Drilling on the rise: Eni renews contract with Lloyd's Register (LR) for global rig inspections
February 4, 2019 (Investorideas.com Newswire) Eni has awarded Lloyd's Register's (LR) a new tender. The latest contract is for coverage of rigs contracted by Eni globally for the next three (3) years, and represents a continuation of the strong relationship between both companies since 2007.
Mark Watson, LR's Business Development Manager of Drilling Integrity Services, says: "This contract award with Eni is testament to the high-standard of service we have provided for over a decade. We look forward to working with Eni and other operators as drilling operations continue to increase."
The company is experiencing increased demand for its rig inspection services including rig surveys and crew competency management through to dynamic positioning, drilling systems assessments, BOP and well control surveys.
"Our integrated package of services means we can help operators such as Eni make the right choice of drilling rig from the outset," highlights Watson. "The wrong choice could cost millions if equipment performance is poor. Our technical expertise helps to reduce these risks for Eni right through to the acceptance and operational phase of the project."
During the downturn in oil and gas, a large number of the global drilling rig fleet experienced low or zero utilization, and many were placed in a cold or warm stack waiting for the market to upturn. With drilling activity steadily increasing, operators are also increasing rig inspections to help identify and reduce operational and safety risks caused by fatigued, damaged or previously untested rig equipment and systems. This includes checking the robustness of the rig owners' company management systems.
LR is providing support on a variety of rigs including platform, land, barge, jack-up, semi-submersible and drill ships.
About Lloyd's Register (LR)
We started out in 1760 as a marine classification society. Today, we're one of the world's leading providers of professional services for engineering and technology - improving safety and increasing the performance of critical infrastructures for clients in over 75 countries worldwide. The profits we generate fund the Lloyd's Register Foundation, a charity which supports science and engineering-related research, education and public engagement around everything we do. All of this helps us stand by the purpose that drives us every single day: Working together for a safer world.
In a world of increasing complexity - overloaded with data and opinion - we know that our clients need more than technology to succeed. They need an experienced hand. A partner to listen, cut through the noise and focus on what really matters to them and their customers. Our engineers and technical experts are dedicated to assurance. That means a commitment to embracing new technology, and a deep rooted desire to drive better performance. So we consider our customers' needs with diligence and empathy, then use our expertise and over 250 years' experience to deliver the smart solution for everyone.
After all, there are some things technology can't replace.
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