1. Problem Definition Peter Bremmer‚ has the opportunity to bid for the drilling contract of one of the largest players in the Canadian mining industry. Winning this bid could be a major step to achieve his growth strategy‚ but the company currently does not have sufficient equipment and experienced drillers available‚ the industry is short of skilled workers and the highly cyclical industry environment makes long-term investments risky. Additionally‚ he has only 3 weeks to make a decision. 2.
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perceives their activities can extraordinarily influence the life of another whether one individual or numerous. For instance‚ in the event that you are a mentor your customer will probably be an individual and you mentor them on a one-on-one premise. Drilling utilizes a significant number of the aptitudes prepared specialist as of now have‚ this can be of esteem in honing customers (Smith‚ 2007). Conversely‚ an advisor can without much of a stretch manage a gathering‚ group‚ or an office inside an association
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DRILLING FLUIDS The key to making the rotary drilling system work is the ability to circulate a fluid continuously down through the drill pipe‚ out through the bit nozzles and back to the surface. The drilling fluid can be air‚ foam (a combination of air and liquid or a liquid. Liquid drilling fluids are commonly called drilling mud. All drilling fluids‚ especially drilling mud‚ can have a wide range of chemical and physical properties. These properties are specifically designed for
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DRILLING THEORY Principles of percussive drilling In percussive drilling‚ the energy required to break the rock is generated by a pneumatic or hydraulic rock drill. Machines of this kind build up a pressure which‚ on being released‚ drives the piston forward (Fig. 1). The piston strikes on the shank adaptor. The kinetic energy of the piston is converted into a stress wave which travels along the drill string to the rock. In order to obtain the best possible drilling economy the whole
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replacing pipe from the well when it is necessary to change the bit or other piece of the drill string‚ or when preparing to run certain tests in the well bore. • Top drive o A mechanical device on a drilling rig that provides clockwise torque to the drill string to facilitate the process of drilling a borehole. • Kelly hose o is a flexible‚ steel reinforced‚ high pressure hose that connects the standpipe to the kelly. • Goose neck o A thick metal elbow connected to the swivel and standpipe
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Offshore Drilling Does anything out weigh the importance of our planet’s health? You would be surprised by the number of people who look the other way when it comes to keeping the planet clean. Offshore drilling is just one of the major environmental issues that has existed for many years and still continues to be a problem. The topic of offshore drilling not only touches on environmental issues but also political‚ economic‚ and ethical issues. All of these tie into the huge debate over offshore
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Drilling rig A drilling rig is a machine which creates holes in the ground. Drilling rigs can be massive structures housing equipment used to drill water wells‚ oil wells‚ or natural gas extraction wells‚ or they can be small enough to be moved manually by one person. They sample sub-surface mineral deposits‚ test rock‚ soil and groundwater physical properties‚ and also can be used to install sub-surface fabrications‚ such as underground utilities‚ instrumentation‚ tunnels or wells. Drilling rigs
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Oil Drilling Have you ever seen an animal covered in sludge‚ helpless and weak? Offshore oil drilling is one of our world’s biggest concerns. Offshore oil drilling is the discovery of finding oil or gasoline resources underwater. Usually the oil is found off the coasts of each continent and can also be found in lakes and small seas. Drilling for oil provides the energy to make fuels for cars and other machinery. Many different platforms can be used for offshore oil drilling such as drill ships
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OCEAN CARRIERS CASE 1) Should Ls Linn purchase the $39M capsize? Make two different assumptions. First‚ assume that Ocean Carriers is a U.S. firm subject to a 35% statutory (and effective) marginal tax rate. Second‚ assume that Ocean Carriers is domiciled in Hong Kong for tax purposes‚ where ship owners are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong‚ i.e.‚ assume a zero tax rate. The
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“Ocean Carriers” case Assume that Ocean Carriers uses a 9% discount rate. 1) Do you expect daily spot hire rates to increase or decrease next year? (5 points) 2) What factors drive daily hire rates? (5 points) 3) How would you characterize the long-term prospects of the capesize dry bulk industry? (10 points) 4) Should Ms Linn purchase the $39M capsize? Make 2 different assumptions. First‚ assume that Ocean Carriers is a US firm subject to 35% taxation. Second‚ assume that
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