our supply business had been badly hit and for sure we are unable to carry on with our current business model even when the oil & gas market picks up in another two years or three years. quite certainly, the procurement chain would have to be modified by then; so unless we have the monetary capacity to keep inventory (which is not a wise idea to do even if we have the money), the value of the roles of the distributor or supplier would diminish.
we can't be sitting ducks, i said to my boss. we have to reinvent.
we have to quickly think out-of-the-box and adapt fast. and i say, we should go where everyone else are not going. i am an eternal optimist, sometimes i feel like there's a Gump in me. ya, Forrest Gump. you know, stupid on the inside and stupid on the outside. but surely it takes thick-skins to be a Gump. cos the world is made up mostly of naysayers. ignorance is sometimes bliss. so let me just Gump my way 吧。already the end of the road is in sight, what's there to lose if i try? so i told my boss we should venture into rig preservation. there is money there. multi-millions of money to be made. he was not keen initially. because we don't have the expertise. but i say, what is the harm in trying? so we wrote to an established specialist to partner them. inch by inch we inched our way into a representative contract. inch by inch we're inching our way to go learn how they carry-out the work on board stacked rigs. luckily, i have one colleague who has a Gump outlook too. so the two of us drew some ridicules from others, drew some defensiveness from others, and also some people thought that we were plain naive. but really, they won't be the ones who will give me returns (salary & learning experience), so i don't give a care about their comments really. because now is the best time to be born again. at this stage of my career, it is either we die or we make it. we don't want to survive and then wait to die. (after market picks up, the industry will not be the same again. buy patterns change, buying methods change, and we can't be selling the same drilling equipment we've sold for the past 11 years because the world is flooded with too many rigs sitting in cold storage, nobody will buy new, expensive, drilling equipment for the next 5 or more years, or forever, who knows!).
we want to survive and then thrive. hence, in preparation for the on-the-job observation of rig preservation work, i went to take the shipyard safety instruction course earlier this week. we need to have permits to enter the yards. my oh my, the shipyard is a very hazardous work place! no wonder the workers are paid more. but still, money aside, we must have good safety habits ingrained in everyone, every day.
Nobel Drilling- Max Smith
is coming to town
see you soon, Max Smith, see you soon.
Jack jump over the candlestick.
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