RE:High Arctic Announces Renewal of Key Canadian ContractImpressive - contract extended with favourable terms.
"Key features of the contract renewal include an approximate 20% increase to the base hourly rig rate, increases to ancillary equipment and service pricing, provision for fuel price adjustments, and alignment of other parameters to current market conditions. Further, the contract’s term has been extended to late 2025.
Many oil andgas service companies struggling to get better pricing for services.