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.

Our highly experienced team would be delighted to discuss your project.
Please contact us for further information.