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SeaDrill Limited Message Board

  • bzusa6 bzusa6 Feb 6, 2013 3:44 PM Flag

    U.S. Halts Drilling on Gulf Wells With Flawed Bolts

    “On Thursday, January 31, Seadrill announced that it expects downtime in the fourth quarter 2012 to be approximately 100 days due to "BOP issues" on several of its rigs.”

    But it appears that this is not a SeaDrill only BOP problem.
    and I am very impressed with SDRL's transparency: they announced the approximate increase in downtime in an extremely timely manner.
    Wonder if GE will defray some of the bolt replacement costs?

    Feb 6, 2013
    U.S. Halts Drilling on Gulf Wells With Flawed Bolts
    Operators were told to suspend work and replace bolts used by General Electric #$%$ equipment including blowout preventers, according to a Jan. 29 safety alert issued by the U.S. Bureau of Safety and Environmental Enforcement.
    The bolts targeted by regulators are used to connect blowout preventers, tubing and other equipment under water. GE- made connectors are used “in every major producing region of the world, and in every type of offshore environment,” according to GE’s website.

    Sentiment: Buy

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