Offshore drilling is one of the most expensive endeavors in the energy industry, with rig day rates often around $500,000 per day or more. This means that every additional day spent drilling significantly raises the well’s cost. The opportunity here is to employ faster and more efficient drilling techniques to minimize rig time on costly offshore projects. Whether it’s drilling for offshore geothermal prospects or ultra-deep oil and gas wells, technologies that accelerate penetration rates or eliminate time-consuming steps can save operators millions. Complex offshore wells (for example, deepwater or subsea wells) often face slow progress due to hard formations, high pressures, or the need for multiple casing strings – speeding up these operations would yield outsized economic benefits.

Consider pre-salt wells in Brazil, which historically were extremely time-intensive due to thick salt layers and technical challenges. When considering a 60-day well construction, 20% time reduction is worth around $12 million of total costs. In another scenario, a Middle East (UAE) offshore project with high rig rates would similarly benefit from time savings. GA Drilling’s innovations avoid an extra trip and accelerate penetration rates which directly translates into hundreds of thousands of dollars saved per day.

Consider pre-salt wells in Brazil, which historically were extremely time-intensive due to thick salt layers and technical challenges. When considering a 60-day well construction, 20% time reduction is worth around $12 million of total costs. In another scenario, a Middle East (UAE) offshore project with high rig rates would similarly benefit from time savings. GA Drilling’s innovations avoid an extra trip and accelerate penetration rates which directly translates into hundreds of thousands of dollars saved per day.