Global Land Drilling Rig Dayrate White Paper

Since the oil and gas downturn of 2014 there has been significant pressure on drilling service costs, including land rig day rates. One of the most significant costs on any onshore oilfield is the cost of hiring a rig to drill the well.

News & Insights

Global Land Rigs Newsletter – 1Q 2022

The key story of the last three months has been the rapid rise in oil and gas prices following Russia’s invasion of Ukraine. In December 2021, Brent oil prices averaged $74 a barrel, and by March 2022 they averaged $118, highlighting just how dramatic an impact the invasion had on global prices.

World Land Drilling Rig Market Forecast 2021-2025

In this tenth edition of the ‘World Land Drilling Rig Market Forecast’ report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.