How to Find Your First Oil Well Drilling Contract (Step‑by‑Step Blueprint)
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
Securing your first oil well drilling contract is a milestone for any new contractor. In 2026, major operators demand proven safety, compliance, and insurance coverage before awarding contracts. Following a strategic, step-by-step approach can help your drilling business land its first contract efficiently and safely.
Wexford Insurance helps drilling contractors meet the insurance requirements that operators expect, ensuring your applications are strong and compliant.
Step 1: Understand Operator Requirements
Before approaching operators, research their vendor criteria. Most major operators—including Chevron, Shell, and BP—require:
OSHA-compliant safety programs
Properly trained personnel and qualified crews
Financial and operational stability
Insurance coverage meeting specific limits and endorsements
Step 2: Obtain Essential Insurance
Insurance is not just regulatory—it’s a contract enabler. Essential policies for new drilling contractors include:
General Liability Insurance – Protects against third-party injury or property damage
Workers’ Compensation – Covers employees for workplace injuries
Control of Well / Pollution Liability – Mitigates high-risk drilling incidents
Contractor’s Equipment Coverage – Protects rigs and tools
Wexford Insurance specializes in tailoring programs to meet operator-specific requirements and facilitate vendor approval.
Step 3: Prepare Safety and Operational Documentation
Operators expect proof of safety and operational readiness. Prepare:
OSHA training records
Safety and compliance programs
Equipment maintenance logs
Proof of crew qualifications
Well-organized documentation demonstrates professionalism and helps your application stand out.
Step 4: Register on Operator Vendor Portals
Most major operators have online systems for contractor registration. To streamline approval:
Submit insurance certificates listing the operator as Additional Insured
Upload safety and compliance documentation
Complete financial and operational questionnaires
Prompt and accurate submissions increase your chances of quick approval.
Step 5: Network and Market Your Services
While vendor registration is essential, proactive networking helps land contracts faster:
Attend industry events and conferences
Build relationships with field engineers and operator procurement teams
Leverage professional organizations and local drilling associations
A well-prepared insurance program and safety record make you a preferred choice.
Why Wexford Insurance Matters
Wexford Insurance works exclusively with oil well drilling contractors to provide:
Coverage that meets operator requirements
Support for vendor approval processes
Protection for rigs, crews, and high-risk operations
