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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (6114)1/6/2002 10:27:20 PM
From: t4texas  Read Replies (1) of 36161
 
frank, if the company in edmonton has any drilling fluids biz in the gulf of mexico, they have known this new regulation was coming for a long time and probably will have developed a strategy to deal with the new issues (public comment on the document invited in june 2001, and they must have known about it for six months before that too). however the writing is on the wall for synthetic and oil based drilling fluids imo. if some water based drilling fluids show success, it will be tough for the operators to use higher cost disposal methods for synthetic and oil based muds. the noose may get tighter, because the previously unregulated synthetic mud discharge into the ocean waters, which has now been prohibited with exceptions, may one day simply be prohibited. i think this may just be a matter of when not if.
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