According to the manufacturer, the rig's bolt-on modular components - a new concept in rig design - shorten lead time while making it a truly multipurpose rig.

The modular design means Diamondback owners will be able to reconfigure their rig in response to changes in market opportunities without special kits, makeshift fabrications or having to purchase another rig.

Safety enhancements include features and options such as hands-free pipe handling and breakout, enlarged operator and helper stands, a table safety cage and catwalks that meet industry safety standards, Atlas Copco said.

Powered by the truck's 600hp engine, drilling operations of the Diamondback are PTO (power take-off) driven, like the Atlas Copco T2W and Atlas Copco TH60. An optional deck engine module is available for those who prefer a separate engine for drilling operations.

The first series of Diamondback rigs is being introduced in the 40,000lbs (178kN) pullback class. Pulldown is rated at 30,000lb. Future additions will range from 25,000lb to 100,000lb rigs.

The first production rig will hit the field this summer, with more coming out of the Atlas Copco facility in Garland, Texas, later this year.

Tom Moffitt, business development manager for deep hole drills at Atlas Copco Mining, Rock Excavation and Construction, said the Diamondback rig's modular design shortens lead time due to bolt-on components that share universal mounting locations and connection points.

"Factory slots won't have to be limited to just a few rigs of select models with little commonality among their rig-specific parts," Moffitt explained.

The Diamondback will be available globally.