The Definitive Guide to Truck-Trailer Mounted Workover Rig

Oil price volatility hugely affects the demand for onshore drilling rigs, as fewer wells are drilled throughout the market decline. Historically, apart from Russia and the CIS, North America has actually held the largest share of demand, followed by the Middle East and Latin America. In the Middle East, Oman, Saudi Arabia and Kuwait are the greatest areas for land rigs.

The demand patterns in between the areas internationally are a little various, whereby the majority of the development in The United States and Canada is for hi-spec rigs (1,500/ 2,000/ 3,000 hp) used in horizontal drilling. Historically the Middle East and Russia have utilized lower specs rigs, with more demand for 2,000 hp rigs (and above) beginning to develop from 2014 onwards.

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Regionally, around 75 % of the units are drilling rigs, with the rest being work-over units. The rig fleet in the GCC region has been growing considerably over the last several years, reaching close to 370, with significant purchases in UAE, KSA, and Oman. Newest global active land rig count (Source: Baker Hughes, different estimates for Russia and CIS) Onshore rigs have different power supply systems, i.

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SCR or AC. SCR is old technology, whereas AC-powered (with variable speed) rigs permits adjusting the load and torque as required. This not only provides drilling efficiency and control but consumes less fuel and decreases wear and tear. Most of new onshore rigs globally are equipped with the Air Conditioning power system.

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In the U.S.A., around 70% of the land rigs are Air Conditioner powered. It is expected that Air Conditioning powered and rigs will dominate the increase in rig supply capability all over the world. The Middle East market for onshore drilling rigs consists of national/domestic rig contractors, along with global gamers, with the domestic companies dominating and managing more than 70% of the rig fleet (consisting of work-over rigs).

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Around 40% of the rig count in the region is high spec 2,000 hp to 3,000 hp rigs, with circa 25% of the systems being 1,500 hp to 2,000 hp rigs and c. 15% 1,000 hp to 1,500 hp rigs.  Click Here For Additional Info  info is as of Q4 2020 and based upon various business reports and presentations and our price quotes.