Bud's Offshore Energy (BOE)

I’ve been saving  this interesting comment from the CEO of the company that drilled the successful rescue well. Now that the miners are being rescued and we can smile, I’ve pasted it below 🙂

The pressure really started to build. We’re not used to drilling for people. Andrew Schmitt, CEO, Layne Christensen Co.

Here is a little information on the rescue well:

The Layne-Geotec team worked carefully, starting with a 5-inch hole dug through 2,300 feet of the hard rock until they broke through. From there, they made another pass, this time expanding it to 12 inches. Finally, with a third pass, they increased the hole to the 26 inches needed for the rescue capsule, all the while concerned about a collapse. They finished the job in 33 days, well ahead of predictions.

Comment: In the past year, we have seen the tragic consequences of a drilling operation that went awry.  We have also seen the industry’s technical precision demonstrated in drilling the Macondo relief well and have watched drillers save lives in Chile. Regardless of how you feel about drilling, the intentions are good – to find and produce commodities that are in much demand (typically oil, gas, or freshwater) , and to make a return on your investment.  The challenge is to minimize the safety and environmental risks associated with these operations, and to do so consistently, effectively, and efficiently.

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