PEH:Offshore Drilling Units - PetroWiki

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The growth and evolution of offshore drilling units have gone from an experiment in the 1940s and 1950s with high hopes but unknown outcome to the extremely sophisticated, high-end technology and highly capable units of the 1990s and 2000s. In less than 50 years, the industry progressed from drilling in a few feet of water depth with untested equipment and procedures to the capability of drilling in more than 10,000 ft of water depth with well-conceived and highly complex units. These advances are a testament to the industry and its technical capabilities driven by the vision and courage of its engineers, crews, and management. From an all-American start to its present worldwide, multinational involvement, anyone involved can be proud to be called a "driller." Since the beginning in the mid-1800s until today, the drilling business commercially has been very cyclic. It has been and still is truly a roller-coaster ride, with rigs being built at premium prices in good economic times and ...