TLast week, we showed the results from a LinkedIn poll that we conducted last year, asking how frequently you thought downhole losses were occurring. Here's a reminder of the results below:
- 1 to 10 wells: 22%
- 11 to 20 wells: 29%
- 21 to 40 wells: 19%
- 41+ wells: 30%
We checked these against our database (30 years and counting of information) and have found that drilling losses are becoming more frequent.
- Historical losses: Average 1 in every 30 wells
- Last two years: Average 1 in every 22 wells
Is this surprising? Why do you think this is occuring?
If you're an operator, contractor, or agent, call 214-346-1512 x10 or email cwebb@transpacmgrs.com for a free quote before you send your equipment downhole.
Did you know you can secure downhole fishing coverage through Transpac Managers as part of your risk mitigation strategy?
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Coverage Available for all Tool Types
We've Got You Covered
Have you made your list?
Transpac Managers, Ic. Has seen many types of downhole claims. What are the most common?
When drilling a well, SH@! happens
Are you performing pipeline inline inspection operations and what to ensure that your tools are covered in the event of a loss?
Drilling Losses are Becoming More Frequent
If you are an operator with an active drilling program and want to ensure all your wells are covered from the costs and hassles of downhole tool losses, Transpac Managers is offering an express program for either 100% or 50% coverage. It's easy to apply and most wells are approved within 24 hours. A deposit is only required for the first well. first well No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
