What is an independent oil drilling contractor?

What does an independent drilling contractor do?

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.

What is oil drilling contractor?

Drilling Contractor is an individual who manages a drilling rig. … The contractors work in many oil, construction or mining organizations. The main tasks of Drilling Contractors are to plan projects, hire and supervise workers, maintain safety on the job, and satisfy clients.

Do oil rigs have independent contractors?

The operators of oil rigs don’t care whether independent contractors pay their taxes or not. They only care that they do the job they were hired to do. If the operator of the oil rig is required by national law to deduct taxes from their paychecks, they will do that. … You are on an offshore rig not a cruise liner.

How much do oil rig contractors make?

Oil rig workers make on average just under $100,000 a year, but salaries can vary widely depending on skills.

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Who is the best drilling company to work for?

The Top 5 Drilling Rig Companies:

  • Nabors Industries Ltd. …
  • Helmerich & Payne Inc. …
  • Patterson-UTI Energy Inc. …
  • Precision Drilling Corporation. …
  • Pioneer Energy Services Corp.

Who is the largest drilling company?

World’s Biggest Offshore Drilling Companies

  • Nabors Offshore – $3.05bn. …
  • China Oilfield Services Limited (COSL) – $3.17bn. …
  • Saipem – $4,27bn. …
  • Weatherford – $5.74bn. …
  • Petrofac – $5.83bn. …
  • Baker Hughes – $22.9bn. …
  • Halliburton – $23.99bn. …
  • Schlumberger – $32.8bn. The Us-based Schlumberger is the world’s biggest oilfield services company.

Is there WIFI on oil rigs?

All rig need to be equipped with internet connection as all essential drilling and formation data needs to be sent back to office for decisions. Yes, as Ryan says, the wifi service is given at the discretion of the rig provider.

How long are oil rig contracts?

How long are the contracts? Normally, from 6 to 12 months, depending on the company and the specific project. The different sort of contracts can be extended by mutual agreement.

What is the highest paying job on a oil rig?

The 10 most lucrative offshore platform jobs

  • Offshore installation managers – $174,000-$247,000. …
  • Subsea/chemical process engineers – $75,000-$188,000. …
  • Geologists – $65,000-$183,000. …
  • Tanker captain – $75,000-$170,000.

Is working on an oil rig worth the money?

Working on an oil rig is an absolutely great choice for some people due to it’s high pay and general lifestyle. It’s not a good job for everyone though, so make sure you think it’d be worth it for you before you get your first job on a rig.

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