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The Sidoarjo mud flow is the result of an erupting mud volcano [4] in the subdistrict of Porong, Sidoarjo in East Java, Indonesia that has been in eruption since May 2006. It is the biggest mud volcano in the world; responsibility for it was credited to the blowout of a natural gas well drilled by Lapindo Brantas, although some scientists [5] and company officials contend it was caused by a ...
Precision Drilling Ltd. was founded in 1951. [3] In 1987, Precision Drilling was acquired by Cypress Drilling, led by president Hank Swartout, in a reverse takeover which left the company with a fleet of 19 rigs. [4] Swartout led the company through extensive growth until his retirement in 2007. [5]
The Indonesian government approved the feasibility study in 1997, allowing construction to commence in the same year. Additional drilling programs continued to define the deposit from 1996 to 1998. Total capital costs for the initial Batu Hijau Project were $1.8 billion. The Batu Hijau mine was the largest "green-fields" mining project ever built.
Precision Drilling (PD) revenue came in at C$236 million in 1Q 2021, compared to C$379 million in 1Q 2020. The adjusted EBITDA of C$55 million was 47% lower than in the previous year. Net loss ...
A look at the shareholders of Precision Drilling Corporation ( TSE:PD ) can tell us which group is most powerful. Large...
Pertamina Drilling Services Indonesia PT PDSI was established on 13 June 2008 as a drilling service management business entity. The services provided comprise drilling, workover activities, and drilling services that use a Daily Rate and Integrated Drilling Management (MPT) system for oil, gas, and geothermal wells.
Precision Drilling Corporation introduces the Super Single Light drilling rig, a scaled-down version of its Super Single rig, as a safe and cost-effective alternative to coiled tubing drilling. Precision Drilling Corporation announces it has successfully operated its HEL MWD and PrecisionLWD tools.
The average of price targets set by Wall Street analysts indicates a potential upside of 44.3% in Precision Drilling (PDS). While the effectiveness of this highly sought-after metric is ...