The rig for selectively inserting coiled tubing or a threaded tubular through a rig floor 13 and into a well includes a mast 15 extending upward from the rig floor and movable between a threaded tubular position and a coiled tubing position. A top drive 21 is movable along an axis of the mast to insert the threaded tubular in the well when a top drive axis 42 is substantially aligned with the axis 44 of the well. Injector 17 supported on the mast inserts coiled tubing into the well, with the injector having an axis 46 offset from the top drive axis and substantially aligned with the axis of the well when the mast is in the coiled tubing position. A powered drive 54 is provided for selectively moving the mast between the threaded tubular position and the coiled tubing position.