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Canada's Liard Basin - high-spec rigs signal vote of confidence

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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.

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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 2 images and tables including:

Images

  • Liard acreage positions and resource potentials
  • Location of Liard Basin and proposed LNG export terminals

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