Rise in demand for rental equipment for offshore drilling projects predicted

Paul Boughton

As confidence in the economy returns and discussions on the introduction of a new industry regulator to help revitalise exploration progress take place, Aquaterra Energy is forecasting a rise in demand for rental equipment in the oil and gas market.  

Products expected to be in particular demand include Aquaterra Energy’s heavy-duty H4 subsea connectors, which boast exceptional bending capacity – making them suitable for most offshore operations. The company also predicts a surge in demand for its NT2 surface connectors, which are used to minimise rig time for riser applications, providing the connection between the rig BOP and the surface riser tension joint.

Eric Doyle, regional director – Europe at Aquaterra Energy said: “The availability of high-specification, field-proven shallow and deep-water equipment from stock provides a cost-effective solution for oil and gas companies needing to progress drilling programmes efficiently. 

“Time and budget are always of primary concern for offshore projects and the option to rent products off-the-shelf provides an instant solution with minimum capital exposure.”

Aquaterra Energy’s H4, NT2, Speedloc and Fastlock connectors are available from stock to rent on their own with a suite of running and operating equipment, or as part of a complete high-pressure riser system.

Doyle added: “However clients choose to purchase equipment – whether they’re renting from stock or commissioning our team for the full scope of design and production – we have a trained team of offshore technicians and a full array of installation equipment to deliver offshore operational support.”