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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Tankship-specific Version of FindaportCD Released

Harbour & terminal information providers, Shipping Guides Ltd, says its latest tanker-specific  addition enables customers to access the most comprehensive port

Navy Unmanned Aircraft Sets the Bar

The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea
,

Finance

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Gibdock Rreputation Rises in German Market

Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.5402 sec (2 req/sec)