I thought I would explore how offshore rigs works. To Explore and Produce offshore you need a platform (typically referred to as a rig) from which to drill. read more
The drill line is the thick wire cable used to haul the drilling apparatus up and down the derrick to install and remove drilling equipment from the oil well. It is powered by a very large winch- the draworks, google will help you out a lot. read more
Onshore drilling requires less of a time investment as many inland rigs can drill oil in a matter of months. Cost Given the elongated timeline of offshore drilling compared to onshore in addition to the added risks, onshore drilling will require more investment, at least initially. read more
Drill ships are ships that have a drilling rig on the top deck. The drill operates through a hole in the hull. Drill ships can pilot to the drill site and then use a combination of anchors and propellers to correct for drift as the rig drills for oil. read more