MORE FLEET ADJUSTMENTS SEEN NEEDED FOR DRILLING INDUSTRY

Kathryn Lundy Canadian Association of Oilwell Drilling Contractors Calgary The Canadian oil and gas industry has been in a mode of restructuring since the late 1980s as it became increasingly apparent that the natural gas "boom" which was to replace activity previously generated by high oil prices was not going to materialize. The production companies operating in Canada are concentrating on rationalization of land holdings and corporate downsizing and realignment rather than exploration and

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