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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (85664)	1/30/2001 12:33:21 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Mar NG current + 3 day chart: quotes.ino.com

To: isopatch who wrote (85664)	1/30/2001 1:09:43 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 95453

Iso & John, one thing the article didn't mention is that the operators did a great job of pushing off the risk of equipment failures onto the drilling contractors, and the drillers did a lousy job of pushing off the risk onto their equipment suppliers. The new generation of rigs is very much like the generation of automobiles that came out in the early 80's. Computers were new and gadgets like touch screens, LCD panels, and a general move away from analog gauges were all the rage. Needless to say the new stuff was unreliable, hard to use, and in general just plain bad. The same thing happened to new rigs - they were saddled with overly complex computerized systems (things that didn't need to be electronic suddenly became so - and to the extreme). The result is rigs that are very expensive and manpower intensive to maintain, very unreliable, and the downtime is killing the drilling contractors. This too shall pass as the automation pendulum swings back the other way and reliability increases, but I thought I'd pass on my take about why the contractors are taking it in the shorts, and not the equipment suppliers or operators. Sharp