Every oil expert knows that the right equipment is the most crucial part of working in an oilfield. Whether you are new to the industry or boast of years of experience, reliable oilfield equipment gets the job done right.
Unfortunately, the high cost of buying new equipment can prevent many businesses from taking on some projects or growing their business.
Fortunately, there is a cheaper way to minimize costs while still maintaining quality. This is through renting oilfield equipment. Offshore well intervention companies provide rental services for those seeking oilfield rental equipment.
It’s actually beneficial to rent oilfield equipment for several reasons highlighted below.
Cost-effective
You probably realize how costly it is to run a company. This means you will need all the money you can get your hands on. Fortunately, renting equipment makes things easier for you. Since you won’t be spending insanely high amounts of money to buy equipment for your company, you will have this capital for emergencies or cater to other business needs.
Zero maintenance costs
Maintenance is a crucial component of any equipment, and it sometimes doesn’t come cheap. By renting your equipment from a reliable supplier such as PRT Offshore, you will have the confidence that you are using properly maintained equipment. This also means professional technicians maintain the equipment for no extra cost.
When you rent your equipment, you benefit from:
- Sourcing machine parts
- Preventive maintenance
- Paying for technician labor fees
- Purchasing maintenance tools
- Funding emergency repairs
- Managing equipment records
Little to no upfront costs
With buying new equipment, you must put down a down payment upfront or pay for the whole amount. This is not the case with renting. There are almost no upfront costs associated with renting, which come in handy for start-up companies with little money to spare.
Whatever your budget is, you can be assured that you will find great rental equipment.
Flexibility
Different jobs require different equipment, meaning you will require different equipment for different projects. Instead of making the same equipment work in each of these projects, you can access any equipment you need. This kind of flexibility allows your projects to continue without a hitch at a lower price.
In addition, with a credible supplier, you get top-of-the-line equipment meaning you can take on new projects at any time. Overall, renting oilfield equipment minimizes delays.
Work with the right equipment
Having the right equipment means you can always take on any new projects. It also means growth for your company when you take on projects that could otherwise be difficult with your own equipment.
Having the wrong type of equipment also means higher operating costs since you will require a bigger workforce to work. By renting equipment, you can rest assured you have the right equipment for every project.
Make your business more mobile
To succeed in the oil and gas industry, you have to go to where the oil is. This means you might have to work in places far away from your local area. Renting equipment makes it easy to work in whatever area, hence opening more opportunities for you.
