Kuwait's Become Very Important Market: Precision Drilling

The video discusses the current and future operations of rigs, highlighting the importance of two new rigs under construction, expected to be operational in Kuwait by late 2016. The focus is on international growth, particularly in Kuwait and Saudi Arabia, with long-term interests in Iraq and the Arabian Gulf. The region is favored for its stability against short-term commodity price fluctuations, despite a current slowdown. Kuwait's robust drilling program is emphasized as a key opportunity.

What is the expected timeline for the new rigs to start generating revenue in Kuwait?

• By the end of 2015

• In the first quarter of 2017

• Early fourth quarter of 2016

• Before the end of 2016

Which regions are the company focusing on for near-term international opportunities?

• Kuwait and Saudi Arabia

• Kurdistan and the Arabian Gulf

• Kuwait and Iraq

• Saudi Arabia and Kurdistan

Why does the company prefer the Arabian Gulf region for its operations?

• It has the most advanced technology

• It has the highest oil reserves

• It is less sensitive to short-term commodity price swings

• It offers the cheapest labor

What is the current economic trend affecting the regions of interest?

• Rapid growth

• Stability

• Pause in growth or slight slowdown

• Complete economic downturn

What is the outlook for Kuwait's drilling program in the coming years?

• It will remain robust

• It will be outsourced to other countries

• It is expected to decline

• It will be phased out