Abraj Energy Services’ Post

Does a multiple product line OFS company have a better chance of winning work in the US than a one-service company? Not really, although it sort of helps if you are Halliburton selling cementing services to the majors. In US Land HAL has 29% of the cementing market and 23% of the frac market. But if HAL is providing the CEMENT to an operator, almost 50% of the time that operator will also hire HAL for FRAC. However, this relationship does not hold true in reverse. If HAL is the FRAC service provider for an operator, 30% of the time they also provide CEMENT. So if HAL is providing CEMENT to a customer, they double their chances of also getting the FRAC work. But if HAL is providing the FRAC work for a customer, there is no apparent pull through for CEMENT. As my team has always said, in the US it doesn't hurt to have multiple product OFS lines...but it doesn't help much either.

About a week from now Spears & Associates will start sending out our quarterly reports on a couple dozen oilfield service and equipment markets. Cementing is my responsibility (I was once upon a time a moderately skilled cementer for Halliburton in what is today called the SCOOP/STACK). This particular report will show that the two US Land market leaders - HAL & SLB - focus on the largest, most active E&P companies...a fact that we all know, but here's the math: 15 E&P companies represent HALF the spending on cementing services this year (EOG, Exxon, Chevron...). Of these top 15 customers, HAL + SLB win 70% of their cementing work. Of the next 1000 customers HAL + SLB win 45%. As the top end of the E&P world consolidates, SLB + HAL cementers will benefit. PS: Each cementing service company has excellent cementers and engineers and we think that most cementing service companies have the people and the equipment to cement the toughest of horizontal wells. The differentiation is this: SLB and HAL are particularly good at working inside the major oil companies' operations and procurement groups.

Offshore Life Cementing Operations #cementing #pumping

Cure severe to total losses while drilling >> https://bit.ly/3UN5twF Introducing the latest solution to our lost circulation solutions portfolio - SentinelCem™ Pro cement system. The solution simplifies mixing operations and helps facilitate more efficient rig operations. “Lost circulation is the main contributor to costly nonproductive time (NPT) in well construction,” said Matt Lang, vice president of Cementing, Halliburton. “SentinelCem Pro cement safely pumps through the bottom-hole-assembly to help customers quickly address lost circulation events and reduce NPT.” https://lnkd.in/dGdejibd

Water Wells 101 - Where does my water come from? - JKA Well Drilling & Pumps Where does your water come from? Many well owners don't even know how their water system and source works. Water wells explained here!

Drilling muds are actually the life blood of a drilling system, then the oilfield chemicals are the erythrocyte of the drilling muds.

Another Milestone Achieved By FWO at Diamer Bhasha Dam site by Successful drilling and Installation of Tendons along Left Bank Power Intake Tunnel inlet Portal.

From our visit to Jo Petrol (Jordan Petroleum Refinery) in Zarqa - Jordan, it was an exciting experience! I learned about the Asphalt Production Process in the Refinery. I was also curious about the different sections of the Refinery and the purpose of each department. One topic that caught my attention was how the Refinery establishes a system to minimize waste in the production process. #JoPetrol #RefineryVisit #AsphaltProduction #ZeroWasteEfforts

Dive into the depths of well cementing challenges and solutions! Our video unveils the most common hurdles encountered in the process, along with effective strategies to conquer them. From tackling gas flow to mastering mud displacement efficiency, we've got you covered! Gain valuable insights into gas flow management, zonal communication optimization, stimulation stage communication enhancement, cement failure prevention and more. Equip yourself with the knowledge to overcome these hurdles and pave the way for successful well cementing. Watch now and elevate your cementing game! Watch today: https://lnkd.in/dc3Q52xj #OilAndGas #Cementing #OilfieldEngineering #Drilling #PetroleumIndustry #EnergySector #TechnicalSolutions

Our Offshore Basket solution is just one example of how we bring unparalleled value to our clients.