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AverageAustralian111 t1_jc2fmla wrote

Reply to comment by Kaptonii in Chart: Clean energy to make up 84% of new US power capacity in 2023 by captainquirk

I know almost nothing about this field, is restarting and repurposing old rigs any better than building new ones? Intuition would say yes but like I said I have no idea

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Kaptonii t1_jc2gpyh wrote

Ya, there is a huge upfront cost to building a rig (engineering hours alone are insane lol) Especially offshore rigs. Also, building a new rigs takes a long time, like several years, and these contractors want to churn out profits ASAP.

Also, most rigs are mobile. Once they are built, they can be moved to new wells. The ones that are not mobile are left there, and when new tech comes out to suck more oil out of a well, they are updated and reused.

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AverageAustralian111 t1_jc3qw6m wrote

Huh, that's really good to know. I had heard from a geopolitical analyst (my field) that oil rigs take 7 years to build and offshore takes 10 and I thought he must be exaggerating but I guess not lol.

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