Dril-Quip Launches ESG Platform

In Addition To Its Environmental Initiatives, Dril-Quip Is Proactively Developing And Investing In More Comprehensive Social Programs Across Its Global Operations

Dril-Quip has formally launched its environmental, social, and governance (ESG) platform on its website. The updated internet site further reinforces its commitment toward corporate social responsibility across its operations worldwide and outlines the ongoing environmental and social initiatives Dril-Quip has undertaken in support of its sustainability goals. The website will be utilized to help communicate Dril-Quip’s ESG program initiatives going forward.

Dril-Quip became a participant of the United Nations Global Compact earlier this year. Dril-Quip said it will continue to invest in technology and research and development (R&D) to support energy evolution.

“It has always been our mission to help our industry safely provide greater access to affordable, reliable energy,” explained Blake DeBerry, CEO of Dril-Quip. “We know this to be the key to improving the standard of living for people around the globe and that’s why Dril-Quip is dedicated to providing technologies that help deliver hydrocarbons in the most efficient way possible. It’s rewarding to know that, in doing so, we are also helping to lower the carbon footprint of our customers. As such, we have allocated significant R&D capabilities and resources to further develop differentiating technologies for use in new applications for the evolving needs of our customers.”

Dril-Quip believes its environmental efforts are best exemplified by its e-Series products and Green By Design initiative, which link sustainability across its entire product portfolio and R&D program. Guided by its Power of e philosophy, it believes it is engineering innovative, more efficient technologies that enable customers to work faster, smarter, safer, and cleaner.

The company’s Vertical Subsea Tree System eliminates the tubing head spool (approximately 40 tons of hardware) and significant operational steps, which can save customers up to two weeks of rig time and up to US$4 million per well. Because less energy is used in its manufacture, transport, and installation compared to conventional vertical trees, the VXTe reduces carbon emissions by as much as 1000 metric tons per tree. That is equivalent to taking 181 cars in the United States off the road for one year for each tree installed.

In addition to its environmental initiatives, Dril-Quip is proactively developing and investing in more comprehensive social programs across its global operations. The company is committed to the health and safety of its employees with its GOAL ZERO initiative, as well as giving back to the community. At World Engineering Day this year, Dril-Quip became a sponsor of the American Society of Mechanical Engineers’ signature INSPIRE STEM Readiness program to give kindergarten through 12th-grade students an immersive, hands-on education experience that introduces young people to career paths in science, technology, engineering, and mathematics. In addition, the company has implemented an ongoing professional and personal development program where guest speakers cover topics tailored to the interests and challenges of the women in the organization.