#7. CCI Inc. – Best Managed Winners 2013
Written by Financial Post
May 22, 2014
CCI has not only become the go-to company for the oil and gas sector, working on some of the biggest pipeline projects in Canada, it has also achieved its goal to improve the industry.
When David Dupuis, CCI’s chief operating officer, worked as a directional driller in the oil and gas pipeline construction industry he was frustrated with its shocking 50% pipeline failure rate. Recognizing that most of the biggest disasters occurred when breached pipelines cross bodies of water, he, along with his partners, decided in 2004 to start a company that would do it right.
“You can put a lot of pipe on the ground and spend a lot of money but you have to cross that river. And if you can’t, you basically have two ends of pipe and no product can pass through it,” says Dupuis. “We decided the failure rate needed to change within the industry. We didn’t get together to just build a company but also to make the industry better. The first step was understanding what was behind the failure.”
CCI built a pool of experts in each aspect affecting pipeline success, from geology to environmental issues to engineering and construction, all working together with the goal of a zero-failure rate.
“We wanted to ensure we could take an entire project from cradle to grave. We get involved when it’s just an idea and then we follow it all the way through until it’s complete and everything’s done, and that way we can ensure it’s done properly,” says Dupuis.
In just under a decade, CCI has not only become the go-to company for the oil and gas sector, working on some of the biggest pipeline projects in Canada, it has also achieved its goal to improve the industry.
Today, pipeline success rate is 99%. Now the company is using its extensive knowledge and success to improve the reclamation process of infrastructure that has reached the end of its lifecycle. “Our understanding of how to properly do these river crossings has allowed us now to be the go-to company on how to deal with old infrastructure properly,” says Dupuis.