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Drilling Rig Systems

Rig Skills

Drilling rig consists of following systems. Hoisting system Rotary system Circulation System Power system BOP system Monitoring system Drilling Rig Hoisting System It enable drilling rig to raise and lower working string into and out of well bore. Rotary system components are TDS or kelly and drill string.

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Know Mostly used Drilling Rig Acronyms

Rig Skills

Drilling rig operation report also called daily drilling report or DDR contain several acronyms. These acronyms minimize drilling report size and make it easy to read and understand. Without these abbreviation drilling report will look massive text contents and reader will feel boring.

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What are the Different Types of OCTG Pipes Used in the Oil and Gas Industry?

DIC Oil Tools

DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. DIC is an Exporters of OCTG Pipes Worldwide. What are OCTG Pipes?

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Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.

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Florida Investors and the Shift to Alternative Investments in Oil and Gas

Aresco

Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.

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Rig floor components and drill string handling tools

Rig Skills

Oil and gas rotary drilling rig have several tools at rig floor for handling drill string various components. Rig floor is a platform which provide work space for crew member for tripping drill pipe into or out of wellbore. PDC Breaker It is used to make up or break out PDC bit from drill string.

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What are Tangible Drilling Costs?

Aresco

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production.