About Enhanced Drilling
Enhanced Drilling is a company based in Straume (Norway) founded in 1987 was acquired by EV Private Equity in July 2019.. 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
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$45 M (USD)54as on Dec 31, 2022
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Net Profit
$11.11 M (USD)670as on Dec 31, 2022
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EBITDA
$11.11 M (USD)670as on Dec 31, 2022
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Latest Funding Round
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Investors
Equinor
& 1 more
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Employee Count
81
as on Dec 31, 2021
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Acquired by
EV Private Equity
(Jul 15, 2019)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for pressure management in offshore drilling operations
Technology for mud recovery in subsea wells
System for cementing in challenging drilling environments
Solution for transporting cuttings during drilling
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Funding Insights of Enhanced Drilling
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Series A - Enhanced Drilling | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Enhanced Drilling
Enhanced Drilling has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Equinor and EV Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in sustainable energy technology companies is facilitated.
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Founded Year | Domain | Location | |
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Enhanced Drilling
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Enhanced Drilling
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Enhanced Drilling Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and app-based onshore and offshore drilling solutions are provided.
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| domain | founded_year | HQ Location |
Manufacturer of polycrystalline diamond compact drill bits
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| domain | founded_year | HQ Location |
Integrated drilling data solutions are provided for real-time optimization.
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| domain | founded_year | HQ Location |
Dual Drill String technology solution for oil and gas drilling industry
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| domain | founded_year | HQ Location |
Provider of real-time drilling decision support for oil and gas industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Enhanced Drilling
Frequently Asked Questions about Enhanced Drilling
When was Enhanced Drilling founded?
Enhanced Drilling was founded in 1987 and raised its 1st funding round 18 years after it was founded.
Where is Enhanced Drilling located?
Enhanced Drilling is headquartered in Straume, Norway. It is registered at Straume, Vestland, Norway.
How many employees does Enhanced Drilling have?
As of Dec 31, 2021, the latest employee count at Enhanced Drilling is 81.
What is the annual revenue of Enhanced Drilling?
Annual revenue of Enhanced Drilling is $45M as on Dec 31, 2022.
What does Enhanced Drilling do?
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.
Who are the top competitors of Enhanced Drilling?
What products or services does Enhanced Drilling offer?
Enhanced Drilling offers EC-Drill®, RMR®, MPC®, and CTS.
Who are Enhanced Drilling's investors?
Enhanced Drilling has 2 investors. Key investors include Equinor, and EV Private Equity.
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