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Among Survey Participants:Rig Demand Down QTQ [See Question 1 on Statistical Review]. Seven of the eight respondents said that demand had dropped in 1Q15 vs 4Q14 and all but one blamed lower oil prices for the slowing. One respondent that had seen a slowdown in demand said it was because they had finished all of their completion work. The respondent who had not seen an effect on demand said that their work was steady, but they were hearing of others slowing down.Mid-Tier Well Service Manager: “We are seeing demand slow for rigs and prices are being reduced. Operators are asking for 20% reductions, some are asking for 30% and they may get it. The greater reductions will be from people who are local because they don"t have the overhead expense. The service won’t be as good. On average, operators may get 15% of that 30% they are seeking in reductions.”

Number of Rigs Sufficient [See Question 2 on Statistical Review]. Six of the eight respondents said that the workover rig inventory is excessive for the current demand, while two said that it is sufficient but tipping toward excessive.Mid-Tier Operator: “Operators here are basically focusing on the higher production wells and going to ignore the lower ones. We have heard companies are laying down workover rigs. One company is going from 17 to 13.”

Well Service Work Weighted Toward Standard Workovers and Routine Maintenance [See Question 3 on Statistical Review]. Among all respondents, standard workover work accounts for 34% on average, routine maintenance accounts for 34%, plug and abandonment (P&A) accounts for 16% and completion work accounts for 16%.Mid-Tier Well Service Manager: “Our work slowed because we finished our completion work so the client gave us some production work to keep us steady till we finish this fracking job.”

Hourly Rates Consistent Among HP Series [See Question 5 on Statistical Review]. Most workover rig horsepower falls within the range of the 500 series. The 500 HP hourly rates average $310 to $400/hour depending on what ancillary equipment is contracted. See Table II for Average Hourly Rates.

Hart Energy researchers completed interviews with nine industry participants in the workover/well service segment in areas of the Rocky Mountains outside of the Bakken Shale play. Participants included one oil and gas operator and seven managers with well service companies. Interviews were conducted during January 2015.

3. Looking at your slate of well service work - on a percentage basis - how much of it is workover vs. routine maintenance vs. plug & abandonment (P&A) vs. completion work?

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Today we"ll take a look at oil rigs and how they work - everything from the economics of spending hundreds of millions on building to a rig, how they move, what life looks like on the rig, and the sheer size of these structures. We have some great videos and a lot of fun facts to uncover. Let"s go!

Oil location has a large impact on the cost to extract. Oil can be found anywhere from the middle of a field where the installation of oil derricks is relatively easy to the middle of the ocean where a huge oil rig platform is needed with a 24/7 crew. The investments needed to get the oil out of the ground and processed are still dependent on the current price. The graph below shows how the price of oil matches with the production.

So, given the cost, why would a company build an offshore oil rig that costs up to 20 times more than an onshore drilling rig? With an average price tag of $650 million, offshore drilling is an expensive proposition. Well, as good places to drill on land dry up or are already being tapped, people turn to the ocean. There is a lot of oil beneath the ocean floor, so the higher startup cost offsets the long term return. Bigger rig, bigger investment, and more oil in your barrel.

Where are these rigs set up? Usually drilling locations are chosen near where other rigs are already drilling such as the Persian Gulf, Gulf of Mexico, or the North Sea. How do they pick the exact spot? Geological surveys and satellite images are used to find the best specific location. Once a rig is on location, it doesn"t have to stay there. If the oil in a well runs dry or the rig needs maintenance, offshore oil rigs can actually travel to different locations. Initially, offshore rigs are towed out to sea and installed, but many people don’t realize that the huge rigs they see out in the ocean are mobile. Common reasons for the rigs to be moved are to go to a new location or simply to be brought back to shore for maintenance. For the most part though, they stay in one place for years at a time. If they aren’t drilling, they aren’t getting oil!

In the video below, Scarabeo 9, a large, semi-submersible rig built by Saipem is crossing the Bosporus Strait. It’s destination? A shipyard where it will get maintenance for future jobs. In the video you can see it passing under 3 bridges, just barely clearing the last one!

