Good News for Doyon Drilling
In early October, ConocoPhillips announced it signed a contract with Doyon Drilling, Inc. (DDI) to build a new Extended Reach Drilling (ERD) rig.
This specialized rig will be able to drill to 33,000-plus feet, compared to the 22,000-foot reach of current rigs. The area that can be developed at a drill site could reach as much as 125 square miles. Use of the ERD rig will minimize environmental impacts by decreasing its development footprint.
“The new ERD rig is good news for ConocoPhillips and for the state. Despite the current challenges facing our industry, we are planning for the future and pursuing new development opportunities,” said Joe Marushack, president of ConocoPhillips Alaska. “Adding the ERD rig to our fleet on the North Slope is a potential breakthrough event. It could enable increased oil production by reducing the cost of developing economically challenged or previously unreachable resources.”
The contract for the new ERD is the second new-build drilling rig ConocoPhillips has contracted with Doyon since the passage of SB21 in 2013. DDI’s Rig 142 was contracted in 2014, built in 2015 and went into commission this year.
“Doyon is proud of the contract to build an ERD rig for ConocoPhillips Alaska,” stated Doyon President and CEO Aaron Schutt. “The addition of this rig to Doyon Drilling’s fleet means more jobs and more opportunities for development. This is great news for Doyon’s shareholders and Alaskans.”
The ERD rig is scheduled to begin drilling in 2020.
In other DDI-related news, ConocoPhillips Alaska announced in late September that it set a new drilling record at drill site CD5. Rig 19, which is part of DDI’s fleet, drilled a horizontal injection well that is almost five miles long or 26,196 feet in length.
For more information on DDI, visit www.doyondrilling.com.