Some Random But Interesting Fast Facts on Drill Rigs Australia

Considered as the lifeblood of the country, the industry of drill rigs Australia is showing a dynamic vibe in recent years. In the business of petroleum oil, drilling rigs are of paramount importance in the exploration, extraction, and refinement of oil deposits. Oil exploration efforts can be done on both the land and the sea. 

If you happen to live in a coastal area where oil refineries are close by, you’d have a good chance of observing how oil rigs work. Oil rigs are very interesting in such a way that they employ intricate processes and can be found in almost every part of the globe. 

Marine Life 

Louisiana State University conducted a study in 2002, and the results of their investigation surprised even the scientific community. According to the results of their research, oil rigs are giving a significant contribution to increasing the presence of marine life surrounding rig operations. Additionally, the study found out that there is a nearly 50% observable increase in marine life activity around active drill rigs as opposed to the surrounding marine areas that are far-flung from it.  

Moreover, the study also found out that, private and commercial fishing trips in the Louisiana area focused the majority of their fishing efforts around oil rigs installation. This goes to show that there is a high concentration of fish and other marine life in the areas where drill rigs are located, proving to us once again that the drill rigs Australia industry is not at all detrimental to the environment.  

Portability

Unlike the predecessors of oil rigs in the early days of oil drilling activities, they are now quite more portable. It is because they allow you to transport them from one drill site to another. 

The towering derrick at oil rig installations houses the drilling pipe and bits, which are all necessary for bedrock penetration for oil exploration efforts. The moment that the oil rig has exhausted all the available oil from a site drilling, the drill well will be sealed off and then the pipe equipment will be hauled back to the rig. It will take a large ship to move the rig and tow it to its next destination.  

Australian professionals, alongside Oceania, enjoy the rank of being the third-highest paid in the gas and oil industries. 

oil and gas

Oil and gas professionals from this region of the world, on average, receive the third highest form of compensation in the world. Leading in this position are the Europeans earning over USD 109K, whereas African salaries would be around six figures also, around USD 98K. However, the current compensation or remuneration packages offered to Oceania and Australian professionals are not lagging or far behind. On average, they receive at least USD 94K every year.  

Australia currently enjoys being the top exporter of LNG 

The country is right now fast becoming the largest, major exporter of LNG or liquid natural gas products. Industry experts have high optimism about this. They believe that there are many good reasons that it will surpass Qatar this year, 2020. 

Other sources are asserting that the LNG industry expansion in the country will be sustained and will continue in attracting project investments. Hence, opening up new long-term opportunities for employment for everyone. 

We will attribute this to the abundant production sources, natural gas fields, and coal seam gas – located onshore in the east and offshore in the west and north.  

Conclusion

The manifold worries that we used to have about drill rigs Australia industry in the many past decades are mostly unfounded. Nonetheless, what they are inadvertently showing us instead is the strength and fortifying industry trends, including the benefits that it has in store for the majority of its highly skilled workers.