How much do oil rig contractors make?

How much do oil rig contractors make?

While ZipRecruiter is seeing annual salaries as high as $293,500 and as low as $18,500, the majority of Oil Rig Worker salaries currently range between $32,000 (25th percentile) to $90,000 (75th percentile) with top earners (90th percentile) making $130,000 annually across the United States.

What is oil drilling contractor?

Drilling contractor refers to those individuals or group of individuals who own a drilling rig. Drilling contractors contract their services mainly for drilling wells. Drilling contractors also provide equipments, people and the expertise to drill wells, which can be either offshore or onshore.

Who are drilling contractor?

What’s a drilling contractor? These are companies that own the drilling rigs. This might be a single company that owns the rig, or a small group of companies that are pooling resources. The drilling contractor drills the well, supplying the rig, and crew.

What’s the best drilling company to work for?

Transocean Ltd. has been crowned the most desirable oil and gas drilling contractor to work for in Rigzone’s 2019 Ideal Employer Survey (IES), which included more than 11,000 respondents from over 100 countries.

Who is the largest drilling contractor?

The world’s biggest offshore drilling companies

  • Schlumberger – $32.8bn.
  • Halliburton – $23.99bn.
  • Baker Hughes – $22.9bn.
  • Petrofac – $5.83bn.
  • Weatherford – $5.74bn.
  • China Oilfield Services Limited (COSL) – $3.17bn.
  • Nabors Offshore – $3.05bn.
  • Transocean – $3.01bn.

What are the duties of drilling contractor?

The contractor provides the rig and the crew to operate it. The drilling contractor is responsible for maintaining the rig and the associated equipment. The rig operation and rig personnel supervision are the responsibilities of drilling contractor.

What large oil company owns the drilling rig?

Nabors Industries Ltd.
Nabors Industries Ltd. of Texas, United States generated a revenue of 2.1 billion U.S. dollars in 2020, making it one of the largest land drilling companies in the world. The company is also owner of the most land drilling rigs in the world. Among its closest competitors are Helmerich & Payne and Patterson-UTI Energy.

What are some offshore oil rig companies?

The world’s biggest offshore drilling companies Schlumberger – $32.8bn. Halliburton – $23.99bn. Baker Hughes – $22.9bn. Petrofac – $5.83bn. Weatherford – $5.74bn. China Oilfield Services Limited (COSL) – $3.17bn. Nabors Offshore – $3.05bn. Transocean – $3.01bn. Ensco Rowan (Valaris) – $1.7bn.

Where are the world’s oil rigs?

North America houses the most oil rigs worldwide. As of November 2020, there were 410 land rigs in that region, with a further 12 oil rigs located offshore. These numbers are lower than in previous…

How to finance oilfield services company?

Business Loans. Business loans are a common form of financing for many companies.

  • Invoice Factoring. Invoice factoring is a common way for oilfield service companies to get the cash flow they need.
  • Investors. Your first thought might be to ask friends or family to invest in your company.
  • Merchant Cash Advance.
  • What is an independent drill contractor?

    Independent Drilling, LLC is a small drilling contractor with the desire to grow our business by building strong, safety minded, and long lasting relationships with our clients. Independent Drilling, LLC was established in 2005 and through the ensuing years, we have successfully drilled safe…