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80% of world oil rig drilling fleet is past retirement a

General discussions of the systemic, societal and civilisational effects of depletion.

80% of world oil rig drilling fleet is past retirement a

Unread postby Starvid » Fri 09 Nov 2007, 04:27:57

So, who manufactures drilling rigs?
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: 80% of world oil rig drilling fleet is past retirement a

Unread postby SILENTTODD » Fri 09 Nov 2007, 04:40:12

I don’t know what the similarities are, but I know the U.S. Navy has been running its Aircraft Carriers for life times of over 40 years. The U.S.S. Kitty Hawk is 46 years old right now and still on active duty.

When my father was in the Navy in the early 60’s the U.S.S. Hornet and Yorktown were considered antiques just because they’d served in WWII;
At that time and they weren’t even 20 years old.

When Nelson took the H.M.S. Victory to Trafalgar it was already 50 years old!
Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan
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Re: 80% of world oil rig drilling fleet is past retirement a

Unread postby Starvid » Fri 09 Nov 2007, 04:51:43

When it comes to miliraty equipment, lifetimes have increased a lot because the pace of innovation has fallen, at least in stuff requiring new hulls, or new tanks or planes.

Just consider the number of tank classes fielded during WW2, or the number of new aircraft classes fielded in the 50's.

Is the same true for oil rigs?

I have no idea.
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Re: 80% of world oil rig drilling fleet is past retirement a

Unread postby mkwin » Fri 09 Nov 2007, 06:29:01

$this->bbcode_second_pass_quote('Starvid', 'S')o, who manufactures drilling rigs?


Transocean and Nobel are two good stocks that supply rigs. Transocean's share price increased 70% this year.
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Re: 80% of world oil rig drilling fleet is past retirement a

Unread postby lawnchair » Fri 09 Nov 2007, 09:07:10

$this->bbcode_second_pass_quote('Starvid', 'W')hen it comes to miliraty equipment, lifetimes have increased a lot because the pace of innovation has fallen, at least in stuff requiring new hulls, or new tanks or planes.

Is the same true for oil rigs?


Rigs have to be more advanced to go to deeper and deeper drill sites (and the drill sites keep getting deeper in, say, the GoM). Other places need more advanced rigs to work in iceberg-risky waters
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