Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in thedrilling sector. In particular for oil service contracts, since those companies have the most directcontrol of drilling efficiency. A large variety of contract types are in use, including within...

Shortages of rigs and personnel have encouraged discussion of designing incentive contracts in the drilling sector. However, for the drilling contracts, there are not a large variety of contract types in use. This article describes and analyses incentives for drilling contractors. These are...

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Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in the drilling sector. In particular for oil service contracts, since those companies have the most direct control of drilling efficiency. A large variety of contract types are in use, including within...