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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jim_p who wrote (84728)1/19/2001 10:06:52 AM
From: Tomas  Read Replies (1) of 95453
 
Drillers yearn for Arctic's winter chill
Financial Post, January 19
By Claudia Cattaneo

While most of us are already eager for spring, well-drillers in the Canadian Arctic are hoping for a little more of the winter chill in the coming weeks. Balmy winter weather there has delayed the drilling of the most-anticipated natural gas well in the oilpatch by about two weeks. Much is riding on the wildcat well, the first major well to be drilled in the Mackenzie Delta region in about a decade. A successful discovery would prove there is huge undiscovered natural gas reserves in Canada's North.

"The equipment is all being hauled up there, but you have to move around on ice roads and it has been a little too warm for that," said J.C. Anderson, chairman and chief executive of Anderson Exploration Ltd., which shares ownership of the well with Petro-Canada, its operator. With temperatures rising close to zero degrees Centigrade, drilling has been postponed until at least mid-February, from earlier in the month.
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