Cenovus Energy takes a flyer on portable drilling rig

EDMONTON – Cenovus Energy (TSX:CVE) calls its new helicopter-portable oilsands drilling rig a “gamechanger” that uses half the water of traditional rigs, and works throughout the year in muskeg regions.

While the firm could eventually reduce its yearly drilling costs by $100 million with the units, it was frustration with the traditional winter drilling rush that spawned the “SkyStrat” development three years ago.

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