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Trican has begun operating in Australia by way of its purchase of Viking Energy Pty Ltd. and its subsidiaries. Based in Brisbane, Queensland, Trican’s new operation provides cementing and environmental services in Eastern Australia and currently maintains an operating base in Roma, Queensland.
With this acquisition and based on a solid partnership with the existing management team, Trican is able to quickly introduce its high technology cementing, coiled tubing and well stimulation products to the Australian market, as well as markets surrounding the continent.
Significant growth is expected in the Australian Coal Seam and Shale Gas plays, and Trican intends to offer its specialized pressure pumping solutions to assist Australian customers in safely and responsibly increasing production from their wells and/or lowering the total cost of the well.