EXHIBIT 23.1
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                  CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS
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         We consent to the use of our audit report dated February 10, 2004 on
the consolidated balance sheets of Precision Drilling Corporation as at December
31, 2003 and 2002 and the consolidated statements of earnings and retained
earnings and cash flow for each of the years in the three year period ended
December 31, 2003 included in Precision Drilling Corporation's Annual Report on
Form 40-F, which is incorporated by reference in the Registration Statement on
Form S-8 pertaining to Precision Drilling Corporation's 2004 Stock Option Plan.


/s/ KPMG LLP

Chartered Accountants
Calgary, Canada
June 9, 2004