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You are here: Home / News / Canada / Floods shut down oil operations

Floods shut down oil operations

July 21, 2014 by Rob Hislop Leave a Comment

 Oil well drilling contractors are having a tough time coping with flooding in Saskatchewan and Manitoba, which has damaged roads and bridges. That’s making it impossible to move heavy equipment onto drilling sites.
graphic courtesy: Colombia Reports

graphic courtesy: Colombia Reports

President and CEO of Crusader Drilling Corp., Don Rae, said normally he would employ about 70 people to run three drilling rigs; with two rigs out of service, about 50 people are off work right now. But the economic impact of the flooding extends far beyond a couple of idle drilling rigs and some unemployed rig hands.

The president of the Canadian Association of Oilwell Drilling Contractors (CAODC), Mark Scholz, says the loss of drilling activity has a trickle-down effect on the economy. “For every active rig, it generates about 135 direct and indirect jobs. So every time a rig is impacted, it’s not just the rig crew that’s being affected; it’s a whole range of services, including hotels and restaurants … There’s a lot of people hurting as a result of this (flooding).’

(source: Leader Post)

Filed Under: Canada, News Tagged With: Canadian Association of Oilwell Drilling Contractors, CAODC, drilling contractor, floods, Mark Scholz, oil wells

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