PDS Profile
Precision Drilling Corporation, a leading provider of drilling and production services, caters primarily to the oil, natural gas, and geothermal industries across North America and the Middle East. Organized into two key segments, the company operates extensively in Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment specializes in onshore drilling solutions, offering a range of services including land and turnkey drilling, as well as the procurement, distribution, manufacturing, and refurbishment of drilling and service rig equipment.
As of December 31, 2021, Precision Drilling Corporation managed a fleet of 227 land drilling rigs, strategically positioned across Canada, the United States, Kuwait, Saudi Arabia, Iraq's Kurdistan region, and Georgia. Notably, this segment also operates advanced rigs like the AlphaTM series equipped with commercial AlphaAutomation, alongside natural gas and bi-fuel rigs designed for environmental versatility.
The Completion and Production Services segment complements the company's offering with service rigs tailored for well completion, workover, maintenance, and re-entry preparation. Additionally, it provides oilfield surface equipment rentals, wellsite accommodations, and comprehensive camp and catering services. This segment managed 123 well completion and workover service rigs as of December 31, 2021, with a substantial presence in Canada and the United States. Moreover, Precision Drilling Corporation maintains a diverse inventory of oilfield rental items and accommodation units, reinforcing its capability to support exploration and production activities.
Established in 1951 and headquartered in Calgary, Canada, Precision Drilling Corporation continues to leverage its extensive operational expertise and robust fleet to deliver reliable and innovative solutions to its global clientele. With a commitment to technological advancement and sustainable practices, the company remains at the forefront of the drilling and production services sector, driving efficiency and performance across diverse energy landscapes.
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