Reuters correspondent Ernest Scheyder took a trip to the Pennsylvania facilities of Schramm Inc, where it is building the next generation oil-drilling rigs. Schramm’s goals are ambitious: to make drilling faster, cheaper and safer.
It might not look like much but this 500000 pound oil drilling is doing something few others in the world. It's walking. I'm Ernie Schneider with Reuters here in west Chester Pennsylvania at the headquarters of -- I am -- a company building a drilling rate that's a step ahead. Of everything else. This -- can move from drill hole to drill hole on its own be operated by remote control and load -- automatically. Instead of valves and dials that controller has joy sticks appealing to a generation of workers are raised on video games. The T 500 XP takes fewer people operate and a lot last race. As opposed to some of the conventional rigs are still operate today it was there men. Seven feet in the air this machine has no nobody seventy feet in the air effect. The -- paneling is done from inside the cabin. It's safer smarter. And smaller. Shrimps T 560 ships and roughly half the amount of loads of conventional -- can assemble itself. And walked to the next well. If there's a problem. The rate can talk back sending data from its more than 200 sensors to strange headquarters where errors can be diagnosed and fixed. Reuters got -- tore the team -- 160. Built entirely in Pennsylvania. And this one already sold is headed for Australia. In Australia we spent I don't know million dollars in big. So if you're more like six times a year -- six million dollars but for a TXT at -- 560. I think. -- -- would be spending. Less than half a million dollars so. That that's really -- -- it got got the calls -- -- Sure and achieved international -- in 2010. When its drilling rate nicknamed miracle. Was the first to reach 33 Chilean copper miners trapped half a mile underground for more than two months. With the T 560. Sharon is hoping to make headlines yet again and move the drilling industry into the 21 century.