Results for tag: "Contract Drilling"

Contract drilling is a service provided by specialized companies to oil and gas exploration and production companies. Contract drillers provide the equipment and personnel necessary to drill and complete oil and gas wells. This includes the drilling rig, drilling crew, and other support services such as mud engineering, directional drilling, and well logging. Contract drillers are typically hired on a short-term basis to drill a specific well or a series of wells. Contract drilling is a highly competitive market, with many companies offering similar services. Companies must differentiate themselves through their safety record, cost efficiency, and technological capabilities. Contract drillers must also be able to provide services in a variety of geographic locations and in a variety of geological conditions. Some of the major companies in the contract drilling market include Schlumberger, Halliburton, Baker Hughes, Weatherford International, Nabors Industries, and Transocean. Show Less Read more