Some offshore rigs are anchored to the bottom of the ocean while others use dynamic positioning to stay in place. Dynamic positioning uses very high tech computer algorithms to control thrusters that keep the vessel on location. The vessel"s navigation, power and control systems are all integrated, helping the vessel stay stationary in changing weather conditions. This is where OneStep Power comes in - we test dynamically positioned DP2 and DP3 vessels for safe operation with our proprietary GVRT and DCShortCUT technologies.

Workers generally work 12 hours on and 12 hours off for 2-3 weeks while on board, then take 2-3 weeks off shore-side. The journey is usually via helicopter. These trips back and forth have created an entire industry of helicopter companies with hundreds of choppers travelling to and from offshore rigs. The North Sea oilfield is just off of Aberdeen, Scotland, where a small regional airport is the world’s busiest heliport, or helicopter airport. At least 100 helicopters take off each day on trips to the platforms in the North Sea.

Although people are transported via helicopter, supplies are transported via supply vessels that run to the platforms and back to shore. The oil from the rigs is usually transported to shore via an undersea pipeline. With hundreds of rigs offshore and all the air, water, and undersea travel, you can imagine that Aberdeen is a busy place!

On the rigs, there are four main categories of jobs: production, maintenance, and service. Production workers are involved with the production of oil directly, while maintenance workers upkeep the platforms. Service handles the care of the workers such as cooking, cleaning, or medical service for the rest of the crew. Anyone working on the rig in an offshore capacity typically makes more than an onshore worker. Therefore, as many people as possible work onshore communicating with the workers on the rig who are mostly operational.

How big are these rigs? In photos, oil rigs appear to be a small platform, or maybe even a large building. They’re miles off shore, oftentimes too far to see from land. If you are able to see a rig in person from the shore, it probably looks like a tiny speck on the horizon. These rigs are actually more like a small town than the small platform they appear to be.

Above is a photo of Shell’s Olympus oil rig that operates 130 miles off the coast of New Orleans. At quick glance, it looks like a small rig. Take a closer look, and you might think there are 3 or 4 stories, larger than you originally thought. Olympus is actually 40 stories tall, about 406 feet! It weighs over 120,000 tons (more than 300 Boeing 747 Jumbo Jets) and is home to a crew of 192 people. It sits 3100 feet above the sea bed, connected with steel pipes.

With almost 200 people on Olympus, it’s good they have 346,000 square feet of deck space. There are no windows because the rig needs to be able to withstand the hurricanes that frequent the Gulf of Mexico. To get to work, crews make a one hour helicopter ride and spend two weeks a time on board. Being away from family and friends can be tough, but it’s like a hotel at sea, with TV’s, games, and a gym. Everyone from galley hand to ballast engineers work together to keep the rig running. Through their efforts, up to 100,000 barrels of oil per day are pumped up from 18,000 feet below the seafloor, processed, and sent another 82 miles to shore.

The rigs offshore can be floating, tied to the ocean floor, or a fixed, basically a huge undersea tower. The tallest undersea tower is the Petronius, approximately 2000 feet, or 600 meters off the ocean floor. It’s the tallest freestanding undersea structure in the world. Petronius was the tallest freestanding structure until theBurj Khalifasurpassed it in 2009.

Right now, the answer is no, due to oil prices in the $20-30 per barrel range. Offshore rigs are expensive to run and at low prices and low demand, it makes more sense to reduce offshore output and get oil from onshore sources. In short, onshore production is more flexible. However, in the longer term oil prices will likely even back out and offshore drilling will be productive. A second cost that is not often factored in is oil spills. Offshore production can result in serious disasters like BP’s Deepwater Horizon oil spill and subsequent clean up. This additional risk for low reward has resulted in flat growth in offshore oil in the last 15 years.

Overall, oil production is relatively flat over the last 20 years, and is likely to stay at this rate. With the complexity and cost of offshore rigs, expect continued upkeep and new rigs coming online as old rigs are retired.

This article was written with a lot of content from “VIDEO: How Offshore Oil Rigs Work” at gCaptain. You can see the original video “How Offshore Oil Rigs Work” byWendover Productions. Please check them out at the links above. Wendover has many videos on how the world works on everything from aircraft carriers to Coronavirus problems.

