The challenges posed by current deepwater developments demand forward-thinking alternatives to current offshore drilling and production platform solutions. Between 2003 and 2010 upstream commodities (materials, labor etc) have inflated at a normalized annual rate of approximately 14% per year. Deepwater-capable drilling rig day rates have increased more than 300% and new Gulf of Mexico requirements for BOP’s used for floating platform drilled wells also further serve to limit rig selection and maintain higher prices for Gulf of Mexico deepwater drilling. Versabuoy’s  lower-cost platform technology offers timely new development options which can mitigate development risks and improve economic performance.






New Orleans      1111 Engineers Road     Belle Chasse, LA 70037     (504) 392-3200                                                            Houston     11349 FM 529 Road     Houston, TX 77041     (713) 937-3100
Copyright © 2011 Versabar, Inc. All rights reserved. Terms of Use | Privacy Policy