Is It Better To Buy Or Rent A Portable Drilling Rig?
Category : Drilling
A drilling rig is a piece of essential heavy equipment at any building construction site. Whether your project includes building residences, offices, or even amusement parks, a drilling rig always comes in handy. This is because a drilling rig can be used for well, geothermal, pile, micropile, and blast hole drilling. Not only that, but a drilling rig is also often used for a continuous flight auger. However, when deploying such a drilling rig at your project site, do you buy one or rent one?
There may be some obvious benefits of investing in your own stationary or portable drilling rig. But renting a portable drilling rig has its advantages that cannot be ignored. Here are the top 3 considerations that can help you decide.
- Duration of Use Matters
If you have a lengthy project that spans a couple of years, buying a portable drilling rig is always a good idea. If you choose to keep renting a portable drilling rig for such a long period, you may very well exceed your project budget. On the other hand, if your project is a rather short one (two to six months), you can choose to rent a portable drilling rig. Hence, when deciding on whether to buy or rent a portable drilling rig, always consider your project duration and plan.
Even so, there are suppliers like Al Abrag Trading Co. who provide portable drilling rigs at affordable costs. This means you can now rent a portable drilling rig and rest assured that you will not incur unnecessary overheads.
- Faster Response Times?
Having an in-house portable drilling rig can greatly increase your response time. For fast-track projects, response time is always a concern. You need to have items like pumps, subs, valves, and even drilling rigs ready in your inventory. In such a case, you should conduct a cost-benefit analysis before you invest in a brand-new portable drilling rig. If the cost of purchasing greatly exceeds the profits from the project, resort to renting. However, if the cost is far lesser than the profits from the project, you could speculate on buying a portable drilling rig.
If you wish to rent a portable drilling rig at affordable rates and have it delivered to your project site within a few minutes, Al Abrag Trading Co. offers many options to choose from.
- Inspection and Maintenance Costs
If you buy a portable drilling rig, you will have to invest time and money in its regular maintenance and upkeep. In such a case, inspections become a regular ordeal. Such timely inspections can occupy your valuable human resources when they could have been working on some core project activity. But if your long-term project warrants the purchase of a portable drilling rig, then ensure you have a dedicated team ready to service the equipment whenever needed.
On the other hand, if you wish to do away with these additional hassles, it is always better to rent a portable drilling rig from a reputed supplier like Al Abrag Trading Co. WLL.
Final Thoughts?
Your decision about buying or renting a portable drilling rig can depend on 3 major factors. These include – the duration of your project, the response speed you need, and whether you are ready to bear the costs of ownership. However, with Al Abrag Trading Co. your choice of either buying or renting a portable drilling rig becomes clear as day.