The Mexican joint venture, owned 51% by Drillers Technology Corp. and 49% by Dowell Schlumberger de Mexico, now including Rig 4, will operate 8 rigs in Mexico of which 4 rigs are drilling in the Burgos area and 4 rigs in the Chicontepec field. All rigs will continue to drill for Schlumberger under the terms of its existing daywork contracts and continue to be fully utilized.
In addition to the 51% interest in eight rigs held through the Mexican joint venture, Drillers Technology now has six wholly owned drilling rigs. One rig is contracted to Kuukpik Drilling in Alaska, and five rigs are contracted to winter drilling programs located in western Canada and are expected to be fully utilized through to spring break-up.
Most Popular Articles