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the drilling  mud and rock cuttings to be  isolated  from the water
           column  and  circulated  back  to  the  rig.  Another  complication  in
           offshore  drilling  is  that,  since  the  sea  is  seldom  calm,  the  rig  is
           constantly heaving and rolling in the swell. Tensioners and motion
           compensators allow the riser and drill string to remain relatively
           stationary, and keep a constant weight on the drill bit while the rig
           moves with the swell. But what of the winds and currents that tend
           to move the rig off the drilling location? It is easy to imagine the
           problems that even a small amount of drifting would cause when
           the drill pipe is extended thousands of metres into the sea bed. The
           industry  has  adopted  two  solutions  to  this  problem.  The  first
           involves an elaborate system of 8 to 12 anchors, each weighing up
           to  20  tons.  Mooring  lines  comprised  of  heavy  steel  chains  can
           extend a mile or more, depending on water depth [4].
                  A  second  system  that  is  being  increasingly  used  is  the
           dynamic  positioning  system  or  DPS.  The  DPS  can  either
           supplement  or  replace  the  anchors  with  a  computer  controlled
           system of propellers or thrusters.
                  Through  an  array  of  motion  sensors,  the  computer  can
           immediately detect any movement of the rig and then apply just
           enough power to the appropriate thrusters to compensate and keep
           the rig exactly on location. This type of system makes it possible
           to  drill  in  much  deeper  water,  where  anchors  would  not  be
           feasible. Wells can now be drilled in water depths exceeding 2000
           metres. Another important advantage of DPS is that it allows the
           drilling  rig  to  quickly  disconnect  the  riser  and  move  off  the
           location  in  case  of  an  emergency  (such  as  the  approach  of  an
           iceberg). As you can imagine, the retrieval of several twenty-ton
           anchors would  be quite time consuming and would require a  lot
           more lead time when making the important decision to leave the
           drilling  location.  The  significance  of  such  a  decision  becomes
           apparent when one realizes that it costs in the  neighbourhood of
           $250,000 per day to operate a rig on the Grand Banks. In this kind
           of operation, any time lost becomes very expensive.





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