Maersk Drilling"s four newest rigs have been custom-designed to set new industry standards within the category of 350 ft. jack-up rigs. Compared to standard jack-ups, they operate with increased efficiency and incorporate a host of improved technical capabilities. This allows for faster drilling processes, faster in-field rig moves and many other operational advantages. The high efficiency rigs brilliantly reflect our strategic commitment to developing advanced equipment and move boundaries within the offshore drilling industry.

Blue Marlin is the largest cargo transport ship in the world. It can carry up to 75,000 tonnes, measures 712 ft long and 138 ft deep, and has a deck the size of two football pitches. The deck is submersible and can be lowered 13 meters under the water"s surface. The cargo is then floated into position before the deck raises by emptying its ballast tank. Blue Marlin set a record when it delivered the world"s largest offshore structure, BP"s Thunder Horse oil rig, to Mexico from Korea. Its next voyage will see it carry an aircraft carrier from Spain to Australia.

An oil platform, also referred to as an offshore platform or, somewhat incorrectly, oil rig, is a large structure with facilities to drill wells, to extract and process oil and natural gas, and to temporarily store product until it can be brought to shore for refining and marketing. In many cases, the platform contains facilities to house the workforce as well.

An offshore platform, also referred to as an oil platform or oil rig, is a lаrge structure with facilities to drill wells and extract and process oil and natural gas and export the products to shore.

Special Well Action Team- Supervisor requirements: Qualifications: BS Degree 07 years" experience in Drilling and workover foreman position (LAISONMAN) included 05 years as senior Gas/OIL foreman. ...

Title: Tool Pusher Department: Operations - Offshore Reports to: Rig Superintendent Location: Offshore Drilling Rig REQUIREMENTS: Commitment to HSE Enthusiasm to build a new company with cultural diversity ...

Seeking experience Rig Clerks with at least 3 years of experience. Land and Offshore. Drilling/Completions/P&A/Workover. It is understandble if you did not work as a clerk during the pandemic. WellView, ...

Title: Assistant Driller Department: Operations - Offshore Reports to: Driller Location: Offshore Drilling Rig REQUIREMENTS: Nine (9) years experience in drilling and workover operations, or a demonstrated ...

Title: Driller Department: Operations - Offshore Reports to: Tool Pusher Location: Offshore Drilling Rig-Saudi REQUIREMENTS: Commitment to HSE Enthusiasm to build a new company with cultural diversity ...

Bachelor of Science in Petroleum Engineering or other Engineering discipline To monitor, control, and support drilling and workover operations on a 24 hours a day basis based on supervisor direction. ...

With access to Enverus, you can identify new sales leads, plan visits to drilling rigs, determine market share, identify exploration trends, find available rigs, identify new production, monitor competitive activity or define sales territories. Our survey team talks with hundreds of specialists each week to verify our data as well as ensure it is fresh and as detailed as possible for your use.

Oct 8 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers to return to the wellpad.

The combined oil and gas rig count, an early indicator of future output, rose five to 533 in the week to Oct. 8, its highest since April 2020, energy services firm Baker Hughes Co (BKR.N) said in its closely followed report on Friday. , ,

Amazingly those higher natural gas prices have not yet prompted drillers to start looking for more gas. U.S. gas prices rose to their highest since 2008 earlier this week, up over 120% so far this year, but the gas rig count was still lower than it was in July.

"Natural gas has been trading above $4.00 (per million British thermal units) since the end of July, but not one producer felt they should sink one rig this week," said Bob Yawger, director of energy futures at Mizuho in New York.

Global oil producers have begun shutting down their oil rigs on the largest scale in 35 years as the coronavirus continues to drive market prices to their lowest level since 2002.

The latest price plunge came after Saudi Arabia denied it was in talks with Russia over a truce in the oil price war which earlier this month triggered the fastest oil price crash since 1991.

US oil producers shut 40 rigs last week alone, according to a review from engineering group Baker Hughes, the biggest one-week drop since the last oil market downturn battered the US shale industry in 2015. The weekly oil rig count is down 24% from the same week a year ago when 816 rigs were active in the US.

