U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM F-X

                 APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND
                                  UNDERTAKING


A.   Name of issuer or person filing ("Filer"): PRECISION DRILLING CORPORATION

B.   This is [check one]:

         [X] an original filing for the Filer.

         [_] an amended filing for the Filer.

C.   Identify the filing in conjunction with which this Form is being filed:

         Name of registrant:           PRECISION DRILLING CORPORATION

         Form type:                    FORM F-10

         File Number (if known):       333-115330

         Filed by:                     PRECISION DRILLING CORPORATION

         Date Filed (if filed
         concurrently, so indicate):   MAY 10, 2004
                                       (CONCURRENTLY WITH FORM F-10)

D.   The Filer is incorporated or organized under the laws of ALBERTA
     and has its principal place of business at:

                  4200, 150 - 6TH AVENUE S.W.
                  CALGARY, ALBERTA, CANADA
                  T2P 3Y7
                  TELEPHONE: (403) 716-4500

E.   The Filer designates and appoints CT Corporation System ("Agent"), located
     at:

                  CT CORPORATION SYSTEM
                  111 EIGHTH AVENUE
                  NEW YORK, NEW YORK 10011
                  TELEPHONE: (212) 894-8940

as the agent of the Filer upon whom may be served any process, pleadings,
subpoenas, or other papers in:



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         (a)      any investigation or administrative proceeding conducted by
                  the Securities and Exchange Commission ("Commission"); and

         (b)      any civil suit or action brought against the Filer or to which
                  the Filer has been joined as defendant or respondent, in any
                  appropriate court in any place subject to the jurisdiction of
                  any state or of the United States, or of any of its
                  territories or possessions, or of the District of Columbia,
                  where the investigation, proceeding or cause of action arises
                  out of or relates to or concerns (i) any offering made or
                  purported to be made in connection with the securities
                  registered or qualified by the Filer on Form F-10 filed
                  concurrently with this Form F-X or any purchases or sales of
                  any security in connection therewith; (ii) the securities in
                  relation to which the obligation to file an annual report on
                  Form 40-F arises, or any purchases or sales of such
                  securities; (iii) any tender offer for the securities of a
                  Canadian issuer with respect to which filings are made by the
                  Filer with the Commission on Schedule 13E-4F, 14D-1F or
                  14D-9F; or (iv) the securities in relation to which the Filer
                  acts as trustee pursuant to an exemption under Rule 10a-5
                  under the Trust Indenture Act of 1939. The Filer stipulates
                  and agrees that any such civil suit or action or
                  administrative proceeding may be commenced by the service of
                  process upon, and that service of an administrative subpoena
                  shall be effected by service upon such agent for service of
                  process, and that service as aforesaid shall be taken and held
                  in all courts and administrative tribunals to be valid and
                  binding as if personal service thereof had been made.

F.   The Filer stipulates and agrees to appoint a successor agent for service of
process and file an amended Form F-X if the Filer discharges the Agent or the
Agent is unwilling or unable to accept service on behalf of the Filer at any
time until six years have elapsed from the date the Filer has ceased reporting
under the Securities Exchange Act of 1934. The Filer further undertakes to
advise the Commission promptly of any change to the Agent's name or address
during the applicable period by amendment of this Form, referencing the file
number of the relevant form in conjunction with which the amendment is being
filed.


G.   The Filer undertakes to make available, in person or by telephone,
representatives to respond to inquiries made by the Commission staff, and to
furnish promptly, when requested to do so by the Commission staff, information
relating to the Form F-10; the securities to which the Form F-10 relates; and
the transactions in such securities.



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     The Filer certifies that it has duly caused this power of attorney,
consent, stipulation and agreement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Calgary, Province of
Alberta, Country of Canada, on this 10th day of May, 2004.


Filer:   PRECISION DRILLING CORPORATION         By: /s/ Jan Campbell
                                                    ----------------------------
                                                    Name:   Jan Campbell
                                                    Title:  Corporate Secretary



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     This statement has been signed by the following person in the capacity and
on the date indicated.


                                         CT CORPORATION SYSTEM
                                         As Agent for Service of Process for
                                         Precision Drilling Corporation


                                         By: /s/ Jonathan R. Giddings
                                             ----------------------------------
                                             Name:  Jonathan R. Giddings
                                             Title: Assistant Secretary

                                         Date:  May 4, 2004