Comparing the spud date to the date the total depth is reached, also referred to as spud to TD, can help compare operations of one drilling company to another, as well as improvements in a company ...
In oil drilling, the spud date is when a machine capable of reaching total depth begins drilling a new well. This process is also known as spudding in. Before a company can begin extracting oil from a well, they first need to drill a surface hole and fill it with concrete.
To spud comes from the Middle English word, "spudde" meaning a short knife. In oil drilling "spudding" means the very start of drilling on a new well. Check out Infoplease's oil spill glossary, written after the 2010 Gulf of Mexico Oil Spill. In addition, the American Petroleum Institute offers the ...
StatoilHydro (NYSE:STO) describes "spud fever" as the moments of anticipation preceding the spudding of a new well. A well's spud date marks the starting point from which you measure how long it ...
spud begin date (mm/dd/yyyy) spud end date (mm/dd/yyyy) county
Tower Resources sets Cameroon well spud date as it works to secure funding. AIM-listed, London-based, oil firm Tower Resources hopes to spud its NJOM 3 well offshore Cameroon in the last week of May. The company is in the meantime working on securing the funds both for the well and for the Njonji field development.
To apply weight to a troublesome drilling section, usually by moving the drilling string up and down, in hopes that the section will drill faster.
“Eco Atlantic confirms that the contract with Stena secures the rig for transport at the end of May, targeting a June 2019 spud date. Further, the agreement also defines a window for a second well on the Orinduik Block, which would be drilled after the Jethro-Lobe well has been drilled.
Define spud. spud synonyms, spud pronunciation, spud translation, English dictionary definition of spud. n. 1. Informal A potato. ... "The well was spudded in April" drill, bore - make a hole, especially with a pointed power or hand tool; "don't drill here, ... up to date, and is not intended to be used in place of a visit, consultation, or ...
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