CATEGORY

Onshore Drilling Rigs

Onshore drilling rigs are also known as land rigs; and are used in petroleum industry to drill deep holes under the earth’s surface for oil and gas extraction.

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Onshore Drilling Rigs.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts


CATEGORY ALERTS

Neptune Energy begins drilling at Adorf gas field development

July 05, 2022
alert level: Low
CATEGORY ALERTS

Maha Energy awards drilling contract for 6-well campaign onshore Oman

August 04, 2022
alert level: Low
CATEGORY ALERTS

Santos to go-ahead with a $2.6 billion oil field project in Alaska

August 24, 2022
alert level: Low

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Onshore Drilling Rigs

Onshore Drilling Rigs Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Onshore Drilling Rigs Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Onshore Drilling Rigs category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Onshore Drilling Rigs category for the current quarter is 45.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Onshore Drilling Rigs Suppliers


    1,093
    Total Suppliers
    17
    Diverse Suppliers
    88
    Normalized Supplier Rating
    Onshore Drilling Rigs Supplier

    Find the right-fit onshore drilling rigs supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    41

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68

    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Onshore Drilling Rigs market report transcript


    Onshore Drilling (North America) –Market Analysis

    • COVID-19 outbreak is having an adverse effects on the oil & gas industry. The outbreak that started in China has escalated into a global pandemic. As a result, companies around the world are being squeezed through labor market and supply chain disruptions. Travel restrictions and nation-wide lockdowns are restricting workforces in the normal recommencement of work. The oil prices have collapsed to its lowest since 2002, due to oversupply and low demand
    • The global oil demand is expected to decrease by more than 600,000 barrels of oil per day in 2020. The decrease in demand is an outcome massive cancellations of airlines flight operations, travel bans, and isolation measures. The transportation sector, which has more than 20 percent of share in the global oil consumption is being affected by the quarantine measures adopted by individuals and governments
    • According to Beroe analysis, the COVID-19 pandemic will create a skilled labor shortage, due to travel restrictions and self-quarantine measures on the onshore drilling activity.
    • Moreover, the onshore rig activity has reduced drastically particularly in North America, due to low oil demand, low crude oil prices and conservative capital investments resulting in operating onshore rigs economically less viable

     

     Onshore Drilling (APAC) –Market Analysis

    • The rig utilization rate has been steadily increasing from early 2017 and is about 70 percent since January 2018.
    • In 2018, utilization of land rig in APAC has recovered and is been maintained at an average of 70 percent
    • By 2021, rig demand is expected to be at the rate of 8 – 13 percent, as oil prices are recovering and rising demand
    • India, China and Indonesia are the major oil producing countries in the region, which have high level of utilization of rigs in the region
    • Oil companies are preferring electrical rigs over mechanical rigs, as it gives them the advantage over cost and time factors, though its day rates are expensive
    • Rebounding oil prices have encouraged E&P operators to invest in exploration activities

    On Shore Drilling Rig Market Overview –North America

    • Demand for land drilling rigs has increased by more than 40 percent as oil prices are recovering
    • The Permian Basin in the US and Alberta in Canada have been the key region for oil exploration in North America
    • Based on drilling activity, North America has 1,029 active land rigs as of 7th December 2018
    • Top states in the US, on the basis of active land rig count, are as follows:

                – Texas (513) 
                – Oklahoma (134) 
                – New Mexico (95) 
                – North Dakota (52) 

    • More than two-third of land rigs are active in four states primarily, due to ‘Big Three' shale basins namely Bakken, Permian Basin, and Eagle Ford, which has the highest number of shale wells
    • The Permian basin in the US, specifically Bone Spring and Wolfcamp, plays an vital role in the US oil production

    Key Cost Drivers 

    • In the current market condition, buyer has a high control in choosing the supplier, due to the low demand and rig utilization rates
    • The buyer must keep a track on the supplier's financials to have a better contract leverage

    On Shore Drilling Rig Market Overview –APAC

    • Stable oil prices between $55/bbl and $60/bbl have resulted in a cautious approach by onshore drilling rigs companies w.r.t. investments in exploration activities in the APAC region.
    • Based on the onshore drilling activity, APAC has 227 active rigs, of which, 132 are land rigs (excluding activities in China) as of Q2 2019.
    • The Indian announced 55 onshore oil & gas blocks for exploration to public and private players, thereby resulting in an increase in demand for on shore drilling rigs in the near future.
    • With crude oil prices hovering between $55/bbl and $60/bbl, cautious investments are expected to be witnessed in the region in the near future with stable oil prices.

    Onshore Drilling Rig Cost Breakup

    • Material cost covers 63 percent of the entire rig and with the demand for rigs with deep drilling capacity, the cost is expected to increase
    • Suppliers’ day rate for rigs covers components such as: cost of capital, operating cost and profits.
    • Onshore drilling rig day rates may be further classified as per the operational phase of the rig as follows; Drilling rate, Standby rate (as a percent of the day rate), Maintenance cost, Mobilization/demobilization.

    Why You Should Buy This Report

    The report gives the market overview, supply trends and market analysis of the North American and APAC on shore drilling rig market. It lists out the global demand drivers for the drilling rig industry. It provides the cost breakup and key cost drivers of the onshore drilling industry. The report details the supplier landscape and SWOT analysis of the North American Oil and APAC rig market and shares the profile of major players like Helmerich & Payne, Precision Drilling Corporation, John Energy, India, SVOGL Oil Gas & Energy Ltd., India, etc.