Truck-Mounted Drill Rigs: Increasingly used in Russia’s geotechnical surveys and water well drilling for quick deployment. Crawler-Mounted Drill Rigs: Preferred in Russia’s rough terrains and mining sites for stability and maneuverability. Market Segmentation by Depth Capacity
[pdf] The Russian drilling fleet now roughly amounts to 1.5K rigs. According to expert estimation, however, about 40% of the rigs are essentially obsolete, so the equipment will have to be renewed substantially to keep and increase the rates of drilling.
[pdf] NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, acquired Oilwell Supply. In 1958, merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold i.
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