Standards for Material Strength in Drilling Rigs The material strength and structural integrity standards for drilling rigs are primarily governed by major international and industry-specific codes due to the harsh operating conditions (dynamic loads, fatigue, corrosion, high pressure, and temperature). The most critical standards include: 1. API (American Petroleum Institute) Standards API Spec 4F: The primary specification for the design, manufacture, and inspection of Drilling and Well Servic

API President & CEO Mike Sommers joined CNBC’s Squawk Box Europe to discuss why bipartisan permitting reform is essential to unlocking U.S. energy potential and powering global growth amid rising energy demand. | The American Petroleum Institute