Profile
Map of Xtreme Coil Locations
Xtreme Coil develops and applies leading-edge patented and patent-related technology and designs to build, transport, and operate new COTD™ drilling rigs. Currently contracted in the United States and México and marketed to other international regions, Xtreme Coil’s innovative, dual-purpose and efficient rigs drill with larger coil to reach hydrocarbons in deeper horizons. Other features of Xtreme Coil’s proprietary technology include:
- high capacity coil injectors,
- re-entry drilling capability,
- modular
transportation systems, and
- new methods for achieving deeper,
faster and safer drilling.
Xtreme Coil has designed six different models of COTD™ drilling rigs to reach deeper crude oil and natural gas horizons, as well as for specific programs requiring “S” curve, directional and re-entry drilling. Six designs are completed and five are deployed to field operations. The newest design, the XTC 200DTRPLUS, was developed for the re-entry drilling projects that typically occur in the Middle East.
As at December 31, 2009, Xtreme Coil held twelve patents related to new technologies for drilling with coiled tubing and conventional drill pipe as well as certain rig transportation methods. The patents have been issued by: the United States Patent and Trademark office (7), the Canadian Intellectual Property Office (4) and a Eurasian jurisdiction (1). Xtreme Coil continues to protect its innovative designs and related technology and has more than 60 patent-related applications in progress in the United States, Canada and other worldwide jurisdictions.
At December 31, 2009, Xtreme Coil had 13 rigs committed under long-term contracts:
- 10 rigs for drilling operations
in México,
- 3 rigs for drilling operations in the
United States.
Xtreme Coil's common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol “XDC”.
Xtreme's Coil Over Top Drive® Rig 1
Map of Xtreme Coil Locations
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