Market Overview

Canadian Association of Oilwell Drilling Contractors (CAODC): Rig Contractors Highlight National Face of the Industry

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CALGARY, ALBERTA--(Marketwire - Oct. 24, 2012) -

Editors Note: There is a photo associated with this Press Release.

Members of the Canadian Association of Oilwell Drilling Contractors (CAODC) were in Ottawa this week to meet with federal Ministers of Parliament.

Drilling rig activity is a powerful indicator of economic activity. One active drilling rig draws support from 135 jobs.

75 of these jobs are in oil and gas occupations, but the remaining 40 are in hospitality services. These include local hotels, restaurants, gas stations and food markets.

CAODC President, Mark Scholz, notes that the national impact of the rig industry is sometimes overlooked.

Rig employees primarily live in Alberta, British Columbia and Saskatchewan, but some travel from as far as Newfoundland, Ontario or Quebec to work a 2-week 'hitch' at a location in western Canada.

"Rig activity spans from British Columbia to Manitoba," says Scholz, "but the workforce is drawn from all over the country. A driller can make his home anywhere because a rig is always moving to new locations, and the work rotation for a rig crew needs to accommodate travel time."

CAODC members were also highlighting the skill set of their workforce. Drilling and service rig contractors invest heavily in developing and advancing their employees. Senior field personnel draw on years of experience to keep a rig - a multi-million dollar business unit - and rig crews working efficiently and safely.

The Rig Technician trade is apprenticeship training for senior crew members on drilling rigs. This Red Seal trade - offered in British Columbia, Alberta, Saskatchewan and the Northwest Territories - has been in place for nine years.

Canada is the only place in the world that offers drilling rig employees a traditional apprenticeship - a combination of on-the-job training and classroom-based training.

"Thousands of journeymen and apprentices run Canadian rigs," says Scholz. "Canadian rig workers are recognized as some of the most knowledgeable throughout the world."

CAODC is the unified voice of the Canadian drilling and service rig sector and is committed to promoting a culture of safety excellence and to continuing the industry tradition of leadership and cooperation.

To view the video associated with this release, please visit the following link: http://www.youtube.com/watch?v=7JXtrwskA0w&feature

Embedded Video Available: http://www.youtube.com/watch?v=7JXtrwskA0w&feature


FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian Association of Oilwell Drilling Contractors
Cindy Soderstrom
Manager, Communications
(403) 264-4311
csoderstrom@caodc.ca
CMES - 470.0

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