Nabors works to keep safe environment

Posted: Thursday, March 21, 2002

Safety, growth and cooperation. Those were the themes discussed Tuesday by Jim Denney, president of Nabors Drilling.

Denney's remarks came at the monthly meeting of The Alliance oil industry support group held Tuesday at Paradisos restaurant in Kenai. Denney spoke about his company's investments and history in Alaska. He stressed that Nabors is most strongly committed to running a safe and environmentally friendly operation in Alaska.

"Our safety record this year is better than it's ever been," Denney told The Alliance.

He said Nabors is one of the industry leaders in safety and is taking steps to improve on its already solid safety record.

He also highlighted his company's desire to run an environmentally sound drilling operation.

"The number one most important thing in our business is the environmental side of it. We put an environmental system in place we think is equal to anybody's," he said.

Denney noted the high environmental standards in place in Alaska. He compared working in Alaska with his previous assignment in the North Sea.

"I've seen nobody who has been as pro-environment as our customers in Alaska. The other places I've been have been much more pro-development," he said.

Denney told the group that his company is currently operating 21 oil rigs across the state of Alaska, including three in Cook Inlet. Denney stated the importance of the Kenai Peninsula to his company's strategy for long-term growth and development. He pointed out that Nabors recently finished drilling an exploratory well with Phillips Petroleum in Cook Inlet. That kind of cooperation is what Nabors strives for, Denney said.

Denney noted in his remarks that Nabors is one of the fastest growing companies in the industry.

"We've grown by tenfold in the past 10 years," Denney said.

He says much of that growth is due to continued exploration in Cook Inlet, and he expects that to continue.

"We're very optimistic on Cook Inlet for oil and gas exploration and development," Denney said.

He also praised the quality of the existing workers on the peninsula.

"The peninsula has a great work force. We love working with the people down here," he said.

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