Workover rig price
Complete Technical Specifications (Price Reference Table)
The table below links specifications to price drivers. Use it to understand what you are paying for.
| Specification | SJW-90 | SJW-150 | SJW-200 | SJW-250 | SJW-300 |
|---|---|---|---|---|---|
| Hook Load (lbs) | 90k | 150k | 200k | 250k | 300k |
| Mast Height (ft) | 72 | 96 | 102 | 108 | 112 |
| Mast Steel Weight (tons) | 8 | 14 | 18 | 24 | 32 |
| Hydraulic Pump Flow (GPM) | 45 | 70 | 90 | 110 | 130 |
| Number of Hydraulic Circuits | 4 | 6 | 8 | 10 | 12 |
| Control Cabin | Analog | Digital | Digital + PLC | PLC + data logging | PLC + remote |
| Standard Warranty (months) | 12 | 18 | 18 | 18 | 18 |
| Typical Manufacturing Time (months) | 4 | 6 | 7 | 8 | 10 |
Workover Rig Price – Complete Solution Package vs Equipment Only
Many buyers ask: "Should I buy just the rig or a full solution?” Here is the price difference:
| Package Type | Included | Price Premium vs Equipment Only | Best For |
|---|---|---|---|
| Equipment only | Rig, basic manuals, standard warranty | Baseline | Experienced in-house teams |
| Equipment + training | Adds 5 days onsite training, 2 days commissioning support | +$25,000 – $40,000 | First-time owners |
| Turnkey (land) | Rig + training + 1-year spares kit + commissioning + 1 service visit | +$60,000 – $100,000 | Operators with no local support |
| Turnkey (offshore) | Above + marine coating + offshore certification + platform integration engineering | +$120,000 – $200,000 | Platform owners |
| Rental (per month) | Rig only, no spares or crew (dry rental) | $15,000 – $40,000/month depending on model | Short-term projects |
How to Get the Best Workover Rig Price Without Sacrificing Quality
Do not simply buy the cheapest quote. Here is what experienced procurement managers do:
1. Right-Size the Hook Load
Over-specifying doubles your price. Calculate your actual tubing weight + 20% safety margin. Use our free sizing tool (below) or send us your well data.
2. Choose Hydraulic Unless You Have a Specific Need for Electric
Electric is quieter and cleaner but costs more upfront. If you have reliable grid power and strict emissions rules, pay the premium. Otherwise, hydraulic gives you more value per dollar.
3. Skip Snubbing If You Don’t Need Live-Well Intervention
Snubbing adds $80k–$350k. Only buy it if you regularly work on wells that cannot be killed (high pressure, underpressured, or environmental restrictions).
4. Consider a Trailer Rig Instead of a Truck Rig
A trailer rig (pulled by your existing prime mover) is $40k–$80k cheaper than a dedicated truck-mounted rig. Use your own truck.
5. Order Standard Paint & No Custom Graphics
Custom colors and logos add $5k–$15k. Not worth it unless you are a contractor branding multiple rigs.
6. Buy Spare Kits Separately (or Later)
You don’t have to buy the full spares kit with the rig. We can quote and ship it 3–6 months later. Spreads your cash flow.
7. Combine Order for Multiple Rigs
Order 2+ identical rigs → we discount 5–10%. Order 5+ → 10–15% discount. Tooling and engineering amortized.
ROI – How Long to Recover Your Workover Rig Investment?
Buying a workover rig is a capital decision. Here is typical payback for a $500,000 rig (SJW-150):
| Scenario | Annual Workover Days | Contractor Rate Saved ($/day) | Annual Saving | Payback Period |
|---|---|---|---|---|
| Replacing contractor | 100 days | $3,000 | $300,000 | 1.7 years |
| Replacing contractor | 60 days | $3,000 | $180,000 | 2.8 years |
| Adding in-house capacity (reduce waiting time) | 40 days | $2,500 (value of earlier production) | $100,000 | 5 years |
| Renting rig out to other operators | 150 days rental @ $1,500/day (dry) | $225,000 | $225,000 | 2.2 years |
Why Choose SJ Petro for Workover Rig Price & Value?
1. Transparent Pricing – No "Market Price” Games
We publish indicative ranges. Our quotes include a line-by-line breakdown: steel cost, hydraulic components, labor, testing, and profit margin. You see exactly what you pay for.
