Xtreme Coil Drilling Corp. has announced its entry into the Middle East drilling market after receiving 2 Letters of Intent (LOIs) from a major oilfield services company. Under the terms of the LOIs, Xtreme Coil will provide 2 Coil Over Top Drive XTC 200DTRPLUS drilling rigs which are customized for re-entry drilling projects in the Middle East.
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Xtreme Coil has already completed the first of the two customizations and has mobilized the first rig to the Middle East. The second rig was recently moved to Texas in order to undergo similar customization which should be finished in the next three months.
Xtreme Coil
Xtreme Coil develops and applies leading-edge patented and patent-related technology and designs to build, transport, and operate new Coil Over Top Drive® drilling rigs.
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