Land rig builders expected to see rising orders in 2000

Located 10 km west of Almetyevsk in the Volga-Ural region of the Russian Republic, an IRI International Corp. (Ideco) 120-ton workover-drilling unit (right) is positioned next to a Uralmash Burovaya Ustanovka 75-tonne drill rig. Tatneft, the largest operator in this region, has purchased several Dreco and Ideco rigs since the mid 1990s. Photo by Dean E. Gaddy.Click here to enlarge imageThe international land rig market is showing signs of a recovery from the extended industry downturn of 1998 and early 1999, if newbuild orders and a rising rig count are accurate indicators. The road to recovery for builders of onshore rigs has been a long one. This sector of the petroleum industry is ty...

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