Identifying Ways to Reduce Drilling Budgets in the Low Oil Price Environment

August 31, 2015 | State of the Market Report

Current oil prices remain low and the rig count remains half of what it was at the start of the year. These conditions are causing operators to restructure and streamline operations. Operators are likely to focus on improving drilling efficiency.With many new technologies available, start-ups in the drilling industry that reduce non-productive time – whether replacing personnel, such as Robotic Drilling Systems, or preventing disaster like 5d Oilfield Magnetics – will be the most successful. To understand the impact of these technologies, it is crucial to understand the process of completing a drilling project and identify major pain points.

Coverage Areas

  • Exploration and Production
  • Owning the Energy Transition

Table of Contents

  • Title page
  • Landscape: Understanding drilling operations
  • Analysis: Optimizing drilling costs
  • Outlook

Lead Analyst

Colleen Kennedy
Analyst

Contributors

Daniel Choi
Brent Giles, Ph.D.

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