Offshore Network: American Petroleum Institute (API) Discuss Coiled Tubing Risk In The Gulf of Mexico

Houston, USA (PRWEB UK) 28 July 2014

Last week Roderic Stanley, co-chair of the API Resource Group for Coiled Tubulars, unveiled critical risks facing the coiled tubing market that urgently need to be addressed.

As the US is the world's largest user of coiled tubing services with a global market share of almost 50%, avoidable tubing failures and overruns have developed into a billion dollar issue for the industry.

Mr. Stanley explored new methods that GoM operators and well service companies can adopt to identify and mitigate this coiled tubing risk, including

• Updates on new recommended practices and standardized approaches for coiled tubing operations that will increase project efficiency and profitability
• How to identify critical coiled tubing risks that have led to multi-million dollar failures in the GoM so you can mitigate reliability issues on your future programs
• An analysis of new coiled tubing technology for deeper and harsher environments and the role this has to play in your deepwater intervention campaigns

Mr. Stanley's findings have been compiled into a brief report you can access here: http://bit.ly/coiledtubing3.

This information demonstrates the best practice approaches to current and impending coiled tubing risks, helping operators and contractors to plan a more effective well intervention campaign.

If you have any questions or feedback on the topic please contact Tommy Angell on the below details.

Tommy Angell
Director | Offshore Network Ltd.
t: +44 (0) 203 411 9184 | e: tangell(at)offsnet(dot)com

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