The massive LNG Canada facility nearing completion near Kitimat, B.C., is expected to start operations by mid-2025
Trainees are directed to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., in January, 2016.said it will be closely watching the startup of this country’s first liquefied natural gas export facility after being caught off guard by the dramatic increase in drilling following the opening of the Trans Mountain pipeline expansion.
“We were surprised by how quickly customers responded to capacity with the Trans Mountain pipeline. I’d say the demand was 10 to 15 per cent higher than we expected resulting from that pipeline expansion,” Neveu said on a conference call Wednesday to discuss the company’s third-quarter financial results..
Neveu said the uptick in demand is coming both from customers drilling heavy oil, as well as those drilling natural gas condensate, which is added by producers to heavy oil to make it less viscous and easier to transport. All of the new demand means that Neveu expects to see Western Canada’s winter drilling season ramp up quickly this year, with peak seasonal drilling activity likely exceeding last year’s.Precision Drilling Corp. said Tuesday after the close of markets that it earned $39 million in the third quarter of 2024, nearly double what it earned in the same period last year.
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