Marine Link
Wednesday, June 23, 2021

Four Steps to Successful Rig Intake

Maritime Activity Reports, Inc.

September 25, 2019

© Mike Mareen / Adobe Stock

© Mike Mareen / Adobe Stock

After a period of dormancy, drilling activity and rig utilization is up. Yet despite an increase in demand for rigs, there is still an oversupply. Few long-term fixtures, gaps in schedules and rigs moving between different regulatory regimes create new rig intake challenges.

What does this mean for your rig intake strategy? Your preference may be to contract a hot rig, as the operational risks are significantly less when compared to contracting a rig which has been nonoperational. But are the hot rigs actually “hot”? And what happens if you can’t get a hot rig?

The rig intake process can be extensive and unpredictable. Understanding the technical and regulatory challenges can help you successfully and cost effectively tender, select and accept a rig onto contract, whether it’s nonoperational or hot.

Join our latest webinar and discover what’s required for successful rig intake. Lloyd's Register's Barry Holland will take you through a step by step guide covering:

  • Rig status
  • Compliance
  • Robustness of Management Systems
  • Rig acceptance

Watch the webinar here.

Offshore Wind is the focus of this special April 2021 eMag edition from Maritime Reporter & Engineering News (MR), combining the resources of MR + sister-publications Marine News and Offshore Engineer
Read the Magazine

2021: The Year When Offshore Wind Takes Off in the United States

Inside the Red-Hot Offshore Wind Market

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News