Drilling Market Focus: European companies garner contracts for new rigs

Some of the newest European rig designs feature highly automated integrated systems that are more efficient and safer than traditional rigs, and can be operated with fewer workers. Streamlining the weight and size offers better mobility, and innovative design concepts offer versatility in running straight pipe, coiled tubing, or even support for pipe lay operations. New ideas from rig designers and manufacturers help to reduce construction and operation costs, meet increasingly stringent environmental requirements, and increase the safety of drilling operations.Operators and drilling contractors want rigs that:• Can rig-up and move quickly.• Are highly automated and require ...

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