Drilling-Performance-Contract-An-Evolution-in-the-Partnership-Between-Operator-and-Rig-Contractor PDF 2
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Performance contracts are increasingly common in the drilling industry, especially in recent years. This incentivized contract structure, established as a partnership between operator and contractor, improves<br>both well performance and operational execution while incorporating the rig contractor as an additional stakeholder in the operational performance of the well. Many performance contract styles exist, with one<br>common goal: if targets are met, all parties involved benefit.<br>An increasingly common performance contract type is a tier-structure KPI (Key Performance Indicator) format. In this fo
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