CALGARY – CWC Well Services Corp. (TSXV:CWC) says its board has approved a 2012 capital spending budget of $8.7 million.
The Calgary-based energy services company said Tuesday that about $6 million of the capital budget will be used to build two new coil tubing units.
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CWC provides oilfield services including service rigs, coil tubing, snubbing, and well testing.
The company is based in Calgary but operates in various parts of Alberta and Saskatchewan.
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