Oil operators spend billions of dollars each year on oilfield equipment. Some of the products purchase consists of casing, tubing, pump jack, oil rig, rotary tables, block, truck mounted rigs, jack up rigs. There are hundreds of company that sell equipment. Finding and buying oilfield equipment such as oilfield drill bits and coiled tubing is not necessarily simple. The businesses the use this equipment are working in a very high pressure situation that requires the finest parts and services so that the operations can be as safe as humanly possible.

There are more than 40,000 oil fields that require specialized equipment to run. Some are on land, others are offshore. No matter where the field is located oilfield equipment is required. Oil fields are regions with a large quantity of oil wells. Most of the wells are extracting crude oil.

With the growing need for oil the necessity of moving the equipment from old location to the new oil field is increasing. Once a new oil field has been found the extraction should be started immediately and thus the need for moving various equipment like drilling dampeners, pulsation dampeners and many more is vital to the oil extracting companies. As a result of this there is an increased demand for drilling rig moving equipment. Oil industry companies no longer invest in fixed drilling equipment. It is more cost effective to be able to transport a drilling rig to new oil deposits than to go for new equipment as these equipment are very expensive.