plans to announce on Thursday a suspension of offshore oil drilling in the Arctic until 2011 as a result of the Gulf of Mexico oil spill, an Alaska senator said.
LINK
Posted on 5/27/10 at 12:39 pm to oilfieldtiger
How many guys will he put out of work to make him self look good 
Posted on 5/27/10 at 12:44 pm to tgrbaitn08
quote:
They wont be sitting around idle, trust me, they're going overseas, or as far away from the GOM as possible.
i don't doubt that some will head down to brazil or across to africa; however, i think a lot will depend on what people envision happening in 6 months when this moratorium expires. what are the chances it won't be lifted, but rather extended? or that new regulations would be too difficult to comply w/. i don't know, i'm just speculating obviously.
i would say the decision to haul one of these rigs down over to brazil, africa, the north sea or offshore newfoundland is not made lightly. it's a huge cost and time to transit (if self propelled) or haul it up there on a carrier then back here.
what i know for certain, is it will be very difficult to convince people to work in the deepwater gulf of mexico as company men and toolpushers.
Posted on 5/27/10 at 12:48 pm to bigwheel
this is really going to hammer the ranks of service hands -- guys working for baker, halliburton, schlumberger, etc.
hopefully they'll be able to shuffle guys around to other areas to keep them working in the short term.
hopefully they'll be able to shuffle guys around to other areas to keep them working in the short term.
Posted on 5/27/10 at 1:07 pm to oilfieldtiger
What if Exxon or Shell already have a permit to do a deepwater well. Will they have to hold off? Or does this mean no new permits will be issued?
Posted on 5/27/10 at 1:11 pm to AcadianDisciple
quote:
What if Exxon or Shell already have a permit to do a deepwater well.
Permit or not, they are not allowing them to drill new wells.
Posted on 5/27/10 at 1:13 pm to oilfieldtiger
quote:
i would say the decision to haul one of these rigs down over to brazil, africa, the north sea or offshore newfoundland is not made lightly.
It's all based on contracts. If they sign a big enough contract they will bolt in a heartbeat.
Posted on 5/27/10 at 1:23 pm to tgrbaitn08
Lease sales in the Western Gulf and East Coast canceled
Moratorium on new DW drilling permits (may impact shelf as well)
Suspension of 33 DW wells currently drilling
Moratorium and suspensions until a commission completes a study on operational procedures, safety and environmental study requirements.
Not happy time in the GoM
Moratorium on new DW drilling permits (may impact shelf as well)
Suspension of 33 DW wells currently drilling
Moratorium and suspensions until a commission completes a study on operational procedures, safety and environmental study requirements.
Not happy time in the GoM
Posted on 5/27/10 at 1:24 pm to creoleLSUfan
where do you see the suspension of the 33 wells in the GOM? or you're just guessing...
Posted on 5/27/10 at 1:32 pm to tgrbaitn08
quote:
It's all based on contracts. If they sign a big enough contract they will bolt in a heartbeat.
The contract day rates are going to start dropping rapidly. The deepwater rigs will be moving. The cost of them sitting idle far out ways the cost of moving them to other regions.
Posted on 5/27/10 at 1:33 pm to LSUis0ver9000
LINK
quote:
US President Barack Obama said he will stop drilling on 33 deep-water projects that are currently under way in the US Gulf of Mexico.
quote:
Obama did not offer further detail on his plan to halt deep-water drilling or give a deadline for operators to prepare to halt their drilling operations.
Posted on 5/27/10 at 1:40 pm to LSUis0ver9000
quote:
you're just guessing
I didn't have time to watch the conference. One of our guys in our NOLA office sent out a summary of the main points to me so I could be aware of some of the stuff coming down. This was just copied from the email he sent me.
Here is an article if you need more assurance that I know a little of what I'm talking about.
LINK
ETA Fred already beat me to it.
This post was edited on 5/27/10 at 1:41 pm
Posted on 5/27/10 at 1:44 pm to TigerFred
quote:
US President Barack Obama said he will stop drilling on 33 deep-water projects that are currently under way in the US Gulf of Mexico.
I thought that is what I heard!!!
Holy shite....this is terrible!!!
Posted on 5/27/10 at 1:49 pm to tgrbaitn08
I guess some of us will have to move to North Dakota for the next 6 months or so
Posted on 5/27/10 at 1:51 pm to TigerFred
oh man that's a bad idea
and thanks for the link
and thanks for the link
Posted on 5/27/10 at 1:52 pm to tgrbaitn08
quote:I know this is horrible news for the people who work the rigs and the associated businesses.
I thought that is what I heard!!!
Holy shite....this is terrible!!!
A selfish question, what will this do to the price of oil/gas in the short term? Will we see a spike like we did a couple of years ago during hurricane season, or will the impact be smaller since (I'm assuming) existing wells that are producign can continue to produce, but untapped sources won't be extracted for a while?
Posted on 5/27/10 at 1:53 pm to LSUis0ver9000
This is definitely going to be bad for Louisiana's already struggling economy. Bad bad bad.
Posted on 5/27/10 at 1:56 pm to LSUis0ver9000
Should we continue to drill in deep water when an ongoing oil spill has been leaking for 37 days?
Lets get everything organized and safety precautions before drilling in deep water. Seems like a smart move to me.
BP has already screw up the ecosystem.
Lets get everything organized and safety precautions before drilling in deep water. Seems like a smart move to me.
BP has already screw up the ecosystem.
Posted on 5/27/10 at 1:56 pm to PJinAtl
IMO we won't see immediate price increase. This impact will hurt the oilfield support industry immediately. The long term damage will be to new develops which will be delayed.
Basically there will be many who have lost their jobs.
Basically there will be many who have lost their jobs.
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