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 16 is lower than 55% 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 2022, Precision Drilling reported total carbon emissions of approximately 17,800,000 kg CO2e, comprising 12,400,000 kg CO2e from Scope 1 and 5,400,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2021, when total emissions were about 16,800,000 kg CO2e, with Scope 1 emissions at 11,500,000 kg CO2e and Scope 2 at 5,300,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. Precision Drilling's emissions intensity metrics indicate that in 2022, the GHG emissions intensity was approximately 3,300 kg CO2e per employee and 0.0157 kg CO2e per contract day for Scope 1 emissions. These figures show a decrease in emissions intensity compared to 2021, where the intensity was about 4,600 kg CO2e per employee and 0.015 kg CO2e per contract day. Despite these emissions figures, Precision Drilling has not set specific reduction targets or initiatives, nor have they made any climate pledges. The absence of such commitments may reflect a broader industry context where many companies are still developing comprehensive climate strategies. Overall, while Precision Drilling has made strides in tracking and reporting emissions, the lack of reduction targets suggests an opportunity for further commitment to climate action.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 13,400,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,000,000 | 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 participating in some 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.
