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Drilling Rigs for Sale in Australia, What Do You Need to Consider Before You Buy?

Critical to completing contracts, winning bids, and raking in profits in the world of mineral drilling and exploration business is the right drill rigs and equipment.

When trying to look for the right kind of drilling rigs for sale in Australia, anticipate a handful of factors and other variables that you will need to take into account.

Perhaps what can be considered as the single most important question that we’ll need to look into is if the drill rig you are prospecting to buy will help make money for your company. Or if owning and the acquisition of a drill rig machine would cost you more than any other option but still enables you to accomplish the same job for less?

After the onslaught of the most recent economic downturn, a handful of drill rig machines, not just in the country but in many parts of the region, remained idle for quite a long time. This made it convenient and easier for drill rig equipment owners to cannibalize parts and components so they can further keep their running rigs actively drilling. Now that the market is slowly rising again, the vast majority of these drilling contractors are forced to make a tough call decision. Will they choose to buy drill rigs for sale in Australia, or will they rebuild instead their old, idle rigs?

sonic drill

So here are the top things to take into account before making a purchase. 

Resources

It is not just the costs. There is a handful of other important factors and this includes whether the drilling firm and its staff have the talent, the time, and the capability to carry out the overhauling process for a drill rig that has remained so idle for a long time but is now needing to work again. 

The process may take about 3 – 4 months, maximum. It may also necessitate the use of tooling, facilities and a labor pool of mechanics that can still commit to this since most of them do have work on other rigs that also need to be kept running. And lastly, if they possess a good amount of knowledge to set the drills in action for drilling contracts.  

New Technology

If you happen to have an older rig fleet, acquiring new sonic drill rigs will naturally give you a better chance for a more productive and fulfilling drill activity. Needless to say, brand new rigs are expectedly more productive and are likely packed with a handful of safety features when compared to older rigs. With a much-enhanced mine/drill site safety requirements, a brand new rig will expectedly comply with whatever newly implemented safety requirements have been rolled out. 

Reliability

It is typical for a used drill rig to break down every once in a while as opposed to brand new rigs. And downtimes like this can create an adverse impact on your drilling contracts which you are most likely had a hard time to earn. 

Whenever this happens, your operational costs would quickly spike and it can be directly attributed to the loss or reduced amount of productivity. It is can also be brought about by drill rig repairs or uptime contractual obligations.  

A properly maintained drill fleet will not just help in keeping productivity at the top best, but it sure does give a contractor a level of assurance that will not be kicked off from the site or be out from the contract.  

Why You Should Buy New Drilling Rigs for Sale in Australia? 

Much like everything else, it pays well when you think over your options well. Try to make an honest to goodness assessment of your drill rig fleet and pay attention to what you need to put out just so things can be well maintained. Otherwise, your team will not be that competitive.  

If you see that the gains brought about by purchasing a brand new rig would make good sense for you, you might want to reach out to an expert. Such an individual will help you see what is available for you, now and in the near future.