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What are Tangible Drilling Costs?

Aresco

Drilling Rig: The equipment and machinery used to drill the well, including the rig itself, mud pumps, derricks, and other drilling apparatus. As tax laws can be complex and subject to changes, it’s advisable to consult with a tax professional or accountant who specializes in oil and gas tax matters for specific and up-to-date guidance.

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What It’s Like To Work On An Offshore Oil Rig

Drillers

In 2015, this portion was 30%. Now, it is in all likelihood more significant with several recent discoveries made in Brazil, Norway, and Guyana , among others. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out. But it could be highly rewarding work, with solid career growth opportunities.