Collaboration a Central Theme for Newpark Drilling Fluids at OTC 2014
Focus on Drilling Fluids Proves to Be a Key to Cutting Costs and Driving Efficiency
HOUSTON, April 16, 2014 – In line with this year’s “Come Together” theme at the 2014 Offshore Technology Conference (OTC), Newpark Drilling Fluids (NDF), a unit of Newpark Resources, Inc. (NYSE: NR) will showcase its full range of drilling fluids technologies, capabilities, and its best-in-class service platform – a portfolio of products and services that helps operators, engineers, and company leaders collectively derive the highest efficiencies and greatest net present value from their drilling operations.
The conference, returning to Reliant Park in Houston, May 5-8, brings together industry leaders from all corners of the Oil & Gas industry. Operators looking to enhance drilling efficiency, while also minimizing their environmental footprint, can learn more about the benefits of working with a dedicated drilling fluids partner. Newpark will be exhibiting in Booth 7652.
At OTC, oil and gas service companies and equipment manufacturers will jointly feature leading-edge technologies designed to empower operators in the pursuit of untapped resources. The spirit of collaboration is more important than ever, as the growing complexity of operations continues to drive an escalation of service and supply costs. In an effort to maintain profit margins, oil and gas companies seek new ways to keep mounting expenses at bay. This requires partners from all aspects of the industry to come together and create greater efficiencies that help the bottom line.
With its commitment to service excellence and innovation, as well as its global reach, Newpark has proven itself in the realization of cost savings from drilling fluids. Operators who collaborate with Newpark gain a partner that is solely dedicated to helping customers get the most out of their fluids programs, while integrating seamlessly with the other aspects of a given drilling project.
“In the face of current challenges faced by operators, we see tremendous opportunity to move the industry forward with innovations that drive efficiencies to new highs,” said Phil Vollands, President, North America, Newpark Drilling Fluids. “Newpark strives to work with operators and other service providers to deliver added efficiencies, and we’re committed to developing new technologies – like the patented EVOLUTION® fluid system – that open additional avenues for both cost savings and environmental stewardship.”
No advancement underscores this commitment more than the construction of Newpark’s new Technology Center, which opened in Q4 of 2013. This center houses the world’s most advanced drilling fluids R&D facility, where Newpark tirelessly innovates to create cutting-edge fluid technologies that enhance drilling performance.
Newpark is also committed to establishing new infrastructure for the distribution of drilling fluids in emerging oil and gas fields. Newpark recently coordinated a global-scale operation to construct two new drilling fluids plants in Romania in service of a supermajor operating in the Black Sea. To date, these are the only two plants currently servicing deepwater operations in the region.
“Newpark leads the field in drilling fluids service and technology, and we’ve helped operators save anywhere from 10-25 percent on their drilling AFEs – providing a return on investment that can reach as high as 200-500 percent,” added Vollands. “Best of all, these performance and cost benefits can be realized while using a fluid system that is more environmentally friendly and easier to dispose of than conventional oil-based fluids. We look forward to the opportunity to come together with everyone at OTC and show the industry the value we offer.”
To learn more about the Newpark Drillings Fluids and its EVOLUTION Fluid System, visit http://www.newpark.com/.
About Newpark Resources
Newpark Resources, Inc. is a worldwide provider of drilling fluids and temporary worksites and access roads for oilfield and other commercial markets. For more information, visit our website at www.newpark.com.
About Newpark Drilling Fluids
Newpark Drilling Fluids is a service-driven provider of customized and integrated drilling fluid solutions. Its history of global technological breakthroughs and on-the-ground expertise continues to drive customer success around the world. For more information, visit www.newpark.com and www.newparkdf.com.
Media Contact:
Heath Fradkoff, ABI
+1 212.529.4500
