• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

CAODC commends Federal Government for $1.7 billion investment in well reclamation

April 17, 20203:14 PM BOE Report Staff

The Canadian Association of Oilwell Drilling Contractors is pleased with the Federal Government’s $1.7 billion commitment to the reclamation of abandoned wells at a time when workers in the oil and gas industry are struggling.

An investment like this will put well-servicing companies back to work for an extended period, and will also employ many of the ancillary services related to well abandonment such as excavation and transportation companies. Additionally, steady service rig activity in communities in western Canada means local businesses will also see a much-needed increase in revenues.

“This announcement is great news for service rig companies, and means many of our members can count on steady work this year,” says CAODC President & CEO Mark A. Scholz.

While today’s announcement is encouraging, CAODC looks forward to working with the Federal Government in the coming weeks to develop additional measures of support for Canada’s oil and gas service industry.

“We appreciate the Federal Government being receptive to our concerns during this crisis,” notes Scholz. “We anticipate additional announcements of liquidity support for our members. Our sector can play a significant role in reopening the Canadian economy and producing jobs and opportunity.”

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Canada unveils GHG reduction credits to boost carbon trading market
  • Canada’s weekly rig count drops 5 to 172
  • AER suspends SanLing Energy Ltd.’s operations
  • U.S. drillers add oil and gas rigs for second week in a row
  • Tamarack Valley Energy upsizes previously announced financing

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.