INNOVATION IN RIG SERVICES

摘要

Substantial elements of innovation have been observable during recent years in rig supply and organisation on the NCS. This trend has been driven partly by the fact that rising costs over many years have put profitability under pressure, and partly by the entry of new oil companies on the NCS with different needs from the large established players. On the basis of theory and available empirical insights, the paper outlines the conditions where specific organisational and contractual solutions are best suited. Optimum rig procurement will depend in part on whether the oil companies have time-critical drilling targets, the ability and willingness of the parties to bear risk and the purchaser’s competence and capacity to manage and follow up procurement.