What Are The Benefits Of Drilling Oil?

Even with the demand for oil increasing daily, you’ll be surprised to know that oil wells in Canada decreased from 4685 in 2018 to 3244 in 2019. The low supply coupled with the high demand is a great opportunity for you to pounce on and make profits.

With oil drilling, you won't only be getting profits, but you’ll also benefit the overall economy. Continue reading to find out some benefits of drilling oil.

An oil drilling rig in Canada at sunset

Creates Employment Opportunities

It's no secret that the pandemic has increased unemployment rates in Canada. One of the best way to tackle this problem is to set up industries that can employ several people. Setting up an oil rig is an excellent way to do just that. A single oil rig employs hundreds and thousands of workers and pays them well too.

Decrease Dependence On Oil Imports

Canada has been relying on oil imports from the US and Saudi Arabia for far too long. With the transport costs and the customs duties, it's no surprise that oil prices skyrocket. This is why the Canadian economy must become independent by drilling oil themselves.  

By setting up an oil drilling rig in Canada, you can sell oil at low prices since you won't have to pay any custom duties and have minimal transport costs. The low selling price can be an excellent way to stamp your authority in the market and compete with the firms that import oil.

However, before setting up an oil rig, you’ll have to research properly to find a reputed firm that provides durable drilling instruments.

Benefits The Environment

Canada is a country blessed with a massive amount of oil underground. The untapped oil resources can leak through the earth’s surface and cause pollution. If you want to play your part in preventing the pollution of the ocean, it's time you set up an oil drilling rig. This way, you won't only be earning a great amount of money, but you’d also be saving the environment.

An oil rig in Canada.

Get Oil Drilling Instrumentation Today!

Setting up an oil rig can take an eternity if you don’t have the right equipment. This is why we recommend you opt for drilling rig equipment from Contact Instruments. They’ve got experience of ninety years in the oil and gas drilling industry. Their experts are known to manufacture numerous customized drilling equipment, which includes over-molded cable, mud gauge, pressure gauge, trash pump parts, weight indicator systems, torque gauges, and many more.

Apart from top-class drilling equipment, they also offer top-notch CNC machining services. Their team of experts uses the latest CAD/CAM services to create unique CNC machines.

Get in touch with them today for more details.

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