Precision Drilling’s Digital Technology Leadership Recognized With Recent Awards for Innovation and Technology
May 26 2020 - 4:01PM
Precision Drilling Corporation (“Precision” or “the Company”)
(TSX:PD; NYSE:PDS) has been named the 2020 Energy Excellence Awards
“Innovation & Technology Excellence” champion. This award
recognizes Precision’s industry-leading Alpha digital suite
including AlphaAutomation, AlphaApps and AlphaAnalytics, as it
relates to productivity, savings in time, financial management,
safety, and changes to environmental performance. Additionally, in
2019 Precision was awarded Hitachi’s Transformation Award for Data
Insights Optimization, recognizing Hitachi customers who
collaboratively drive positive economic, social and environmental
impact.
Additional details can be found by accessing the below
links:
https://www.dailyoilbulletin.com/article/2020/5/20/precision-named-energy-excellence-awards-champion-/
https://www.hitachinext.com/en-us/transformation-awards-2019.html
https://social-innovation.hitachi/en-us/case_studies/precision-drilling
Precision has spent over three years
implementing, trialing, and field-hardening its open-collaboration
automation platform. In late 2019, the Company announced full
commercialization of AlphaAutomation and today has 40 systems
deployed with over 1,400 wells drilled throughout North America.
This platform supports both third party and internally developed
applications, including Precision’s full suite of AlphaApps,
designed to enhance the drilling process with on-bottom
optimization and cost control. Additionally, Precision’s
AlphaAnalytcis further improves decision making and execution by
delivering high-fidelity data in real-time from both the automation
platform and the drilling equipment control system. The Company
recently announced that it has partnered with a major U.S. customer
to trial run AlphaAnalytics on all of their Precision rigs.
In combination with its standardized Super
Series rig fleet, Precision leverages its robust technology
offering to further drive performance through its core strength of
integrating data insights, human ingenuity, automation consistency
and smart algorithms to drill better wells. This technology
offering further enhances the Company’s High Performance, High
Value strategy by providing predictable and repeatable results to
its customers.
About PrecisionPrecision is a leading provider
of safe and High Performance, High Value services to the oil and
gas industry. Precision provides customers with access to an
extensive fleet of Super Series drilling rigs supported by an
industry leading technology platform that offers innovative
drilling solutions to deliver efficient, predictable and repeatable
results through service differentiation. Precision also offers well
service rigs, camps and rental equipment and directional drilling
services, all backed by a comprehensive mix of technical support
services and skilled, experienced personnel. Precision is
headquartered in Calgary, Alberta, Canada. Precision is listed on
the Toronto Stock Exchange under the trading symbol “PD” and on the
New York Stock Exchange under the trading symbol “PDS”.
For further information, please contact:
Carey Ford, CFASenior Vice President and Chief
Financial Officer713.435.6136 Dustin Honing, CPAManager, Investor
Relations and Corporate Development403.716.4515 Precision Drilling
Corporation800, 525 - 8th Avenue S.W.Calgary, Alberta, Canada T2P
1G1Website: www.precisiondrilling.com
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