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Study Group: Semi-Submersible Drilling Rig Experts

Council Members in this Study Group: 87

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Leading Experts in this Study Group

Dennis Fagerstone

Consultant
Dennis Fagerstone
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Dennis Fagerstone is an independent consultant in the oil and gas industry. Prior, Mr. Fagerstone was an Executive Vice President of International Operations at Pioneer Natural Resources. He began as Executive Vice President following the August 1997...

James Ritter

Project Manager - Major Offshore Capital Projects
CHEVRON CORPORATION
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

James Ritter is a Project Manager for Offshore major capital projects at Chevron. Mr. Ritter is currently responsible for construction and installation of the South Nemba Aux Platform Project in Angola, West Africa. He has experience in design, installation,...

Christopher Beato

President
Exaro Energy Llc
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Christopher Beato is the President of Exaro Energy, a firm engaged in oil and natural gas acquisition, exploration and production throughout the United States and the Gulf of Mexico. Prior, Mr. Beato was the Managing Director of Fidelity Exploration and...

Robert Hinkel, Chief Operating Officer, Elang EnergyRobert Hinkel

Chief Operating Officer
Elang Energy
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Robert Hinkel is the President and Chief Operating Officer of Elang Energy, a two-year old start-up exploration and production company with operations in the Asia-Pacific region, South America and US. Previously, he was the President and Chief Executive...

Fred Aminzadeh, Owner and Senior Advisor, dGB-USAFred Aminzadeh

Owner and Senior Advisor
dGB-USA
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Fred Aminzadeh is the Owner and Senior Advisor of dGB-USA, a geophysical contracting firm. Previously, Dr. Aminzadeh was the President of the Society of Exploration Geophysicists. Prior to that, he was a Manager at Unocal Corporation. Dr. Aminzadeh has...

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GLG NewsSM Analyses by this Study Group's Leading Experts(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Largest discovery in California in 34 years

July 24, 2009

Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Iraq's Tough Fiscal Terms for Oilfields Rejected by the Industry - Except BP

July 1, 2009

Oil Companies Reject Iraq's Contract Terms | online.wsj.com

The "service contracts" recently offered by the Iraqi government for oil companies to develop their huge resources represent some of the most difficult issues for the global oil companies to face.  The fact that BP accepted the contract, despite only taking a $2/bbl margin that is oblivious to oil price changes, suggests that they are taking a long-term view of the Iraqi opportunities for the fact is that a project like this, no matter what the size, cannot compete on a profitability basis in BP's global opportunity portfolio.  In fact, oil companies have always feared and resisted these types of contracts since they do not allow the oil companies to book reserves under the normal regulatory and financial systems in the US and elsewhere.

Reserves vs. Resources

June 30, 2009

Estimate Places Natural Gas Reserves 35% Higher | www.nytimes.com

This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays in the US are commercial at present development cost levels. The quality of these unproven supplies must also be confirmed by drilling and testing. Adequate natural gas prices will be necessary to support development and conversion of this gas to reserves. 

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Members in this Study Group include these company types:

  • Consulting Firm (ei)
  • E&P Company (ei)
  • Drilling contractor (ei)
  • Oilfield Service Company (ei)
  • Offshore Service Vessel Contractor (ei)
  • Industry Publication (ei)

Members in this Study Group often have these job titles:

  • Project Manager
  • Consultant
  • Owner
  • President
  • Engineer
  • Principal
  • Chief Executive Officer
  • Business Development Manager
  • Director

GLG Live Meetings with this Study Group's Leading Experts (?)

August 21, 2008 | New York

GLG Seminar: (NYC) Future Exploration on the Outer Continental Shelf

August 14, 2008 | San Francisco

GLG Seminar: (SF) Oil and Gas E&P - Current Cycle and Technology

May 8, 2008 | New York

GLG Seminar: US Upstream Oil & Gas Overview

GLG Webcasts & Teleconferences

Leading Experts in Semi-Submersible Drilling Rig Experts have not participated in any GLG webcasts.

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