Precision Drilling
Precision Drilling Corporation, a leading provider in the oil and gas industry, is headquartered in Calgary, Alberta, Canada. Founded in 1951, the company has established itself as a key player in drilling services and technology, primarily operating across North America and select international markets. Specialising in contract drilling and completions, Precision Drilling offers a range of innovative solutions, including advanced drilling rigs and integrated services that enhance operational efficiency. The company is recognised for its commitment to safety and sustainability, setting industry standards with its state-of-the-art equipment and skilled workforce. With a strong market position, Precision Drilling has achieved numerous milestones, including significant technological advancements and strategic partnerships, solidifying its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Precision Drilling's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Precision Drilling's score of 5 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Precision Drilling's reported carbon emissions
In 2023, Precision Drilling reported total carbon emissions of approximately 18,300,000 kg CO2e, comprising about 12,500,000 kg CO2e from Scope 1 and about 5,800,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2022, where total emissions were about 17,800,000 kg CO2e, with Scope 1 at approximately 12,400,000 kg CO2e and Scope 2 at around 5,400,000 kg CO2e. Over the past few years, Precision Drilling has demonstrated a commitment to reducing its carbon footprint. In 2021, the company reported total emissions of about 16,800,000 kg CO2e, with Scope 1 emissions at approximately 11,500,000 kg CO2e and Scope 2 at about 5,300,000 kg CO2e. This indicates a trend of increasing emissions despite efforts to improve efficiency. The company has not disclosed specific reduction targets or initiatives, nor has it committed to any science-based targets (SBTi) for emissions reduction. However, it continues to monitor and report its emissions, with a focus on improving its emissions intensity metrics, such as achieving approximately 3,300 kg CO2e per employee in 2023. Precision Drilling's emissions intensity for drilling activities has also been tracked, with a reported intensity of about 43,150 kg CO2e per kilometre in 2023. The company remains focused on transparency in its emissions reporting, although further details on specific reduction initiatives or climate pledges are currently unavailable.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,500,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,200,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Precision Drilling is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
