In this work, the vibrational analysis of an oil drill-string is carried out concerning nonlinear and nonsmooth dynamical model with coupled axial-torsional modes. This study aims to investigate the influence of operating conditions to avoid bit-bounce and stick-slip phenomena. A discrete lumped dynamic model with two degrees of freedom is considered. Dry friction and the possibility of loss of contact between the bit and the formation introduce two nonsmooth conditions into the system. Numerical simulations are performed to obtain the dynamic responses and to evaluate critical operating conditions. A parametric analysis is carried out to determine the influence of the weight on the drill bit and the angular velocity of the rotary table on the severity of critical vibrations for different drilling depths. A map is obtained, where normal operation, stick-slip, and bit-bounce responses are defined, allowing a choice of suitable parameters so that the drill-string does not experience critical vibration issues. The results indicate that the safety region, where normal operation is realized, depends on the drilling depth. However, when the angular velocity of the rotary table is equal to 10 rad/s and the weight on the drill bit is greater than 55 kN ensures normal operation for any drilling depth.