CanElson Drilling Inc. has signed five drilling rigs to long-term contracts, including three previously disclosed and under construction, as well as two new builds.

"We continue to expand our footprint in our core areas of operation" said Randy Hawkings, President and CEO. "Our focus remains on providing lower overall well costs to our customers by being measurably more efficient in the drilling process and we believe that these contracts are a reflection of our customers trust in us to deliver long term cost savings."

CanElson has signed five drilling rigs to long-term contracts with existing customers, including three previously under construction and two additional new build mechanical heavy duty telescopic doubles (tele-doubles).

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