After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges.
What does this mean for your rig intake strategy? Your preference may be to contract a hot rig, as the operational risks are significantly less when compared to contracting a rig which has been nonoperational. But are the hot rigs actually “hot”? And what happens if you can’t get a hot rig?
The rig intake process can be extensive and unpredictable. Understanding the technical and regulatory challenges can help you successfully and cost effectively tender, select and accept a rig onto contract, whether it’s nonoperational or hot.
Join our latest webinar and discover what’s required for successful rig intake. Lloyd's Register's Barry Holland will take you through a step by step guide covering:
Watch the webinar here.
