To win bids, execute contract work, and earn money in the field of mineral exploration drilling, it is critical to make use of the proper equipment and drill rig. The purchase or acquisition of a new drill rig is a significant investment decision. However, this decision can be hounded by a handful of variables that will most likely affect this decision.
Drilling rigs for sale Australia can be a tricky trade if you don’t know what you are looking for. Before making a purchase, the million-dollar question that should come to your mind first is, “How can this help me earn more money?” Or would it be more expensive to buy one than it would be to hire someone to do the same job for less money?
When the country and the world were last hit by a market recession, the great majority of drill rigs here were rendered inoperable and sat inactive for a considerable period.
This streamlined the process of cannibalizing parts and components from those drill rig systems so that the active ones can remain operational despite the tough situation. A handful of professional drillers were forced to maintain and replace those drill rigs without the need to invest hefty amounts of money to capitalize on new technologically superior drill rigs.
Nevertheless, now that the industry has completely recovered and is back on its feet, these seasoned drilling companies have taken it upon themselves to know and decide when they should acquire new drilling rigs and when it is the best time for them to revamp the idle ones they have.
Their operations managers are the only ones who truly understand which drill rig components, such as valves, engines, and assemblies, will require some touch-ups and fixes. Besides, they have a solid grasp of the cost of rebuilding/renovating their drill rigs.
They can run an audit, examine the inventory of their spare parts, or verify their maintenance records to come up with a more realistic cost comparison to get the drill rig up and running again.
It is not uncommon for old drill rigs to break down a lot quicker and more often than their newer counterparts. If you resonate with this, you will likely run the risk of putting your hard-won drilling contracts in peril. Simply put, you are likely to lose it because of that.
In the end, it may even compromise your company’s reputation, and that scenario is something you would not want to happen.
The slackening of activities in a drill rig company will cause its expenditures to rise exponentially. Sonic drill rig manufacturers used to say that rig maintenance responsibilities and repairs would raise the company’s costs. In order to be sure a contractor will remain on a project or a contract, the drilling fleet’s working condition should not be the only thing that needs proper maintenance.
New Groundbreaking Technology
If you have an outdated drill rig fleet, acquiring a new one will help your team to maximize drilling efficiency. Drilling a few extra meters will help a lot. Brand new drill rigs, compared to older types, are naturally more efficient and are thus more productive, too.
New drill rigs, compared to older types, are naturally more efficient and are thus more productive, too. Their uptime is considerably more dependable, and they are generally packed with several built-in safety features which are not seen in the older models and make.
You don’t have to be concerned if a new mining rig has just been introduced, because a fresh new rig will, of course, be compliant with any rollout. Sonic drill rig manufacturers often say there is a good chance that an older make and model of a drill rig would be fetching far from that. In that case, it runs the risk of losing an award for a drilling contract.
It may not be the cost alone, but several other things need to be considered, including the skill level, time, and capability to carry out overhaul work on a drill rig that has remained seated and idle for a long time.
An overhaul of a drill rig requires plenty of labour and might take around 3 to 4 months to finish. Besides, it also needs a labour pool of mechanics that will be working on a number of other rigs that need reviving work.