This is not how 99% of drilling contracts work. Addressed in the...

This is not how 99% of drilling contracts work. Addressed in the other thread. Drilling contractor is not paid based on meterage or wells drilled. They are paid per day of operating. Regardless of operations. There was a rig that I was on a year ago and while the client decided what to do after a well collapse, it sat for months and months getting standby rate. Even our third party equipment onsite with no personnel received a standby rate for the entire time. Costs are only on the drilling contractor when they are at fault. Such as rig breakdowns. Getting stuck unless found the be the drilling contractors fault for some rare case, is worn by PRL.