Starting a Drilling Business

If you are starting a drilling business, you need to be serious and determined because this is a large scale business. To ensure success, you will need to create a bulletproof business plan.

Determine the services that you’re going to offer and among these services are land drilling, drilling rigs, rental tools, and project management.

Open your own Drilling Business

A drilling business is a large scale one and you will surely need funding. To ensure success, you will need to create a bulletproof business plan. Without a business plan, you’re sure to fail. How can you create the business plan? Well, you can create it on your own or you can hire a professional to do it for you as long as your requirements are met. Thorough research is very important and you must determine if it’s a viable business in your area. It would also help if you establish a business website. The business plan will cover all aspects of the business like marketing, financials, management, and other important aspects.

As mentioned earlier, you will surely need funding this is a large scale business. This is no longer a problem because a comprehensive plan is your key to getting the needed funds or capital. As you work on the business plan, you should already determine the services that you’re going to offer. Among these services are land drilling, drilling rigs, rental tools, and project management. As you expand, you can also offer quality programs, logistics, technical training, human resources, environmental programs, health and safety programs, alliance management, and preventive maintenance.

Services to Offer

You can also offer rental tools like drill collars, drill pie, cement mills, junk, casing scrapers, choke manifolds, blowout preventers, tubing, and many others. Once you’ve determined the services that you’re going to offer, you can now find the ideal site for the business. You will need to inquire at the concerned government agency for the ideal location for such business. Choose one that is easily accessible by your clients. Apply for a business license and the utilities. Purchase the needed equipment, vehicles, and other important materials to run the business. Hire the needed employees and make sure that get only the competent ones.

Having your own business website can be an advantage. That way, potential clients from other places can easily reach you. Offer a wide range of services so that you can earn great profits. Advertise your business locally and online. You can do this by using newspaper ads, flyers, and business cards. Word of mouth advertising can also work for your business especially if you’re good in your chosen field. Don’t forget to establish the pricing of your services. When everything is set, you can now open the business. With the right management skills, your business will become popular in no time. Refer to your business plan to ensure that you’re on the right track.

6 Comments

  • one chakalisa said on October 21, 2013
    This site is helpful on to how you can start your own business,i want to thank you for the ideas that you are giving to us
  • Rizwan said on December 7, 2013
    Hi, I am in chennai, Tamilnadu, India. i am interest to start steal manufactures limited company, kindly explain to start, otherwise its profit business or what . kindly help me on this
  • Hani said on February 20, 2014
    Hi, I'm in starting to establish Oil & Gas Drill Company in Iraq, could you help me to write up the company strategy business plan.
  • Ejaj Qureshi said on February 23, 2014
    Hello, i am trying to purchase the Offshore drilling Rig my idea is to purchase the rig & do collaboration with the well established drilling company in mumbai india i am very small but i am thinking of very big do you advice me how can i proceed for now i don't have any finance right now but i am planing to buy the which i am working on & the company decided to sell this rig in 400 Crore INR. Please advice.
  • Dagnachew molla said on August 24, 2017
    hi my name is dagnachew from Ethiopia . I need to know about water well drilling business plan or proposal.
  • Fikru said on August 16, 2018
    Hi, My name is Fikru from Ethiopia. I need to know how to write a business plan for establishing a geothermal drilling company. Can you help me?

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