Athens Group Reports Record Year

Friday, February 20, 2009

Athens Group, an independent consulting company that specializes in software-related risk mitigation and problem remediation for drilling and rig control systems, announced a 66% increase in year-over-year sales during 2008 and a significant increase in booked business for 2009.

New customers included Stena Drilling, Ocean Rig, Eni/Saipem, Total Nigeria, Encana, Anadarko and Nexen Energy.  Repeat customers included Transocean, BP, Maersk Drilling, Total, Parker Drilling, Ensco, Repsol and Hydril. This customer activity indicates a strong understanding of the benefits of Drilling Technology AssuranceSM Services (DTA).

“Drilling contractors and operators are too often forced to take rigs before they are really ready,” said Mike Haney, CEO at Athens Group. “The combination of demand exceeding supply, immature drilling software systems and engineering processes, and a shortage of qualified software engineers in the industry has resulted in longer schedule delays and a greater number of costly equipment failures. Some of which have resulted in safety incidents. Our customers rely on us to help them ensure that they are doing everything possible to reduce the costs associated with non-productive time and to safeguard their workers and the environment.”

The number of semi-subs and drillships scheduled to be delivered in 2009 (33) and 2010 (24) is three and two times greater respectively than the number delivered in 2008 (11). Add to that an additional 36 and 25 jack-ups scheduled for delivery in 2009 and 2010 versus 23 in 2008, and the many vessels being built for the Marine industry. With this increase in volume, shipyards will be even more hard pressed to keep their deadlines, making schedule delays and equipment failures more likely.

As a result of the company’s continued growth, Athens Group is currently searching for candidates for DTA Services consultants to assist industry-leading customers in reducing software-related equipment failure and non-productive time on their automated rigs. Resumes should be sent to careers@athensgroup.com.

Athens Group helps drilling contractors and operators improve operational performance, reliability and safety by helping to prevent software-related equipment failures. Our Drilling Technology Assurance SM (DTA) Services were developed specifically for highly integrated rig and Drilling Control Systems and have been proven to mitigate risk and remediate problems in all phases of a rig lifecycle.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Free Boat from Ice Near Woods Hole

A Coast Guard crew responded to a fishing vessel trapped in ice in Woods Hole Passage, Woods Hole, Massachusetts, Saturday. At about 3 p.m., the crew of the fishing boat Capt.

Tug Boat Owner Jailed After Crew Man Dies

A tug boat owner was today was given an 8 month custodial sentence after his crew member died trying to reattach a tow line in a violent storm. During today’s hearing at Southampton Crown Court,

COMPIT to Showcase Smarter Ships, Systems & Solutions

The 14th International Conference on Computer and IT Applications in the Maritime Industries (COMPIT) will take place from 11th to 13th May 2015 in Ulrichshusen, Germany.

Finance

Indian Ports to Set Sail on Corporatization

Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.

Zvezda Shipyard Comes Up Despite Western Sanctions

German and Finnish partners continue to build Russia’s Far Eastern “Zvezda” shipyard for Arctic oil exploration ships, in spite of Western sanctions, reports Sputnik.

ADB Okays $30mln for Pak LNG Terminal

The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1594 sec (6 req/sec)