Jeffery Currie, the global head of commodities at Goldman Sachs, said the mothballed oil wells may fail to restart as quickly as the economy recovered from the “coronacrisis”, or at all, which could trigger “a very quick risk reversal towards oil shortages” and cause oil prices to more than double again by next year.Share your story

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Germany-based Max Streicher completed its first-generation vertical directional drilling rig through subsidiary Drill Tec in early 2005. This video shows the rig’s pipe handling system.

Norway-based TTS Sense aims to use technology developed for offshore packages in the land drilling market. This video shows a TTS Sense rack and pinion rig built for Ability Drilling.

While designs vary, rack and pinion rigs can both pull and push, utilizing thrust, not gravity. Because no wire is used, a direct connection between the hoisting system and the vertical movement of the drillstring is established, offering accurate positioning and control of the drillstring along the well path.

The rigs can be easily mobilized, require fewer personnel to operate, are quieter and leave a smaller footprint. They are ideal for land drilling and some offshore applications, but not deepwater exploration.

“The technology has always been out there,” Mr Foster said, noting that American Augers developed its first HDD rack and pinion rig in 1988 with a hook load of 100,000 lbs. The company was the first to eliminate chain drive systems. “Where it’s starting to take hold now is in the more shallow oil and gas formations, which have often been off-limits with conventional drill rigs.

Mr Foster touts safety as a huge benefit in rack and pinion technology. “With a conventional rig, you’ve got four or five workers who are slinging chains, standing in the fall zone of the pipe and working with the rotary table,” he said. “Here, you don’t have anything. You’ve got two workers basically operating the rig using an electric-over-hydraulic operating control panel. You’ve got one man running the controls, moving the top drive up and down, the other operating the pipe-loading system, getting the pipe in and out of the carriage.

Cost and maintenance are other advantages, he continued. American Augers’ basic drilling rig runs about $2.95 million, compared with $5 million for a conventional rig. And because the rack and pinion has fewer parts, it is easier and less expensive to maintain, he said.

Environmentally, the rack and pinion allows an operator to drill fewer holes and get in and out faster. “Let’s say you have a large plot of land with multiple adjacent wells,” he said. “On a traditional rig, you’re going to drill each well individually to get into the pay zone. With a rack and pinion rig, you’re only going to drill one hole to get into all the formations, and you’re going to expose the entire pay zone because you were able to drill out and get casing through the whole area.”

Given the apparent strengths and advantages of rack and pinion rigs, why has this decades-old technology taken so long to be embraced by the drilling industry? Rolf Gullaksen, vice president of sales and marketing for TTS Sense (formerly Sense EDM) believes the issue is twofold.

TTS Sense, based in Kristiansand, Norway, has several multi-functional land rigs on the market, with 125-250 tons of hook load capacity for drilling, underbalanced drilling, slimhole drilling workovers, well intervention, snubbing operations, re-entry and sidetracking.

Instead of the conventional open derrick or mast design, the rigs feature a closed mast design that houses the rack and pinion system. The pinion, or wheel, located in the mast, turns the rack modules, which move the rack upward for hoisting and downward for lowering.

“The rigs can quickly switch between workover, drilling and snubbing operations,” Mr Gullaksen said. They also can be delivered with a “drop-in” injector head, adding coiled tubing. Several versions of the rig can be delivered with automated pipe handling and a fully integrated control system.

“The rigs are very versatile and adapt easily to different operations,” he continued. “They are automated, safe and quiet, very quick to move and rig up, and the excellent control of the drillstring enables new and exciting opportunities with regards to downhole operations. We believe this type of multifunctionality will be very attractive to rig owners going forward.”

The company’s foray into the technology dates back to the late 1990s, when its predecessor, Engineering and Drilling Machinery (EDM), developed a rack and pinion-operated workover machine that facilitated faster and simpler rig-up and rig-down, reduced weight and improved safety, as fewer people were needed to operate the machine.

In 2001, EDM sold a rack and pinion rig to Breitburn Energy, which needed a quiet, compact, multifunctional rig for its operation in downtown Los Angeles. The rig, which is still operating, is housed in a church-like building that is mobile and services about 40 wells. The rig is TTS Sense’s only rack and pinion model operating in the United States.

