Derrick Engineering Exploration and Production 
Oilfield Technology
JUNE 26, 2025
Integrated with the drilling control system on the rig, Latch Hawk provides real-time feedback on the status of fingerboard latches located within the drilling derrick, acting as a critical safety barrier to DROPS incidents on drill floors. Already a member?
Aresco
FEBRUARY 5, 2024
These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production. Drilling Rig: The equipment and machinery used to drill the well, including the rig itself, mud pumps, derricks, and other drilling apparatus.
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