000 01540nab a2200205 4500
005 20260520001843.0
008 260224s2010 xxu
245 0 0 _aOffshore oil service contracts new incentive schemes to promote drilling efficiency
260 _a
_b
_cjun. 2010
270 _a11/08/2010 ; 11/08/2010
300 _a9 p. ; 220-228
520 _aTranscripción del resumen del autor. Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in the drilling sector. In particular for oil service contracts, since those companies have the most direct control of drilling efficiency. A large variety of contract types are in use, including within the individual oil company. This article describes and analyses the compensation formats utilised in offshore oil service contracts. Changes in contract format pose a number of relevant questions relating to resource management, and the article takes an in-depth look at some of these. Do new incentive elements for drilling promote effective utilisation of scarce rig capacity at an aggregate level, or do they primarily represent a zero-sum game? How will a stronger focus on efficiency influence reservoir utilisation? How do the new compensation formats influence the development of costs in the industry?
581 _a3-4
773 0 _tJournal of Petroleum Science & Engineering
_g72
942 _cARTICULO
100 1 _aOsmundsen, P.
_946353
100 1 _aSorenes, T.
_946354
100 1 _aToft, A.
_946355
999 _c175938
_d175938