Commentary

Balmoral drill riser buoyancy

Commentary - 1 Feb 2021

Experience and flexibility key drivers as drilling market returns in 2022

 

Like many sectors in the oil and gas industry the offshore drilling market took a massive hit from the global pandemic and a drop in oil demand and prices.

Although the last couple of years have been very slow it seems drilling activity has turned a corner with signs of 2022 shaping up to be the busiest for some time. Recent research reports that EPC spending is returning to pre-pandemic levels.

Here, at Balmoral, we are seeing renewed interest from the market with customers looking for buoyancy solutions in quick turnaround times.

With a strong and proven technical background we have built a reputation for providing reliable drill riser buoyancy, whether building a full string from scratch or involving repairs or extensions, regardless of origin, we will work with you to expedite your order on time and on budget.

We believe our industry-leading experience, modular manufacturing facility, in-house mould making and solid financial foundation, backed by an award-winning range of products, gives us an edge - contact us to see how we can help you achieve your drilling project objectives.

World class capability in manufacturing, especially in engineering and design optimisation – this expertise is crucial to us. Definite technology leadership position. They are a step ahead.

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Our highly experienced team would be delighted to discuss your project.
Please contact us for further information.
Contact us to find out how we can help solve your current technical challenge

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Balmoral Comtec Ltd
Balmoral Park, Loirston, Aberdeen AB12 3GY | +44 (0)1224 859000 | surety@balmoral.co.uk
Registered number SC301819

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