Trinidad Drilling Ltd. is moving eight rigs to the Permian Basin in response to increased customer demand, moving three from Saudi Arabia and the rest from other US and Canada sites. The rigs brought from Saudi Arabia will need minor reconfiguration and are expected to begin work in Q3. The North American rigs will be upgraded and ready by mid-2018.Incremental capital costs to move and redeploy the rigs will be $40 million, including $21 million......
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