Page 1

GOING WHERE NO OTHER DRILLING COMPANY HAS GONE BEFORE


GOING WHERE NO OTHER DRILLING COMPANY HAS GONE BEFORE

2 H Energold Drilling Corp


Energold

Corpo-

one of the most environmen-

TSX Top 50 and Business in

ration has definitely gone

tally and socially conscious

Vancouver’s Top 100 (2007-

where

drilling

drilling companies world-

2011 inclusive).

company has gone before.

wide. In the past five years,

Unsatisfied with the way

their focus has remained on

With the help of a talented

mining companies were ap-

leaving the smallest possible

team of engineers, Energold

proaching

in

ecological footprint as a re-

developed a unique rig de-

third-world countries, En-

sult of their drilling endeav-

sign that would be less dam-

ergold

concerned

ours and creating a sense of

aging to local environments.

with the lack of sensitivity

sustainable community in

to local environments and

the places they work. This

“We developed, in conjunc-

communities. Thus began

outlook and strategy has led

tion with others, a rig that

pursuit to design a more

to Energold winning a num-

could be broken down into

environmentally-friendly

ber of awards in its young

different pieces and moved

rig. Since its inception as an

life, including PROFIT 100

in manually, by canoe, air-

exploration company, Ener-

– Canada’s Fastest Growing

plane, pick-up truck, how-

gold has grown to become

Companies (2009-2011) the

ever you want to do it,”

no

Drilling other

exploration

became

Energold Drilling Corp H

3


Energold gives back to local economies by training locals to operate the drilling equipment.

4 H Energold Drilling Corp


explains CEO of Energold Drilling, Fred Davidson. He explains the rigs themselves are very simple to operate and they are specially designed to be installed and set up on site very quickly. There’s no real secret behind The

Energold’s unique,

success.

component-

driven, and portable nature of their drilling rig allows them to explore parts of the world that were previously inaccessible.

Starting

out

with one rig eight years ago, Energold now boasts a fleet of about 240 rigs over 95 of which are its modular rigs .

A UNIQUE RIG DESIGN When they first started out, Energold observed the impacts of the rigs and drilling practices of other companies on the environment and local communities. “We’re working in a lot of places where it’s impossible to get a rig into the sites Energold Drilling Corp H

5


without having to build a road. The road can be a kilometer or two long and in many cases, it goes through farmers’ fields causing severe damage, not to mention the wait time it takes companies to get road building permits” says Davidson. While some financial compensation may be provided for the physical damage created, Davidson says the companies never really compensated locals for the “emotional damage created by the roads and subsequent drilling.” “At the same time, you’ll see the locals standing there watching the gringos driving a bulldozer and pulling a ten ton rig across their field. Nobody from the community is able to participate,” Davidson says. This is where Energold is different, their rigs and drilling expeditions overseas operate primarily with local labour forces. Davidson says they not only hire locals, but they get them to bring in the rigs onto their traditional trails so the 6 H Energold Drilling Corp


fields and pastures are not

about 3.5 meters by 3.5 me-

Energold also works with

disturbed. “It’s a good way

ters as opposed to the 15

Atlas Copco, and Core Boss

of dealing with social alien-

meters by 15 meters of oth-

who

ation of the community that

er, bulkier traditional rigs

“very proactive in terms of

results from mining and ex-

with their ancillary equip-

designing and redesigning

ploration,” he says.

ment.

recently

equipment that meets our

Drilling

specifications.”

Energold

acquired Furthermore,

Dando

Davidson

says

are

Energold’s

Drilling International in the

rigs take up less space. The

UK, a highly-regarded engi-

Davidson says Energold

rig only occupies a space of

neering groupthat helps the

also consults and debriefs

company continuously im-

the drilling crews when

prove and upgrade rig de-

the come out of the

sign and productivity.

fields, taking their ideas to engineers

“We’re always looking at making

them

safer

and

more convenient,” says Da-

in order to make the rigs more effective.

vidson.

