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.
+6 vs industry average
Precision Drilling’s score of 25 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Precision Drilling's reported carbon emissions
In 2024, Precision Drilling reported total emissions of approximately 19.6 million kg CO2e, comprising 15 million kg CO2e from Scope 1 and 4.6 million kg CO2e from Scope 2 emissions. This reflects a slight increase from 2023, where total emissions were about 18.3 million kg CO2e, with Scope 1 at 12.5 million kg CO2e and Scope 2 at 5.8 million kg CO2e. Over the past few years, the company has shown a commitment to monitoring and reporting its emissions, although it has not set specific reduction targets or initiatives as indicated by the absence of documented reduction targets or SBTi commitments. Precision Drilling's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from its own disclosures. The company has not yet addressed Scope 3 emissions, which include indirect emissions from its supply chain and other activities. As part of its climate commitments, Precision Drilling continues to focus on transparency in its emissions reporting, aligning with industry standards for climate accountability.
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Precision Drilling’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Precision Drilling yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Precision Drilling
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