Oil and gas service company TEMS International has secured two new contracts for work in the deepwater Gulf of Mexico, the company said on June 11.
TEMS International, which has offices in Houston, Aberdeen and Kuala Lumpur, has been awarded the separate contracts by two Houston-based E&P companies. It won both contracts in recent months and operations are already underway, with each scheduled to last for a minimum of 12 months. Combined the two contracts are worth in excess of $1.2 million.
The independent company will provide its continuous environmental compliance and drilling performance management services on both projects. These services work to ensure that drilling operations surpass the local environmental regulations of specific drill sites and improve the efficiency of drilling operations to reduce waste and costs and lessen the carbon footprint of the drilling asset.
As a result of improving the performance of drilling fluids and reducing waste onboard a drilling asset TEMS International can generate six-figure savings for clients over the lifetime of a well. The scale of savings varies depending on many factors associated with the well.
TEMS International works around the world supporting E&P companies during drilling operations. In addition to its continuous environmental compliance and drilling performance management services, the company offers environmental rig and vessel audits, and drilling performance waste management services.
“On numerous other projects we have achieved substantial cost savings for clients during drilling, in some cases as much as $750,000 per well. The scale of savings varies from well to well and can depend on the solids control equipment and drilling fluids in use and the geology of the well being drilled. Our guidance on environmental compliance prior to and during a drilling campaign also offers peace of mind to clients,” Bill Walkingshaw, TEMS International managing director, said.
“The variance in the oil price is necessitating operators to review all options for improving drilling efficiency, without impacting safety or the environment,” he added.
Recommended Reading
Trio Chairman Robin Ross Named CEO Less Than a Month After Return
2024-07-15 - Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
2024-07-11 - With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
Offshore Guyana: ‘The Place to Spend Money’
2024-07-09 - Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
Pembina Completes Partial Redemption of Series 19 Notes
2024-07-08 - The redemption is part of Pembina Pipeline’s $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term series 19 notes due in 2026.