Search our site:
800-531-3273
432-381-5265
sales@oilworksinc.com
facebook
linkedin
twitter
youtube
google_plus
API Certification      ISO Certification ISO Certification ISO Certification
Menu
  • Drilling Packages – Custom Rig Solutions
    • AC Rig Packages
    • DC Rig Packages
    • RIG COMPONENTS
      • Walking Systems
      • Sub-Structures
      • Masts
      • Drawworks
      • GENSETS
    • Close
  • DRILLING EQUIPMENT – Component Needs
    • DRAWWORKS
      • Drawworks – OWI 1000 M
      • Drawworks – OWI AC 1600
      • Drawworks – OWI 1000 MH
      • Drawworks – OWI AC 2000
      • Drawworks – OWI 1500 EH
    • RIG COMPONENTS
      • Walking Systems
      • Sub-Structures
      • Masts
      • GENSETS
    • OTHER PRODUCTS
      • Torque Converters
      • Air Compressors
      • Air Hoists & Winches
      • Kelly Spinners / Pipe Spinners
      • Drilling Controls for Fluids & Solids
      • Air Starters & Motors
      • Gas Compressors
      • Wireline Machines
    • Close
  • Services – 24/7 Support
    • Machine Shop
    • Quality Control
    • Iron Roughnecks
    • Close
  • Contact Us – Get In Touch
  • Corporate Overview
  • Our Mission
  • Safety
  • OWI Blog

New Rules for Offshore Oil Wells Could Be Coming

0 Comment
30 Apr 2015
Oil Works Content Team

According to recent news, there is a good chance that the Obama administration will be placing tighter restrictions when it comes to the offshore drilling equipment they are using. At first, this might seem like a needless expense, as many of the pieces of equipment used today are adequate. However, some companies are using outdated or worn pieces of technology and equipment. They may need to have better quality, newer equipment. Much of the equipment in use is actually the best way to defend against potential disasters.

What about the costs? One of the first questions that companies in the industry naturally have when they hear about this type of news is just how much it is going to cost them. While it is not cheap, the estimates are that it would cost an added $88 million to the industry costs annually, on average, over the course of the next decade. The largest of the costs would be the first year, 2015, which they estimate to be $165 million. Right now, many in the industry are reviewing the proposed rules and they will have 60 days from April 15 to comment on them. Nothing is set in stone quite yet, so there could still be some substantial changes. However, the idea of rules and regulations are not all bad. They do have some merit.

Even though spills and other disasters are extremely rare when you think about the size of the industry, the ones that do occur tend to get quite a bit of news. The new rules should not necessarily be something companies see as a bad thing. Sure, it costs now when you are buying and setting up new equipment. However, it can help in a couple of ways. First, it actually can help to improve the safety and the efficiency of the company. This means that there is less of a chance of an expensive disaster down the line. Second, it shows that the companies are paying attention to what the public – their customers – are demanding.

The industry has already created a set of standards to help prevent blowouts. The new rules are focusing on building upon these rules as much as possible. The rules will set up schedules for repair and maintenance to ensure there is nothing wrong with the device. The new rules are also calling for “real time monitoring onshore for heat and pressure at the well.”

Source: RigZone

About Oil Works Inc.

Oil Works, Inc. is a complete drilling rig equipment manufacturer and service provider based in the Permian Basin for over 20 years. OWI’s product and service offerings include Derricks, Substructures, Drawworks Manufacturing, Mud Systems, Rig Walking Systems, Power Generation, Control Systems, Iron Roughneck Services and complete Rig Solutions built to API and ISO standards. OWI is also proud to offer 24/7 Service and Support.

Link to this post!

Social Share

  • google-share

Checking...

Ouch! There was a server error.
Retry »

Sending message...

Request Information

Please help us prevent spam:

8 + 9 =

Attach a file (Max 5MB)



DRILLING PACKAGES

AC Rig Packages

DC Rig Packages

Rig Components
  • Walking Systems
  • Sub-Structures
  • Derricks
  • Drawworks
  • GENSETS

DRILLING EQUIPMENT

Drawworks
  • Drawworks - OWI 1000 M
  • Drawworks - OWI 1000 MH
  • Drawworks - OWI 1500 EH
  • Drawworks - OWI AC 1600
  • Drawworks - OWI AC 2000

Other Products
  • Torque Converters
  • Air Compressors
  • Air Hoists & Winches
  • Kelly Spinners / Pipe Spinners
  • Drilling Controls for Fluids & Solids
  • Air Starters & Motors
  • Gas Compressors
  • Wireline Machines

SERVICES

  • Machine Shop
  • Quality Control
  • Iron Roughnecks

ABOUT OWI

  • Corporate Overview
  • Our Mission
  • Safety
  • Contact Us
@ Copyright 2015 Oil Works, Inc.

2416 North FM 1936 - Odessa, TX, 79769