HOW RIGS ARE ESTABLISHED
Operating companies determine whether to classify the well as oil or gas based on their drill appraisal concerning their hydrocarbon target. If oil and gas are relatively close in percentages, the choice could be made to list the well according to the largest component, or the component driving the economy (which currently is oil).
Drill pipes are one of the Oil Country Tubular Goods (OCTG) products that Essentra provides globally to the oil and gas industry. As the OCTG global market leader, Essentra manufactures the most extensive range of pipe protectors and thread protectors in the industry, and we do so with the highest quality standards.
Rotary rigs rotate each drill pipe from the surface level all the way into a new well; and, they are also used to sidetrack an existing well. “Sidetracking” refers to re-entering a well from the surface to purposefully deviate from an existing well bore into an alternate zone or bottom location. As a crucial component of oilfield equipment anywhere in the world, each drill pipe is a heavy continuous tube that rotates a drill bit as well as circulates the drilling fluid.
Establishing an offshore oil platform is no small task. Many people, committed to providing an untold number of hours on and off-site, with a gamut of skill sets, and a vast array of supplies including OCTG pipe protection products, are necessities for the successful establishment of offshore oil platforms. Essentra Pipe Protection Technologies provides equipment globally to our customers onshore as well as offshore. The ISO certified Essentra Pipe Protection Technologies serves the oil and gas industries in these capacities, but also now serves the mining industry and the water well industry.
Once an offshore rig is established, the rig itself begins to be embraced by ocean life as a habitat. Creatures literally start to grow and thrive on the foundation and supporting structures of the rig. Some sea life find shelter under the platform or among the pilings.
When an offshore rig reaches the end of its production life, it can cost millions (even tens of millions of dollars) to remove it from the depths of the sea and haul it off.
The oil and gas industry has become increasingly aware of the fact that it is less costly for the environment, as well as the oil industry, to dismantle the top of decommissioned offshore oil and gas platforms, and allow the legs of the rigs to remain in the ocean as part of the marine ecosystem.
There are Rigs Around The World that have existed for more than 30 years, and many marine biology experts believe their removal would be extremely disruptive to the environment. These “retired rigs” act as an artificial reef, providing marine life with environments on which they thrive. Research has shown that rigs often serve not only as a haven to numerous species of fish in general, but also often to species which had been on the decline in the region.