Our Quantifying Drilling Efficiency - EIA Diaries

Oil cost volatility hugely impacts the need for onshore drilling rigs, as fewer wells are drilled during the industry slump. Historically, apart from Russia and the CIS, North America has actually held the biggest share of demand, followed by the Middle East and Latin America. In the Middle East, Oman, Saudi Arabia and Kuwait are the most significant areas for land rigs.

The need patterns between the areas internationally are somewhat various, where most of the development in North America is for hi-spec rigs (1,500/ 2,000/ 3,000 hp) used in horizontal drilling. Historically the Middle East and Russia have used lower specifications rigs, with more need for 2,000 hp rigs (and above) beginning to develop up from 2014 onwards.

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

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SCR or Air Conditioner. SCR is old technology, whereas AC-powered (with variable speed) rigs enables changing the load and torque as needed.  Oil Rigs Now LLC  offers drilling performance and control but takes in less fuel and decreases wear and tear. The majority of new onshore rigs worldwide are geared up with the Air Conditioning power system.

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In the U.S.A., around 70% of the land rigs are Air Conditioning powered. It is anticipated that Air Conditioner powered and rigs will control the increase in rig supply capability around the world. The Middle East market for onshore drilling rigs consists of national/domestic rig specialists, along with worldwide gamers, with the domestic business dominating and controlling more than 70% of the rig fleet (including work-over rigs).

Martech Energy - Land Rigs

Around 40% of the rig count in the region is high specification 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. This info is since Q4 2020 and based upon various companies reports and presentations and our quotes.