THE
EVOLUTION
OF HYBRIDS
ALEX WONG, SHEAR BITS, CANADA
HIGHLIGHTS HOW NEW DRILL
BIT TECHNOLOGY IS IMPROVING
WELLBORE ECONOMICS.
A
lthough the recent slowdown in global drilling activity and the
persistence of reduced oil prices present a tough economic
challenge for many oilfield service companies, the present
condition of the drilling industry also paves the way for innovation
and new ways to improve wellbore economics. More specifically,
in the world of drill bits, there are currently vast opportunities for
small, focused development teams to turn their attention toward
the progression of new technologies, especially as conventional drill
bit designs continue to approach their technical limits in terms of
performance and durability.
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