CALGARY — The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services, said Precision Drilling chief executive Kevin Neveu.
The contract driller is seeing demand exceed its expectations, he said on an earnings call Thursday, as the expansion of the crude oil pipeline to the West Coast approaches a May 1 start of commercial operations.
"We see this momentum continuing throughout the summer and exceeding our prior view on Canadian rig demand," said Neveu. In Canada, Precision averaged 73 active drilling rigs for the quarter, compared with 69 a year earlier.
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