Exploration & Production

Canadian explorers continue to struggle

Canadian oil and gas drilling contractors are continuing to struggle in a competitive market even though drilling is forecast to increase in 2018.
By Staff reporter 22 November 2017 0 28500

Canadian oil and gas drilling contractors are continuing to struggle in a competitive market even though drilling is forecast to increase in 2018, an industry association has said.

The Canadian Association of Oilwell Drilling Contractors (CAODC) estimated in a release on Tuesday that 6,138 wells will be drilled in 2018 compared with 6,031 in 2017.

Despite this, the recent cancellation of two huge developments – Petronas’s Pacific NorthWest LNG export facility and the Energy East pipeline – and delays to the Trans Mountain pipeline project have...