Ensign Energy Services Overview
Company Headquarters: Calgary, Canada
Founded: 1987
Workforce: 8,500 (2016)
Company Working: Ensign Energy Services is an oilfield service provider to the oil and gas industry and operates, globally. The company operates in Canada in the provinces of Alberta, British Columbia, Yukon, Manitoba, Saskatchewan, and Northwest Territories. In the US, it operates in the states of California, North Dakota, South Dakota, Pennsylvania, and New Mexico. Internationally, Ensign operates in countries such as Venezuela, Oman, Kurdistan, Argentina, and Australia. It offers a wide range of oilfield services including oil sands coring, drill and well servicing, underbalanced drilling, MPD, directional drilling, wireline services, production testing services, equipment rentals, and transportation.
The company operates in many regions through its subsidiaries, some of them being Ensign Drilling Inc, Ensign Argentina S.A., Ensign de Venezuela C.A., Ensign Australia Pty Limited, Ensign International Energy Services LLC, Tristate (Barbados) Holdings Inc., Ensign United States Drilling Inc, and OFS Canada Inc.
Strategy
Ensign is on the continuous lookout to expand its operations overseas and will relocate its equipment to regions with prospects of future demand. In line with the stabilizing global oil prices at a steady rate, the company has strategized to invest in projects, which will be substantially beneficial to the shareholders. As a key strategy, the company is looking for ways to reduce operational costs for improved returns to shareholders. It has been continuously evaluating the oil and gas activities in Argentina and is anticipated to participate in tenders in the country if additional drilling rigs are added. It has strategized to collaborate with suitable companies to expand its oilfield services. It has been continuously working on acquiring companies, which will strengthen its position.
