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Demand for Land/ Onshore Drilling Rigs is directly affected by the need development for fossil fuels and global onshore exploration and production activities. Well intervention and work-over activities have less impact on the demand for drilling rigs, due to other well intervention methods and technologies readily available. However, more wells do not necessarily indicate more rigs.

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Oil rate volatility hugely impacts the need for onshore drilling rigs, as less wells are drilled during the market downturn. Historically, apart from Russia and the CIS, North America has actually held the largest share of need, followed by the Middle East and Latin America. In the Middle East, Oman, Saudi Arabia and Kuwait are the biggest locations for land rigs.

The demand patterns in between the areas internationally are somewhat various, whereby the majority of the growth in North America is for hi-spec rigs (1,500/ 2,000/ 3,000 hp) utilized in horizontal drilling. Historically the Middle East and Russia have actually used lower specs rigs, with more need for 2,000 hp rigs (and above) starting to build up from 2014 onwards.

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Regionally, around 75 % of the systems are drilling rigs, with the rest being work-over units.  Read More Here  in the GCC area has been growing considerably over the last several years, reaching close to 370, with major purchases in UAE, KSA, and Oman. Newest worldwide active land rig count (Source: Baker Hughes, various price quotes for Russia and CIS) Onshore rigs have various power supply systems, i.

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SCR or Air Conditioner. SCR is old technology, whereas AC-powered (with variable speed) rigs permits adjusting the load and torque as needed. This not only provides drilling performance and control but consumes less fuel and decreases wear and tear. The majority of brand-new onshore rigs worldwide are equipped with the Air Conditioning power system.

In the U.S.A., around 70% of the land rigs are Air Conditioner powered. It is anticipated that Air Conditioning powered and rigs will dominate the increase in rig supply capacity all over the world. The Middle East market for onshore drilling rigs consists of national/domestic rig contractors, along with global gamers, with the domestic business dominating and controlling more than 70% of the rig fleet (consisting of work-over rigs).