Trinidad Drilling signs contract to build new rig for Canadian Liard basin

8/2/2013

Trinidad Drilling signs contract to build new rig for Canadian Liard basin

CALGARY -- Trinidad Drilling is pleased to announce that it has signed a contract to build one of Canada's largest and most technically advanced land rigs. The rig is being constructed to drill natural gas in the Liard Basin, an area that is being developed to supply gas for the future liquefied natural gas (LNG) plants proposed for the west coast of British Columbia.

The new rig will be constructed at Trinidad's in house manufacturing facility in Nisku, Alberta and will be equipped with the Company's latest advancements in high performance drilling technology, including an automated rig moving system.

The rig will be operating under a five year, take or pay contract with a minimum of 350 days per year and is expected to be delivered in to operations in the second half of 2014.

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