Business Summary
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High Arctic Energy Services Inc. (HAES) is an oilfield services company operating primarily in Western Canada and Papua New Guinea. The Company provides contract drilling and workover services and other oilfield services to the oil and gas industry in Canada and other countries. The Canadian operation is focused on the provision of snubbing services and the supply of nitrogen to a group of oil and natural gas exploration and production companies operating in Western Canada. It had 21 snubbing units, 10 nitrogen pumpers, five nitrogen transports and three rack and pinion underbalanced workover units in Canada at December 31, 2009. High Arctic is active in Papua New Guinea where it provides contract drilling and workover services.
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