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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (170081)6/25/2012 10:16:36 PM
From: JimisJim4 Recommendations  Read Replies (1) of 206159
 
That has really put the hurt on my (now) 2nd biggest client... I have literally spent big chunks of the past 6 years doing nothing but submit proposals (and countless revisions) for PBR work/contracts -- client even opened an office a few blocks from PBR HQ and hired local talent... still PBR delays and delays... contract awards as well as actual E&P work... has been sort of a mini-bust for oilpatch companies who hitched their wagons to the PBR juggernaut (or at least that was how they were perceived and behaved the last 6 yrs. at least that I can personally attest to)... add in the criminal (not civil, criminal) charges for very small spills and I can testify that the bloom is off the rose as far as most western OSX companies are concerned when it comes to meeting PBR's ever elongating deadlines... you have no idea how many all-nighters/weekends/you name it many of us put in to meet some PBR deadline only to learn a couple or three months later that the entire process will start over in a few months... the drain on engineering man-hours is surprising...

/pbr rant

Jim
PS. To be clear, though, my client does get PBR contract work, esp. their US operations in the GOM, but also what little is actually happening in the new/big offshore fields, and thus, in full disclosure, I still do derive a significant (but shrunken) portion of my income directly and/or indirectly doing work for them.
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