Silver lining in downturn: Drilling equipment availability up
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.