The Stena DrillMAX unit is designed for high efficiency & safety, providing the optimum layout for exploration, appraisal & development drilling; and will be winterized up to Polar Class 5.
“DrillMAX ICE IV brings our total fleet to eight units. Our existing Stena fleet consists of four semi-submersibles, which are active offshore Norway, UK, Angola and Australia,” explains Tom Welo, CEO of Stena Drilling.
Market forces
Stena Drilling’s decision to go into the Arctic was heavily influenced by the fact that oil prices were climbing higher and that new discoveries need to be made. Although the oil prices have since dropped, Stena Drilling is still confidently pursuing its multi-billion dollar Arctic strategy.
“The DrillMAX series you see is able to withstand both extreme harsh and cold environments, and it is also designed to operate in ultradeep waters, worldwide. So our investment is able to cover the areas with greatest potential for our clients in an optimum way. If our clients decide that it doesn’t make economic sense to drill in the Arctic in the short term, then we can still put our Drillmax to work in any of the deepwater fields that are entering the production phase as we speak,” says Mr Welo.
Technological advances
Mr Welo has been the CEO of Stena Drilling for more than a decade. He has been at the helm during an era that has seen rapid technological changes taking place, which have enabled companies to overcome environmental challenges. “Our operations in West Africa and Brazil have advanced hugely in recent years because of technological advancements in drilling techniques. These technologies are exactly what will be needed in the Arctic, which shares similar geology,” reveals Mr Welo.
“There has been drilling in the Canadian Arctic since 1976, ever since the previously Norwegian-owned Canmar Explorer III, sailed from the Victoria Docks after being ice-strengthened. So the expertise has been developed ever since then; really in terms of the utilisation of steel,” says Mr Welo.
Stena has been at the forefront of developing ice-classed vessels for the past two decades. They have several bulk carriers that were built 18 years ago with the express purpose of going on expeditions to the Arctic. We then developed ice-strengthened tankers for the Baltic. We also have the biggest ice-classed Aframax ship ever built.
Adapting to the environment
“We have not chosen to build a ship that can break ice because the moonpool will be full of ice and the cost would be prohibitive. But we have had to invest heavily in thrusters, they weigh 50% more than on the DrillMAX series, as they have to be ice-classed. So the total additional cost of having an entire DrillMAX adapted for Arctic conditions is somewhere in the region of $220 to $240 million.
The working environment in the Arctic is also very different, so Stena has had to take safety into consideration in a different way than with more conventional vessels. DrillMAX ICE will have an ice-classed “hat” on top of the vessel in order to protect the crew from falling ice, often a problem in the Arctic. Additional features also include heated walkways, de-icing equipment and heated hand rails all around the vessel, so that the crew is protected from the cold.
“Now, Stena is using dynamic positioning on our DrillMAX series, a well-proven technology, which replaces conventional mooring systems. Station keeping is maintained by using multiple reference systems including GPS systems and taut wires as necessary, as tests have shown that GPS can encounter black spots in the Arctic.“
Political risk
The Arctic, of course, comes with a whole set of other challenges, in particular political risk, as its geographical area spans the territories of the USA, Canada, Great Britain, Greenland, Denmark, Norway and Russia.
With projects such as the Barents 2020, in which DNV is helping to write rules relating to the Arctic that both Norway and Russia are assisting with, the potential for offshore exploration and production in the Barents Sea will also be realised.
U.S. container ports recorded their fourteenth consecutive month of growth in November, with inbound volumes surging 13.1% year-over-year across the nation’s ten largest ports, according to the latest report from...
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise ship company, has posted record-breaking financial results for 2024, with full-year revenues reaching an unprecedented $25 billion, marking...
President Biden has taken a significant step toward ocean conservation by transmitting the High Seas Treaty to the Senate for ratification, marking a potential watershed moment for marine protection. The...
13 hours ago
Total Views: 575
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
JOIN OUR CREW
Maritime and offshore news trusted by our 109,769 members delivered daily straight to your inbox.
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.