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ProcurementIQ’s Drilling Rigs procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Drilling Rigs to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Drilling Rigs - Recent Price Trend

In the three years to 2018, the price of drilling rigs has been rising at an estimated average annual rate of 2.0%. This moderate price growth is primarily the result of shifts in external demand and input cost drivers. Fortunately, price volatility has remained low, favoring buyers in the market.The primary demand driver for drilling rigs is the US oil and gas production index because oil and.

Drilling Rigs - Total Cost of Ownership

The total cost of ownership (TCO) for drilling rigs is typically high, although it varies depending on the type of rig. There are some direct and indirect costs for the buyers to consider, including operating costs, maintenance fees, financing costs and warranty expenses.Rigs often require a power source, which can be provided by auxiliary equipment, a fuel source (i.e. gasoline) or built-in.

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About this Report

This report is intended to assist buyers of drilling rigs, which are used to drill oil wells, water wells and holes for natural gas extraction. Drilling rigs can be used for onshore and offshore operations, and they can be categorized into land rigs, barge rigs, tender rigs, jack up rigs, platform rigs, drillships and semi-submersible rigs. Rigs range from small mobile units mounted to vehicles to larger units that remain in one location. This report does not cover service rigs.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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