It’s that time of year again – when we think about how thankful we are for those around us, our families and our employees. Trinidad has a lot of cause for celebration, thanks to our crews’ impressive achievements in health and safety on our rigs.
Many of our teams achieved major milestones this year, and we are so proud of all of you. We do have to give Rig 123 a special shout out – they’ve gone an incredible nine years without a recordable injury. Now that’s dedication! Continue reading →
At Trinidad, we’re lucky to have a wide range of talented employees with an even wider range of skillsets. Some are expert drillers, some are experts in sales negotiations, some are all about technology – you get the picture.
Of course, with these different roles come different perspectives. Our crews’ needs sometimes look very different from the needs of the office. So where’s the common ground and how do we make sure the field perspective is being considered in corporate decision making?
We spoke with Rick Pingel, Director, Global Supply Chain, to find out how supply chain management supports our crews in the field. Rick and his team work with the operations group to control costs and improve Trinidad’s competitive advantage.
The views expressed in this blog are the personal views of Trinidad’s President and CEO, Brent Conway, and do not constitute legal or financial advice to any person. Readers are advised to consult their own professional advisors before making any investment decision.
On Friday, October 5, Trinidad agreed to merge with Precision Drilling, creating an industry-leading contract driller. Both companies’ board of directors have agreed to the merger and recommend shareholders vote in favour. The merger is expected to be finalized later this year, following approval from our shareholders and certain regulators.
This merger comes on the heels of a hostile take-over bid submitted by Ensign, which Trinidad’s board recommends shareholders reject. Given that the Precision offer is higher than Ensign’s, this deal is better value for our shareholders – but it also better aligns with our company’s values, culture and vision.
Of course, with all these changes come a lot of questions. We’ve gathered some of the most common questions we’ve received since the announcement and passed them along to Brent Conway, our President and CEO. Keep reading to get answers from the CEO himself. Continue reading →
The last 18 months have been hectic. Coming off the worst recession in our history and trying to rebuild on the fly has definitely posed some challenges.
We have had to simultaneously juggle rig upgrades, address personnel, service shortages, and train hundreds of new Trinidad hands while doing everything we can to keep our best people from pursuing other opportunities in the industry. At the end of the day, none of this is new, just the latest iteration of the madness that reflects the cyclical nature of our business.
So the challenge is, and will continue to be, how do we develop and maintain a world-class safety culture amidst all of the chaos and continual noise?
Rig Manager Julien Bourassa runs a consistently cost-effective operation on Rig 428 in southeastern Saskatchewan. His telescopic double often tops not only our Canadian charts for low-cost operations, but our global ones, too.
Sure, factors like the type of wells you drill, and what kind of mixing mud you use play a big part, but Julien’s cost-reducing tips can be helpful no matter the complexities of the operation.
According to the 38-year oilfield veteran, “Running a low-cost rig is all about keeping your equipment in good shape and only buying the things you need.”