Comments for How Many People Work on a Drilling Rig? at http://www.cepr.net , comment 1 to 11 out of 11 comments http://www.cepr.net Tue, 18 Jun 2013 18:37:39 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-5999 I feel good to read your blog on the Industrial suppliments The Beaver Tracks Pvt LTd is one of the huge suppliers of Drilling Rig - Dinesh Reddy Tue, 14 Dec 2010 21:08:04 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1210 All way too high as usual. Time to come back down to how it really works! http://connectmooredata.com/2010/06/deep-water-horizon-rig-employment/ - scott Moore Mon, 28 Jun 2010 09:10:09 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1112 Better be consistent. Either the indirect costs count for both BP and Oil rigs, or they should count for neither. http://www.huffingtonpost.com/2010/06/23/kenneth-feinberg-oil-fund_n_622108.html - AndrewDover Wed, 23 Jun 2010 06:57:54 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1101 http://online.wsj.com/article/SB10001424052748704638504575319080942638278.html?mod=WSJ_WSJ_US_News_3 - AndrewDover Tue, 22 Jun 2010 14:15:50 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1100 http://www.lmoga.com/ and click on Economic Impact Analysis of Gulf of Mexico Moratorium which says: "Suspension of operations means roughly 33 floating drilling rigs – typically leased for hundreds of thousands of dollars per day – will be idled for six months or longer. $250,000 to $500,000 per day, per rig – results in roughly $8,250,000 to $16,500,000 per day in costs for idle rigs; Secondary impacts include: • Supply boats – 2 boats per rig with day rates of $15,000/day per boat - $30,000/day for 33 rigs – nearly $1 million/day • Impacts to other supplies and related support services (i.e., welders, divers, caterers, transportation, etc.) Jobs – Each drilling platform averages 90 to 140 employees at any one time (2 shifts per day), and 180 to 280 for 2 2-week shifts [b]Each E&P job supports 4 other positions.[/b] Therefore, 800 to 1400 jobs per idle rig platform are at risk. Wages for those jobs average $1,804/weekly; potential for lost wages is huge, over $5 to $10 million for 1 month – per platform. Wages lost could be over $165 to $330 million/month for all 33 platforms." So a 6 month stoppage is clearly in the billions of dollars. - AndrewDover Tue, 22 Jun 2010 14:13:17 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1099 Louisiana Mid-Continent Oil and Gas Association: [url]http://www.lmoga.com/Economic Impacts of Gulf Moratorium.pdf[/url] - AndrewDover Tue, 22 Jun 2010 14:05:17 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1098 Andrew; That's an interesting link you posted in your comment. When I try to access it, I'm redirected to the Grupo Isastur website, which is in Spanish. Is that what you intended? - Queen of Sheba Tue, 22 Jun 2010 12:58:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1091 http://www.lmoga.com/Economic Impacts of Gulf Moratorium.pdf - AndrewDover Tue, 22 Jun 2010 06:16:21 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1089 waiddaminute- shouldn't they be paying those workers to help in the cleanup?- i find it hard to believe that a large number of them would turn down an interim job for $ and a sense of moral closure- helping to clean up the mess their rich bosses made - frankenduf Tue, 22 Jun 2010 04:22:09 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1083 @izzato: That would a moratorium on new exploratory drilling, i.e. the wells they're working on may or may not be productive at some point in the future. You might as well delete your post. It adds nothing relevant to the conversation. Stupid illiterates. - A guy who can read Tue, 22 Jun 2010 03:09:55 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/how-many-people-work-on-a-drilling-rig/#comment-1081 [quote]The industry has an incentive to exaggerate the impact of the moratorium on workers since it helps to advance its agenda of ending the moratorium.[/quote] Any reporter knows the difference between fixed cost and variable cost, which is taught in all Journalism 101 classes. Fixed cost is incurred regardless of the amount of oil produced, while variable cost changes with oil output and the number of rig workers. When oil rig workers continue receiving wages after the rig is shut down, that means labor cost has been transformed from a variable cost to fixed cost and obviously cannot impact the incentive of the oil industry to exaggerate the impact of the moratorium on workers, since it costs the same either way. This represents progress from advanced regulation known as "Rig Capping", because it treats worker wages the same as income earned by the likes of Robert Rubin, Lloyd Blankfein and Alan Greenspan, that is, much of it is fixed income rather than variable income because it just keeps coming in no matter whether any productive output is produced or not. Stupid liberals. - izzatzo Tue, 22 Jun 2010 02:40:05 +0100