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Energold awarded $9M in new infrastructure drilling in Canada


March 29, 2018  


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Energold Drilling Corp. has been awarded a $9 million in new infrastructure drilling contracts in Canada, which is in addition to the recently announced $10 million worth of green energy contracts in the United States.

“We are pleased to announce these additional contracts in our developing Canadian infrastructure market,” said Fred Davidson, Energold President & CEO. “Our specialized equipment is ideal to meet the needs of new government spending across Canada, as well as globally. We continue to bid on additional projects across the Americas and will continue to update the market accordingly.”

Management’s focus has been to deploy unused capacity in seasonally, slower months to other drilling markets. In doing so, Energold has carved out a strong niche across Canada where there is strong provincial and federal support for infrastructure spending.

These contracts involve near-term start-up dates with work to be completed over the remainder of the second quarter and continuing into the third quarter. Some of this equipment will return to the oil patch in the fourth quarter for the Q1 winter drilling season.

Energold Drilling Corp. is a specialty drilling company that services the mining, energy, infrastructure, geothermal, water and manufacturing sectors in 25 countries.

(Energold Drilling Corp.)