What Does Drilling Rig Mean?

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What does Drilling Rig mean? Read on to discover the definition & meaning of the term Drilling Rig - to help you better understand the language used in insurance policies.

Drilling Rig

Drilling Rig

A large structure with equipment used to drill oil wells and natural gas extraction wells. Drilling rigs can be mobile equipment mounted on trucks or trailers, or more permanent land- or marine-based structures (such as onshore or offshore platforms).

We hope the you have a better understanding of the meaning of Drilling Rig.

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