Major Drilling buys South American drilling contractor, boosting rig count

News Room
By News Room 5 Min Read


MONCTON, N.B. – Major Drilling Group International Inc. has signed a deal to buy South American specialty drilling contractor Explomin Perforaciones in a deal worth up to US$85 million.

Under the agreement for the company based in Lima, Peru, Major Drilling will make an upfront cash payment of US$63 million.

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