Precision Drilling Corporation Subsidiary Sells Assets
16 Février 2004 - 8:07PM
PR Newswire (US)
Precision Drilling Corporation Subsidiary Sells Assets CALGARY,
Feb. 16 /PRNewswire-FirstCall/ -- Precision Drilling Corporation
("Precision") announced today one of its wholly owned subsidiaries
completed the sale of substantially all of the assetsof Fleet
Cementers, Inc. to Key Energy Services, Inc., for approximately
US$20 million in cash. Precision Drilling Corporation (TSX: PD and
PD.U; NYSE: PDS) is a global oilfield services company providing a
broad range of drilling, production and evaluation services with
focus on fulfilling customer needs through fit-for- purpose
technologies for the maturing oilfields of the 21st century. With
corporate offices in Calgary, Alberta, Canada and Houston, Texas,
and research facilities in the U.S. and Europe, Precision employs
more than 10,000 people conducting operations in more than 30
countries. Precision is committed to providing efficient and safe
services to create value for our customers, our shareholders and
our employees. DATASOURCE: Precision Drilling Corporation CONTACT:
Dale E. Tremblay, Senior Vice President Finance and Chief Financial
Officer, Telephone 403-716-4500; Fax 403-264-0251; website:
http://www.precisiondrilling.com/; Archived images on this
organization are available through CNW E-Pix at
http://www.newswire.ca/. Images are free to members of The Canadian
Press. To request a free copy of this organization's annual report,
please go to http://www.newswire.ca/ and click on reports@cnw.
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