article thumbnail

What are Tangible Drilling Costs?

Aresco

The cost of the cement and other materials used in this process are considered tangible drilling costs. Mud and Fluids: Drilling mud and other fluids are used for lubrication, cooling, and removing drill cuttings from the wellbore. Disclaimer The above blog is provided for general information only.

article thumbnail

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

Drillers

Roughnecks operate cranes, run drilling engines and pipes, and are in general given more skilled tasks and paid more for doing them. The Derrick hands are responsible for the drilling mud and the mud pumps. Production managers, in turn, because of their many responsibilities, make more than reservoir engineers.