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PILING

How to finance a new rig

What are the potential options contractors can use to finance the purchase of a new rig

Duncan Moore
Bauer is one of the large rig manufacturers that can offer financing packages to potential buyers Credit: Bauer

Bauer is one of the large rig manufacturers that can offer financing packages to potential buyers Credit: Bauer

With drilling rigs ranging in price from a few thousand pounds for a basic geotechnical up to hundreds of thousands of pounds for a large diameter CFA piling rig, investing in new ones can be an expensive...

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