USD 92.0134

-0.12

EUR 98.7187

+0.01

Brent 89.38

+0.05

Natural gas 2.285

+0.36

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Oil rig

Its a large structure with equipment for getting oil from under the ground or under the sea

Oil rig

There are around 1,470 offshore oil rigs around the world. The main purpose of oil rig is to establish a solid formation that supports the drilling operations.

The rig has a back up to carry out all kinds of drilling jobs and also house all the required equipment. Depending on the drilling location requirement, the rig can be either fixed or floating. They can be massive or small to medium sized structures.

Kinds of oil rig include:
  • Drilling rig, an apparatus for on-land oil drilling
  • Drillship, a floating apparatus for offshore oil drilling
  • Oil platform, an apparatus for offshore oil drilling
  • Oil well, a boring from which oil is extracted
Depending on the drilling location requirement, the rig can be either fixed or floating. Depending on the version, one differentiates drilling platforms as follows:
  • drilling ship
  • tension leg platform (TLG)
  • semi-submersible drilling platform
  • jack-up rig
  • drilling platform standing on the ocean floor
In offshore drilling, directional drilling makes it possible to drill into deposits from the side and fully sinking deposits through horizontal access, completely developing them for natural gas and oil extraction.

Once the oil rig has developed an oil or gas field and therefore fulfilled its purpose, it is replaced by a production platform.

Life working on an oil rig looks different today than it once did, thanks to advances in drilling technology, but the job is still physically demanding and potentially dangerous.