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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	8/14/2013 8:14:03 AM
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Trinidad Drilling (TDG-T) will build what it believes will be Canada's biggest land-based drilling rig, which will be put to work plumbing the depths of British Columbia's far northeast looking for natural gas. TDG has signed a contract to build a 3,000-horsepower rig capable of drilling wells eight kilometres deep and will be stationed north of Fort Nelson in B.C.'s Liard basin shale gas formation. It will take a year to build the rig at Trinidad's plant south of Edmonton and it should be at work by September or October, 2014. Trinidad is not disclosing who its customer is. Spokesman Lisan Ciulka would only say the customer wants to drill for gas in support of potential sales contracts for an LNG proposal. "It's almost a chicken-and-egg thing," Ms. Ciulka said. "You have to prove up your (gas) reserves before you can get contracts for offtake (sales) of LNG once it's processed on the coast of B.C. Contracts are an important factor in justifying construction of plants." There are four major proposals at various stages of the planning process to build liquefied natural gas export plants in either Kitimat or Prince Rupert.

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