Borr Drilling (NYSE:BORR) & Precision Drilling (NYSE:PDS) Critical Analysis

published 27.09.2020 12:46

The Completion and Production Services segment provides well completion, workover, abandonment, and re-entry preparation services, as well as snubbing units for pressure control services and equipment rentals to oil and natural gas exploration and production companies.

The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products.

It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.

This segment operated 198 well completion and workover service rigs, and 12 snubbing units in Canada and the United States; approximately 1,700 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada.

by James Nelson from dispatchtribunal.com

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