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- W20971243 abstract "As operations came to a close in 1982, many oil and gas contractors were facing the door of no return - subsequent years worsened matters. Drilling and workover units were returned to the lender and left stacked on and off location. Lending institutions began to weaken and, in some cases, collapse. However, many of the contractors with time and grade in providing contract drilling or workover services have had no desires or options other than to continue to operate in a downward spiraling market, much as they had done in the 50s and 60s. Operating under these circumstances requires a lot less flare and flame, and careful rearrangement of financial obligations. Contractors with equipment overloads reduced inventories and stacked the leftovers. This article shows that stacking or immobilizing a modern drilling rig or workover unit can be achieved economically. A sound preventive maintenance schedule can put the equipment on the stand-by board-ready to work. Several articles have been written on the ''new way to stack rigs.'' Most of these are simply a sensible realistic approach to maintaining a corporation's assets until they can be returned to the work force." @default.
- W20971243 created "2016-06-24" @default.
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- W20971243 date "1987-05-01" @default.
- W20971243 modified "2023-09-26" @default.
- W20971243 title "Rig upkeep vital in the downturn" @default.
- W20971243 hasPublicationYear "1987" @default.
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