Parker Drilling (PKD) says it has begun drilling with the first of its two much-delayed Arctic...

|About: Parker Drilling Company (PKD)|By:, SA News Editor

Parker Drilling (PKD) says it has begun drilling with the first of its two much-delayed Arctic drilling rigs with BP in Alaska’s North Slope. The specially-equipped units have been a thorn in PKD’s side, with the company forced to eat a $171M charge earlier this year after BP declared default on the contract for the duo, which were originally due in 2010.