In 2005, the company designed a rack and pinion rig for the European market that was also equipped with a robotic pipe handling system and an AC-driven top drive system, permanently mounted to the mast by a retractable dolly.

TTS Sense has sold 40 rack and pinion rigs and has 17 operating worldwide in Canada, Hungary, Australia, Jordan, Tunisia, Thailand, India, Mexico and offshore in Liverpool Bay, UK.

In July, the company’s Canadian division entered into a contract with Weatherford Drilling to deliver seven Ultrasingle 150-ton rack and pinion trailer-mounted land rigs, starting operation in 2009.

Horizontal Well Drillers (HWD), a subsidiary of Akerman Construction in Purcell, Okla., has seven rigs operating in the United States, including Texas, Pennsylvania, Ohio and Indiana. The rigs are working at 330,000 lbs of hook load but are designed to go as high as 440,000 lbs, which the company expects to do this fall.

“This rig is automated, so you don’t need workers and derrick hands,” said founder and president Steve Akerman. “There is no one on the drill floor when the rig is making a connection. The rig does it by itself.” The rack and pinion mechanism is housed in a closed mast and is top-head driven.

“We’re putting one rig per month out in the field,” he said. In addition to the United States, the company has had inquiries from Mexico, Brazil, Russia, Kuwait and other Middle East countries, and Canada. “These rigs are ideal for the oil sands in Canada.”

One operator wants to put the rack and pinion rigs on barges in the Louisiana swamps. “They’re very simple to put on anything,” he said. “As a rig size, they are very, very light and compact, with a huge amount of power.” The rig also is designed to fit into small locations, making it ideal for areas where there is a large urban infrastructure.

Central Basin Oil Investments, South Lake Texas, is operating a HWD rack and pinion rig in central Texas, including the Barnett Shale near Fort Worth. “The rig is very compatible and conducive to drilling in metro areas because it leaves such a small footprint and because of the low noise factor,” said Hoby Urich, director of drilling operations. “It is extremely community-friendly.”

Mr Akerman said a key advantage of his rig is the elimination of the block and tackle mechanism. “A conventional rig can’t apply any downward pressure. With a conventional rig, you’ve got to have some vertical hole before you have any weight to be able to make your curve,” he explained. “But our rig will not only pull, it will push. The top drive actually does the pushing itself and will therefore apply the downward force on the drill pipe as needed.”

He also said that his rig reduces the drilling area to about a quarter of the what’s needed with a conventional rig, about 22,500 sq ft (150 ft x 150 ft). And in terms of mobility, the costs are minimal because it only takes eight trucks to move this rig.

Fuel savings is another advantage. “Our rig uses 40-50% of what a conventional rig uses,” he said. “That wasn’t significant in the past, but with gas prices as high as $4 per gallon, you’re saving $2,000 to $4,000 a day.”

Mr Akerman also noted that while he developed his rig for horizontal and directional drilling, he has utilized it for vertical wells, going as deep as 13,000 ft. “There is a misconception that our rigs are designed only for shallow oil and gas wells. But, according to my own research, these rigs could drill 92% of all the wells drilled in the United States last year.”

German company Max Streicher also discovered the benefits of rack and pinion technology for vertical rigs after designing a prototype originally intended for the horizontal drilling market. The company’s current focus is on the European vertical market.

In early 2005, Streicher completed its first-generation vertical directional drilling rig through its subsidiary Drill Tec. “We proved there is good technology for vertical drilling,” he said. The rig can drill to a depth of 5,000 m (16,000 ft).

“A key advantage,” Mr Koeckeis continued, “is that our rig is extremely modular. You can transport this rig anywhere within Europe on any road, using trucks. The concept works.”

A key feature is the rig’s ability to push and pull, eliminating the need for drill wire and other components. “With a wire, you can only pull,” he said.

Streicher has three rigs operating in Europe, one in The Netherlands and two in Germany, including on a geothermal well near Munich. The Netherlands operation is a gas project for NAM, a subsidiary of Shell and ExxonMobil.

