While the recent sharp decline in crude oil prices is welcomed by many drivers who are experiencing lower prices at the pump, the shift is creating immense pressure for businesses throughout the oil and gas industry to react quickly and decisively.
Drilling contractors, in particular, faced with an alarming surge in postponed and canceled contracts, must find ways to significantly reduce operating costs. Many are taking a close look at their fleet and decommissioning aging vessels.
The remaining fleet of vessels must also be more efficient than ever before. As the overall value of available drilling contracts decreases, productivity and efficiency are the keys to achieving profitability and growth.
In regards to their fleet, one challenge drilling contractors face is that every five years all fleets are subject to special periodic surveys (SPS) to comply with DNV and ABS regulations and ensure all vessels are fit to operate in accordance with standards designed to ensure crew safety and protect the environment.
During these inspections not only is the structure of the vessel itself examined, but nearly all equipment onboard is removed for service or replaced altogether. This includes approximately 5,000 hydraulic hose assembly assets.
A vessel will typically return to a port and remain docked there for up to eight weeks while the SPS occurs. During this time, Parker’s Onsite Services team is there to deliver full support by providing a containerized workshop and the technical experts to run it.
These technicians will measure, fabricate, test and replace the hydraulic hose assemblies, equipping them with Parker Tracking System (PTS) tags for cataloging and ease of tracking in the future. This comprehensive support eliminates the need for rig owners or their subcontractors to manage this detailed and extensive process.
Sometimes the cost of removing a vessel from a drill site and bringing it to dock for SPS inspections is prohibitive for drilling contractors. Every hour the vessel is not drilling, revenues are being significantly impacted. In these cases, Parker’s Onsite Services team can bring their expertise to remote locations and conduct their work aboard the vessel at sea. This enables rig owners to focus on the drilling job at hand, while Parker handles the documentation and replacement of required hydraulic hose assemblies.
The unmatched capabilities of the Onsite Services team, combined with Parker’s extensive knowledge and range of technologies for the oil and gas market, enables Parker to serve as a key partner to drilling contractors in maintaining their vessels.