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nd production services to the oil and natural gas industries across North America and the Middle East. The company operates through two distinct segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment offers a range of well drilling solutions, including land and turnkey drilling services. Additionally, it oversees the procurement, distribution, manufacturing, and refurbishment of drilling and service rig equipment crucial for efficient operations.
As of December 31, 2021, Precision Drilling Corporation managed a robust fleet of 227 land drilling rigs, strategically deployed across key regions. These include 109 rigs in Canada, 105 in the United States, and others in locations such as Kuwait, Saudi Arabia, Iraq's Kurdistan region, and Georgia. The segment also operates specialized rigs like the AlphaTM rigs equipped with commercial AlphaAutomation technology, reflecting the company's commitment to innovation and operational excellence.
The Completion and Production Services segment provides essential support services for well completion, workover, maintenance, abandonment, and re-entry preparation. This includes deploying 123 service rigs across Canada and the United States, along with offering a comprehensive suite of oilfield surface equipment rentals, wellsite accommodations, and camp and catering services. Precision Drilling Corporation, founded in 1951 and headquartered in Calgary, Canada, continues to expand its operational footprint and technological capabilities to meet evolving industry demands and enhance customer satisfaction.
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