Silver lining in downturn: Drilling equipment availability up

Exclusive video!

One silver lining in the downturn may be that drilling equipment is more available, as manufacturers scramble to fill spare capacity and innovate to get a leg up on the competition.

One manufacturer coming on strong with new solutions is Kristiansand, Norway-based TTS Sense. The company recently inked an $11 million deal with Parker Drilling for a driller’s console and mud equipment package. The equipment is slated to arrive at Parker’s Sakhalin Island location in late 2010 and 2011.

TTS Sense’s test tower and top drive.

Click below for exclusive video of some other TTS Sense projects and thoughts on the downturn.