Greater adoption and effective use of enhanced digitalization in the rig inspection and audit market are delivering benefits and reducing risk. The recent rise in commodity prices has generated an increasing focus on drilling rig availability around the world and the reactivation of stacked rigs. However, rig reactivation is not a straightforward process. An ill-informed decision has the potential to cost millions of dollars in nonproductive time (NPT) if the rig reaches its location and does not operate as designed or anticipated. It is therefore essential to mitigate such risks during the rig-tendering phase.
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