Energold Drilling Corp H

7


Engaging local communities

“Every country has its own

gions. “Mining companies

and creating industry

stories and adventures,” he

are realizing the low hang-

says.

ing fruits are gone and have

Currently servicing mining

to head to the frontiers to

and energy sectors in the

According to Davidson, the

Americas, Africa, and Asia,

exploration

Energold operates 240 rigs

underspent in the past 20

What further differentiates

in 23 countries, Davidson

years and as result, Ener-

Energold is their commit-

describes the whole indus-

gold is venturing into re-

ment to community build-

try as “exciting.”

mote and often volatile re-

ing and local engagement.

8 H Energold Drilling Corp

industry

replenish their reserves.”

has


“Every country has its own

ing and local engagement.

stories and adventures,” he says.

“What’s

exciting

is

that

we’re able to give people According to Davidson, the

who have no hope a job and

exploration

a career and going forward,

industry

has

underspent in the past 20

we’re

creating

industry

years and as result, Ener-

where there never was and

Engaging local communities

gold is venturing into re-

that’s very satisfying,” says

and creating industry

mote and often volatile re-

Davidson.

gions. “Mining companies Currently servicing mining

are realizing the low hang-

When employing locals, En-

and energy sectors in the

ing fruits are gone and have

ergold’s policy is to “push

Americas, Africa, and Asia,

to head to the frontiers to

down” the skill set and

Energold operates 240 rigs

replenish their reserves.”

train them to work with the

in 23 countries, Davidson

equipment.

Whereas

describes the whole indus-

What further differentiates

the employee would not ex-

try as “exciting.”

Energold is their commit-

perience culture shock or

ment to community build-

a language barrier working Energold Drilling Corp H

9


While Energold does much of its work in remote places, they ensure they do as little damage as possible to local environments.

10 H Energold Drilling Corp


in their own backyard, Energold also receives the benefit of this local knowledge and access. “It works for us because they know how to work in that culture and it works for them because we can give them a high-skilled, good paying job,” says Davidson.

MOVING FORWARD As the company moves forward, there are a number of opportunities in frontier mining, oil sands drilling,geothermal and even water well drilling. The oil shortage has left companies searching for new ways to excavate deposits in various places and Energold thinks they have just what it takes to tap into the oil industry. “Our fleet is designed to exploit existing deposits. Most people are unaware that most oil sand deposits are going to be done from underground and not from open pits. More and more, the rigs that we’re putting into the field are capable of drilling to those depths and those target ranges for the oil sands,” explains Davidson. And of course, Energold hopes to do this by leaving as small a footprint as possible. Energold has also made its way into the water well sector with the help of Dando,one of the leading water well equipment providers in the world. Dando in particular, is one of the UN

Energold Drilling Corp H

11


and World Bank approved

Energold into the oil sands

$16 billion a year,

water well comtractors in

coring and seismic oil/gas

oil giants like Shell or Im-

Africa. Energold operates in

drilling industry in Alberta,

perial Oil can easily spend

many third-world countries

Canada. The niche sector

that a year between them.

where clean water is an on-

attracted Energold because

going critical issue.

of its higher margins, syn-

Energold has a five-year

ergies on equipment and

plan.

Part of the recent string of

human capital, and a signif-

to become a global drill-

acquisitions included Ber-

icantly larger overall mar-

ing company that is not

tram

ket.

worldwide

strictly bounded to drill-

poration, which added sig-

expenditure in mineral ex-

ing for minerals, energy, or

nificant

ploration only now exceeds

water. Energold wants to

International capabilities

Corfor

12 H Energold Drilling Corp

Whereas

Their

The big

objective

is


help drill it all, and gener-

lieves he has just the recipe

and clients need to go off the

ate a good profit at it for

to ensure Energold’s suc-

beaten path for the next big

their shareholders. As the

cess: “You have to develop

discovery.. The Energold in-

world demands more com-

the right attitude, the right

vestment logic is simple, in

modities, there is a pressure

training, and the right skill

a gold rush, one can do very

to provide drills quickly. In

sets. We continue to seed

well selling plenty of shovel

the next five years, Ener-

new markets as natural re-

and picks.

gold hopes to triple in size,

sources become more scarce

which will further assert their international presence and expertise in the evergrowing field. Davidson be-

For more info www.energold.com Energold Drilling Corp H

13


For more information www.energold.com

As seen in March issue of JARKS BUSINESS CANADA magazine at www.jarks.ca

Energold Corp  

Energold Corp Brochure

Read more
Read more
Similar to
Popular now
Just for you