Enhanced Drilling

Straume, Norway Founded: 1987 • Age: 39 yrs Acquired By Expro
Technology solutions for drilling industry
Annual revenue $45.0M Latest available
Total funding - 1 rounds
Employees 81 Tracked headcount
Investors 3 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About Enhanced Drilling

Enhanced Drilling is a company based in Straume (Norway) founded in 1987 was acquired by Expro in May 2026. The company has 81 employees as of December 31, 2021. Enhanced Drilling offers products and services including EC-Drill®, RMR®, MPC®, and CTS. Enhanced Drilling operates in a competitive market with competitors including Nabors, Ulterra, Pason, Reelwell and Verdande Technology, among others.

  • Headquarter Straume, Norway
  • Employees 81 as on 31 Dec, 2021
  • Sectors
    Energy & Utilities
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $45 M (USD)
    54
    as on Dec 31, 2022
  • Net Profit
    $11.11 M (USD)
    670
    as on Dec 31, 2022
  • EBITDA
    $11.11 M (USD)
    670
    as on Dec 31, 2022
  • Latest Funding Round
    Not available
  • Investors
    Equinor

    & 2 more

  • Employee Count
    81

    as on Dec 31, 2021

  • Acquired by
    Expro

    & 1 more

    (May 05, 2026)

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Products & Services of Enhanced Drilling

Enhanced Drilling offers a comprehensive portfolio of products and services, including EC-Drill®, RMR®, MPC®, and CTS.

Product name locked
Category locked
Primary

System for pressure management in offshore drilling operations

Product name locked
Category locked
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Technology for mud recovery in subsea wells

Product name locked
Category locked
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System for cementing in challenging drilling environments

Product name locked
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Solution for transporting cuttings during drilling

People of Enhanced Drilling

Headcount 50-200
Employee Profiles 30
Employee Profiles
People
Paul Murphy
Global Supply Chain Manager
People
Lars J. Halvorsen
COO
People
Rune M Daae
VP Group Accounting
People
Kjetil Lunde
CEO

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Funding Insights of Enhanced Drilling

Investors in Enhanced Drilling

Enhanced Drilling has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Equinor, Expro and EV Private Equity.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment in sustainable energy technology companies is facilitated.
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Full-cycle energy services for well construction and intervention are provided.
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Investor details for Enhanced Drilling

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  • Investor locations
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Investments & Acquisitions by Enhanced Drilling

Investments
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Investment portfolio details for Enhanced Drilling

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Financial Statements - Enhanced Drilling

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Detailed financials for Enhanced Drilling

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  • Profit trends
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Enhanced Drilling Comparisons

Enhanced Drilling Primary company
Description
Technology solutions for drilling industry
Location
Straume, Norway
Founded Year
1987
Annual Revenue
$45 M (USD)
Net Profit
$11.11 M (USD)
EBITDA
$11.11 M (USD)
Employees
81
As of 2021
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Peer comparison for Enhanced Drilling

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Competitors of Enhanced Drilling

Enhanced Drilling operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nabors, Ulterra, Pason, Reelwell and Verdande Technology, among others.

Company Name Domain Founded year HQ Location Description
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Manufacturer of polycrystalline diamond compact drill bits
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Integrated drilling data solutions are provided for real-time optimization.
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Dual Drill String technology solution for oil and gas drilling industry
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Provider of real-time drilling decision support for oil and gas industry
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Detailed competitors of Enhanced Drilling

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Latest news on Enhanced Drilling

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Complete news archive for Enhanced Drilling

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Frequently Asked Questions about Enhanced Drilling

Enhanced Drilling was founded in 1987 and raised its 1st funding round 18 years after it was founded.

Enhanced Drilling is headquartered in Straume, Norway. It is registered at Straume, Vestland, Norway.

As of Dec 31, 2021, the latest employee count at Enhanced Drilling is 81.

Annual revenue of Enhanced Drilling is $45M as on Dec 31, 2022.

Enhanced Drilling (fka AGR Enhanced Drilling) is a Norway-based company focused on providing drilling services and solutions to the oil and gas industry. The company provides EC-Drill Managed Pressure Drilling system which is is a Controlled Mud Level (CML) system that enables operators to drill within a narrow pressure window. The company also offers Riserless Mud Recovery system which is a risk reduction tool. It is a Dual Gradient Drilling system which returns mud and cuttings to the rig before the marine riser is run, without discharge to the seabed. The company also offers Managed Pressure Cementing, and Cuttings Transportation Systems.

Enhanced Drilling's top competitors include Nabors, Pason and Sekal.

Enhanced Drilling offers EC-Drill®, RMR®, MPC®, and CTS.

Enhanced Drilling has 3 investors. Key investors include Equinor, Expro, and EV Private Equity.

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