Trinidad Drilling

Trinidad Drilling has agreed to acquire all shares of CanElson Drilling in a cash and stock transaction valued at approximately USD 505 million before the assumption of debt. The combined company will operate a fleet of 163 land drilling rigs. CanElson’s fleet contained 51 rigs with an average age of approximately 5.6 years.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.