The global market for drilling rigs is projected to reach $15.36 Billion by 2027 at a CAR of 6.16%, according to a report by TechNavio. This growth is driven by the increasing exploration activities in the oil and gas sector, as well as the rising demand for water well drilling. When investing in a trailer mounted drill rig, several considerations come into play to ensure the right fit for the intended application. Here are the ff:
#1 Drilling Depth
The depth to which a drill rig, including a Truck Mounted Drill Rig, can reach is a critical factor. This depends on the type of drilling and the geological conditions. Such as water well drilling may require a rig capable of reaching depths of several hundred feet. It’s essential to choose a rig with a drilling depth that matches the requirements of the project.
#2 Power Source
The power source of the drill rig is another important consideration. Diesel engines are commonly used due to their power and reliability, but electric and hydraulic options are also available. The choice of power source can impact the rig’s performance, cost, and environmental footprint. For example, electric rigs are quieter and produce fewer emissions, making them suitable for urban or environmentally sensitive areas.
The mobility of the trailer mounted drill rig is a key factor, especially for projects that require moving the rig between multiple sites. The rig should be easy to transport, set up, and dismantle. Trailer mounted drill rigs offer excellent mobility, a quality also found in Rotary Drilling Rigs, but the size and weight of the rig can affect its transportability.
#4 Drill Rig Type
The type of drill rig is determined by the specific drilling application. Water well drilling rigs, geotechnical drilling rigs, and oil and gas drilling rigs each have unique features and capabilities. Understanding the drilling application will help in selecting the appropriate rig type.
This includes not only the initial purchase price but also the ongoing costs for operation, maintenance, and potential repairs for various types of rigs like Hydraulic Drilling Machines and Borehole Drilling Machines. Remember, the most expensive rig is not always the best; it’s about finding the right balance between cost and functionality. Drillrigy, as a reputable manufacturer, offers a range of drill rigs that deliver excellent performance and value for money.