The rig operates with two racks on each side of a closed mast, he explained. Inside the top drive are six hydraulic motors, three on each side, which drive the pinion, which in turn delivers power to the stationary racks. “The motors, which are driving the top drive up and down, are integrated into the top drive itself,” he said. “When the pinion moves, the top drive moves up and down. Hydraulic energy is provided by the drag chain.”

Streicher plans to introduce two models of its second-generation vertical rack and pinion rig in early 2009. One will be a land rig, the other an offshore unit. “This design is an even tighter concept, more modular and leaves a smaller footprint,” Mr Koeckeis said. “It is highly automated and highly mobile.”

“Our intention is to build highly automated rigs with a higher safety standards that can operate with low labor costs,” Mr Koeckeis said. The safety aspect of the rig, along with its modular design and mobility, has “opened up another market for drilling. We are able to relocate these rigs within five days. I don’t know a rig that can move so quickly.”

The count of active oil and gas drilling rigs in the Permian Basin posted its largest gain since January 2021 last week with the addition of nine rigs for a new total of 332, compared to 224 a year ago.

As of April 8, there were 96 rigs in New Mexico — unchanged in past week, compared to 70 year ago. Also, as of April 8, there were 342 rigs in Texas, compared to 331 week ago, and 209 year ago. And there were 689 rigs in the U.S., compared to 673 week ago, and 432 year ago.

Since the start of the year, rig count is up 23.5 percent in Texas and 17.6 percent in U.S. No major producing state reported a decline in rig count last week.

Haynesville remains No. 2 among regions with 67 rigs followed by Eagle Ford with 57, Marcellus with 37, Williston with 34 and Cana Woodford with 25. Louisiana remains No. 3 among states with 57 rigs followed by Oklahoma with 50, North Dakota with 33, and Pennsylvania with 25.

The company wants to begin with offering diving services for the maintenance of offshore oil rigs over the next two years and then subsequently add other maintenance-related services. It is also eyeing the biogas industry where it wants to offer similar services of compression and dehydration to producers.18 Oct, 2021, 07.59 PM IST

The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology, a company statement said.26 Aug, 2021, 10.18 PM IST

Mumbai-headquartered IDBI had entered into loans totalling USD 148 million with two Singapore registered companies -- Varada Drilling One Pte Ltd and Varada Drilling Two Pte Ltd -- for the construction of two jack up drilling rigs in March 2013.03 Jun, 2021, 05.04 PM IST

Navy vessels, tug boats and rescue ships were pressed into service on Tuesday to evacuate over 500 people stuck on an oil rig and barges in the high sea off the Mumbai coast after a cyclone ripped through it.18 May, 2021, 05.43 PM IST

The rig deployed at Kalol oilfield has a capacity of 1,500 horsepower that can drill up to a depth of 4 km, said Meil vice-president P Rajesh Reddy, adding that the indigenous rig comes with the most modern technology in terms of security standards.08 Apr, 2021, 10.57 AM IST

MEIL is the first company in private sector to manufacture and use rigs used in oil and fuel extraction with advanced technology, a company statement said. As part of the Centre"s Make in India programme, MEIL has manufactured these rigs for the first time in the country, it added.07 Apr, 2021, 02.30 PM IST

The decision sets the stage for the federal government to auction Arctic drilling rights in the final quarter of 2020 -- and a potential confrontation next year if President Donald Trump doesn’t win re-election. Democratic nominee Joe Biden said he’s “totally opposed” to drilling in the Arctic refuge, having called the idea a “big disaster” in a February town hall meeting.17 Aug, 2020, 08.28 PM IST

“To ensure safety of employees, work at two rigs has been temporarily suspended. Remaining 34 rigs are operating offshore with all Covid-19 safety precautions,” ONGC said in an emailed response to ET’s query. “Our operations are not affected. Production levels are being maintained.”22 Jun, 2020, 09.39 AM IST

Nearly all deep sea drilling rigs are imported, and a bulk of the ones used in shallow waters to drill wells to probe and produce oil and gas are also of foreign origin.12 Oct, 2017, 01.38 AM IST

ONGC had planned to hire nine rigs through nomination, apparently to save time in the hiring process, in 2015, but didn’t go ahead after ET reported this.26 Jul, 2017, 11.09 PM IST