After the forced suspension of drilling and well shut-ins, the global oil industry now faces another challenge: production outages resulting from delays in regular repairs caused by the supply-chain disruption courtesy of the coronavirus pandemic. “When the virus and the quarantine measures have been eased and it is safe to get back to work, it doesn’t mean the same work can be done with the same intensity because the weather windows could be missed and that can push maintenance even to the next year,” says Rystad Energy’s VP of Oilfield Services, as quoted by Reuters. Such delays could be risky for exploration and production companies, but it might be even riskier for oilfield service providers: for them, long delays in work mean long delays in vital revenues. These averaged $80 billion between 2015 and 3019, according to Rystad Energy. The problems range from a lack of components that need […]