Odfjell Technology, a global player in the upstream oilfield service sector, has recently been awarded a Tubular Running Services (TRS) contract by OMV Petrom. The company has been serving the Romanian integrated oil company continuously for over a decade, and this new contract is expected to strengthen the association between the two industry powerhouses.
Over the years, Odfjell Technology has emerged as a major provider of tubular running, wellbore intervention and drilling tool rental services with a presence in more than 30 countries across Europe, Asia Pacific and the Middle East. The company is trusted by its clients because of its strong track record in safety and efficiency.
During the 4-year contract term, Odfjell Technology will help OMV Petrom achieve increased drilling efficiency and well control using its casing running tool (CRTi). This industry-leading tool can be connected to the rig’s top drive in just 30 minutes and operated remotely from the driller’s cabin.
Casing activity represents just 10% of the drilling process, but more than 50% of lethal accidents on drilling rigs take place during casing running. This is because conventional casing running methods are typically labour and equipment-intensive thus elevating the risk of accidents and non-productive time. The CRTi tool offers a simple, fully mechanized alternative that replaces much of the conventional equipment and personnel spread thus increasing efficiency, improving safety and reducing operational cost.
With a rich history of more than 160 years, Romania was once Europe’s largest oil producer, and still has one of the largest processing capacities in Eastern Europe. According to the US Energy Information Administration, the country recorded a steady production of 72,000 barrels per day in 2020. The long-term association with OMV Petrom makes Odfjell Technlogy a part of this illustrious history.
“This contract is another example of how we are applying our unique capabilities to solve challenges and create successes for our clients,” said Alexandru Gomoescu, Regional Manager for Eastern Europe. “It is a tremendous opportunity for us to further demonstrate how our expertise enables a new generation of advanced oilfield solutions.”