2. Lower Operating Costs, Not Just Lower Purchase Price
Our rigs use fuel-efficient hydraulic pumps (load-sensing) and standard, off-the-shelf components. Over 5 years, operating cost is 15–25% lower than many competitors because we design for easy maintenance.
3. Flexible Payment Terms
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30% deposit, 30% on major component completion, 30% before shipment, 10% after commissioning (standard)
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Letters of credit accepted (confirmed, irrevocable)
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Leasing and rental options for clients with budget constraints
4. No "Cheap Then Expensive” Trap
Some manufacturers quote a low base price then charge exorbitantly for "mandatory” options (e.g., safety system, BOP, basic instrumentation). Our base price includes all essential safety and operational features. Options are truly optional.
5. Volume Discounts for Fleet Buyers
If you need 3+ rigs, we negotiate a fleet price. Ask about our "standardized fleet program” – identical rigs, shared spares, discounted training.
6. Price Protection for Long Lead Times
If you place a deposit and our material costs increase during manufacturing, we absorb the first 5% increase. Beyond that, we share equally. We do not surprise you with retroactive price hikes.
7. Free Well Sizing Consultation
We will analyze your wells and recommend the most economical rig configuration – even if it means selling you a smaller, cheaper rig than you initially thought. Integrity matters.
Frequently Asked Questions (FAQ) – Workover Rig Price
Q1: What is the cheapest workover rig you sell?
Our SJW-90 hydraulic skid rig starts at approximately $180,000 USD (FOB China). This is a basic, functional rig for shallow wells (up to 7,000 ft) with manual pipe handling. Suitable for light workover and rod pump servicing.
Q2: Does your price include shipping?
No. FOB China means you pay for ocean freight, insurance, and inland transport at destination. We can provide estimated shipping costs to your port – typically $15,000–$40,000 depending on volume and destination.
Q3: How much does commissioning cost?
Our commissioning service is $500 per engineer per day + travel and accommodation. Typical 2 engineers for 10 days = $10,000 + expenses. We can include this in the total price as a line item.
Q4: Can I get a used or refurbished workover rig at a lower price?
We do not typically sell used rigs, but we occasionally have trade-ins or rental fleet units being sold. Prices are 30–50% less than new. Contact us for current availability. All used rigs are refurbished, load-tested, and come with a 6-month warranty.
Q5: Do you offer financing?
Yes. We work with leasing partners in North America, Europe, and the Middle East. Typical lease: 10–20% down, 3–5 years term, interest rates depend on your credit. Operating leases (off-balance-sheet) available.
Q6: How do I avoid hidden costs when comparing quotes from different manufacturers?
Ask each supplier for a "total delivered, commissioned, and trained” price. Compare:
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Is BOP included?
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Is wireline and traveling block included?
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Are hydraulic hoses and fittings included?
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Are outriggers and leveling jacks included?
We include all of the above as standard. Some competitors do not.
Q7: What is the typical price difference between hydraulic and electric for the same hook load?
Electric is roughly 10–15% more expensive. Example: SJW-200 hydraulic ~$650k; SJW-200E electric ~$750k. But electric consumes less energy (if grid power is cheap) and has lower noise – offsetting over time.
Q8: Can I order a rig with a payment plan after delivery?
We can structure milestone payments, but we do not typically offer post-delivery financing without a bank guarantee or letter of credit. Leasing partners provide that service.
Q9: How much does a snubbing stack add to the price?
As above: $80k–$350k depending on pull/push capacity and pressure rating. A standard 150k lbs snubbing stack (5k psi) is about $100k adder.
Q10: Do you offer a price match guarantee?
We do not publicly match every competitor, but we will review any written quote from an API-certified manufacturer. If they offer equivalent specifications, we can usually beat their price by 5% or explain why their rig is not equivalent. Fair competition.
Q11: What is the price for a remote monitoring system (Workover iSys)?
Hardware + installation: $15,000–$25,000 depending on sensors. Cloud data subscription (first year included): $3,000/year thereafter. No mandatory subscription – data can be stored locally.
Q12: Can I get a discount if I order multiple rigs over several years?
Yes. We offer a "fleet loyalty discount” – starting at 3% for the second rig, 5% for the third, and 7% for the fourth and subsequent rigs, regardless of order timing within 24 months. Ask for our fleet pricing policy document.
