| Tethys Petroleum Drilling and Production Equipment - The Benefits of Owning Equipment |
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Although Tethys Petroleum is not an equipment contractor, it does own oilfield equipment. The decision to purchase equipment was based on the flexibility obtained in remote areas of operation and cost saving as opposed to contracting.
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Conventional contractors are reluctant to bring equipment to such remote areas because of cost, time and logistical constraints, especially for single well programs.
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The cost of contracting a third party in remote areas for single projects can be prohibitive and render the economics of the project impossible. Owning equipment offers much greater flexibility as to work plans, and the equipment can be leased out to third parties for daily rates if it is not in use.
Flexibility allows Tethys petroleum to plan ahead for operations easily and avoid project downtime while waiting for equipment to become available. |
Current Equipment |
Each of the Tethys Petroleum's drilling rigs are named after daughters of the Goddess Tethys:
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Rig "Telesto": ZJ70 400 tonne deep drilling rig with a depth capability in excess of 7,000 metres |
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Rig "Tykhe": ZJ30 180 tonne mobile drilling unit, with a depth capability of 3,500 metres |
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Rig "Thoe": UP60/80 tonne diesel truck mounted mechanical drilling rig with a depth capability of 2,000 metres |
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Rig "Pasithoe": A50 50 tonne hookload diesel truck mounted mechanical drilling/workover rig |
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Rig "Melite": A37 tonne workover rig |
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Trailer mounted Coiled Tubing Unit with Hydraulic Injector Head |
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10,000 PSI pressure rated Cementing Unit with recirculating mixing system |
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Gasodynamic research mobile lab |
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Swabbing unit |
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Pumping units, forklifts, 25 and 50 tonne lifting capacity cranes |
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Pipeline welding equipment |
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Trucks, tanks and other ancillary equipment |
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