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.
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Precision Drilling's reported carbon emissions
In 2023, Precision Drilling reported total carbon emissions of approximately 18,300,000 kg CO2e, comprising 12,500,000 kg CO2e from Scope 1 and 5,800,000 kg CO2e from Scope 2 emissions. This reflects a commitment to monitoring and managing their greenhouse gas emissions, although specific reduction targets or initiatives have not been disclosed. Over the previous years, emissions have shown variability, with 2022 emissions at about 17,800,000 kg CO2e, 2021 at approximately 16,800,000 kg CO2e, and 2020 at around 14,700,000 kg CO2e. The emissions intensity metrics indicate a GHG emissions intensity of 33,000 kg CO2e per employee for 2023, consistent with their ongoing efforts to improve operational efficiency. Despite the lack of formal reduction targets or climate pledges, Precision Drilling's emissions data highlights their awareness of climate impact and the importance of sustainability in their operations. The company continues to report on its emissions, which is a critical step in addressing climate change within the drilling industry.
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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 participating in any of the initiatives that 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.
