Careful planning when stacking rigs can preserve assets, ease startup

One of the grim realities the industry is facing as a result of low oil prices is stacking rigs, possibly for the long term. If companies stack their rigs with a detailed plan, they will be better positioned to restart them when the market rebounds, said Chip Keener, President of Rig Stacking Solutions, at the 2015 IADC Asset Integrity and Reliability Conference in Houston on 17 September. In this exclusive video, Mr Keener shares his expectations for further offshore stacking in this cycle, as well as key issues companies must consider prior to stacking to ensure a successful restart.