CLOs on the Move

Savanna Energy Services Corp. (Savanna) is a premiere North American energy services provider headquartered in Calgary, Alberta. Our primary offerings include conventional drilling, Hybrid drilling, well servicing and comprehensive oilfield services such as oilfield equipment rentals that meet the needs of our diverse oil and gas customer base. Savanna is uniquely positioned in the energy services industry, incorporating Aboriginal partnerships and community involvement with leading technology that includes PLC-controlled service rigs and patented hybrid drilling rigs. With a fleet of 100 drilling rigs, and 95 well service rigs Savanna has expanded into major markets in the United States due to customer ...

Savanna Energy Services Corp. (Savanna) is a premiere North American energy services provider headquartered in Calgary, Alberta. Our primary offerings include conventional drilling, Hybrid drilling, well servicing and comprehensive oilfield services such as oilfield equipment rentals that meet the needs of our diverse oil and gas customer base. Savanna is uniquely positioned in the energy services industry, incorporating Aboriginal partnerships and community involvement with leading technology that includes PLC-controlled service rigs and patented hybrid drilling rigs. With a fleet of 100 drilling rigs, and 95 well service rigs Savanna has expanded into major markets in the United States due to customer demand, and anticipates further U.S. drilling services expansion. The Company has also operated telescopic doubles in Mexico, and established field offices in Brisbane and Toowoomba, Australia. Growth has primarily occurred organically with the vast majority of the equipment being manufactured post 2001. This aggressive build program and Cap Ex program has resulted in the average age of Savanna`s equipment falling significantly below the industry`s average. Savanna strives to maintain long-term contracts on several of our rigs and has seen utilization rates north of the industry`s average through good times and bad. The Company has a peak base of hourly or day-work employees, providing significant scalability with respect to activity levels. Focused on maintaining industry leadership in performance and safety, Savanna also brings value to oil and gas customers through partnerships with numerous Aboriginal communities in western Canada. These communities have ownership positions in both drilling and service rigs in partnership with Savanna, as well as associated employment and training opportunities.

More>>

<<Less