Insight
Canada's Liard Basin - high-spec rigs signal vote of confidence
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 30 July 2013, two drilling companies, Trinidad and AKITA, both announced they had separately been contracted by a senior multinational producer to build amongst the largest and most technically advanced land rigs in Canada. The estimated Cdn$40-million (US$39-million) fit-for-purpose rigs are expected to be used to drill for natural gas in the Liard Basin in northeast British Columbia.
Table of contents
- Big rigs for a big resource
- Only a handful of players and a mammoth resource
- Well performance rivals the best of North America
- Huge productivity wells paving the way for a multi-billion dollar commitment
- But challenges remain
- Liard gas may prove critical to success of LNG export
- LNG – if you drill it they will come
Tables and charts
This report includes the following images and tables:
- Liard acreage positions and resource potentials
- Location of Liard Basin and proposed LNG export terminals
What's included
This report contains:
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