High Arctic Energy Services Awarded Papua New Guinea Drilling Contract

Red Deer-based High Arctic Energy Services Inc., a provider of specialized oilfield equipment and services including drilling, completion, and workover operations, signed its fourth drilling services contract with a subsidiary of Oil Search Limited (OSL) in Papua New Guinea. The contract is for a heli-portable drilling rig which is currently under construction by OSL in China. High Arctic will provide project management services in China with respect to the construction, commissioning and mobilization of the rig to Papua New Guinea. The initial term of the contract is for two years from completion of mobilization, with two successive one-year options.

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