What Enhanced Drilling does

Enhanced Drilling AS is a Norway-headquartered (Bergen) private oilfield services company, founded in 1987, that designs and deploys a portfolio of six proprietary managed pressure drilling (MPD) technologies for offshore drilling campaigns. Its product set—EC-Drill®, EC-Drill® Dual MPD (deepwater/ultra-deepwater), EC-Monitor™ (real-time kick and loss detection), MPC® Managed Pressure Cementing, RMR® Riserless Mud Recovery, and CTS Cuttings Transportation System—is organized by drilling phase (top-hole, intermediate section, reservoir/completion), addressing narrow pressure windows, wellbore instability, lost circulation, shallow flow hazards, and environmentally sensitive-area constraints. The portfolio underpins the company's positioning as enabling operators to "drill safer, smarter, and more sustainably," with documented field outcomes backed by case studies and TechTalk content.

The company operates a B2B enterprise model, selling directly to major international and national offshore oil & gas operators and rig contractors through global direct enterprise sales. Revenue is generated primarily through managed pressure drilling services on long-term contracts, supplemented by licensing of proprietary technologies (EC-Drill®, EC-Monitor™, RMR®, MPC®). Pricing is non-public and project-scoped. Per Expro's acquisition disclosure, the business generates $50M+ in annual adjusted EBITDA at margins exceeding 30%, supported by a $275M order backlog—both indicative of mature operational leverage in a specialized niche. The company is privately held with 251–500 employees, headquartered in Bergen with operating presence in EMEA.

In May 2026, Expro Group Holdings N.V. announced a definitive agreement to acquire Enhanced Drilling for approximately $215 million (~2 billion NOK) in cash, expected to close in Q3 2026, subject to regulatory approvals. The transaction is positioned to consolidate MPD capabilities within a larger well-construction services platform and extend global reach. Pre-acquisition external capital is sparsely documented—the only disclosed funding event is a 2007 investment from Viking Growth—and ownership structure, founder equity composition, and pre-acquisition shareholder composition are not publicly disclosed.

Name

Enhanced Drilling

Legal name

Enhanced Drilling AS

Website

https://enhanced-drilling.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

251–500 employees

Short description

Enhanced Drilling is a Norway-based oilfield services company providing proprietary managed pressure drilling (MPD) technologies and managed services for offshore oil and gas operators and rig contractors, subject to pending acquisition by Expro Group Holdings N.V.

Ownership category

akta.pro rank

Product category

Oilfield Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Directional Drilling & MWD/LWD Services (EUALABAB)

akta.pro secondary industries

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Managed pressure drilling
• Offshore drilling services
• Wellbore pressure control
• Deepwater drilling technology
• Oilfield services

Headquarters

HQ city

Straume

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Managed Pressure Drilling Services: Provides specialized MPD technologies and services to oil & gas operators for offshore drilling operations, generating recurring service revenue from long-term contracts.
2. Technology Licensing: Licensing of proprietary drilling technologies including EC-Drill®, EC-Monitor™, RMR®, and MPC® to operators and drilling contractors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Enhanced Drilling provides proprietary managed pressure drilling (MPD) technologies and related field services to offshore oil & gas operators and rig contractors. Its portfolio covers every well-construction phase—top-hole (RMR®, CTS, MPC®), intermediate, and reservoir/completion (EC-Drill®, EC-Drill® Dual MPD, EC-Monitor™)—enabling safer, more efficient drilling in narrow pressure windows, deepwater and environmentally sensitive areas.

Product overview

Enhanced Drilling is an oilfield services company offering a portfolio of managed pressure drilling (MPD) technologies and services for offshore drilling operations. The company's product portfolio includes EC-Drill® for managed pressure drilling, EC-Drill® Dual MPD for deepwater applications, EC-Monitor™ for real-time kick and loss detection, CTS Cuttings Transportation System, MPC® Managed Pressure Cementing, and RMR® Riserless Mud Recovery. These technologies are organized by drilling phase (top-hole, intermediate section, and reservoir/completion) to help operators address specific challenges throughout the well construction process. The company operates as a technology provider in the oil and gas sector, offering solutions that enable safer, smarter, and more sustainable offshore drilling.

Differentiator

Problem solved

Functional benefit

Products and services

• EC-Drill® Managed Pressure Drilling (MPD) technology that enables precise wellbore pressure control during drilling operations, allowing operators to drill in challenging formations with narrow pressure windows. Targeted at offshore oil & gas operators and drilling contractors.
• EC-Drill® Dual MPD Deepwater managed pressure drilling solution designed for ultra-deepwater applications, enabling operators to drill in the most challenging deepwater environments with enhanced pressure control. Targeted at offshore oil & gas operators undertaking deepwater and ultra-deepwater drilling campaigns.
• EC-Monitor™ Real-time kick and loss detection system that provides continuous monitoring of wellbore conditions, enabling instant detection of influx or fluid losses during drilling operations. Targeted at drilling engineers and operators on offshore rigs.
• CTS Cuttings Transportation System System for efficiently transporting drill cuttings from the wellbore to the surface, improving drilling efficiency and environmental compliance in top-hole sections. Targeted at operators drilling top-hole sections.
• MPC® Managed Pressure Cementing Managed pressure cementing technology that enables precise pressure control during cementing operations, reducing risk of fluid losses and improving well integrity in challenging formations. Targeted at operators needing reliable cementing in narrow pressure windows.
• RMR® Riserless Mud Recovery Riserless mud recovery system for top-hole drilling sections, enabling drilling operations without a marine riser and reducing environmental footprint while maintaining drilling efficiency. Targeted at operators drilling in environmentally sensitive offshore areas.

Quantifiable outcome

• EBITDA margins exceeding 30% and annual adjusted EBITDA over $50 million
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Expro Group Holdings N.V.flagshipStrategic or Co-development Partner · 5 May 2026Expro announced definitive agreement to acquire Enhanced Drilling for approximately $215 million (2 billion NOK) in cash. The acquisition would add managed pressure drilling technologies and approximately $275 million of order backlog to Expro's portfolio. Expected to close in Q3 2026. Would add over $50 million in annual adjusted EBITDA at margins exceeding 30%.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Expro Group Holdings N.V. Expro is the announced acquirer of Enhanced Drilling and itself operates an integrated portfolio of well construction, well flow management, and pressure-control services for the offshore oil and gas sector. Post-close, Expro will be the natural home for Enhanced Drilling's MPD franchise and the closest direct competitor in managed pressure drilling services.
• Weatherford International: Weatherford offers well construction and drilling services including managed pressure drilling systems and downhole pressure management tools. It competes head-to-head with Enhanced Drilling for offshore MPD and wellbore pressure-control contracts with major operators.
• Tesco Drilling Technology (a NOV company): Tesco Drilling Technology, part of NOV, supplies top-drive and casing-running tools used in conjunction with managed pressure drilling operations. It competes with Enhanced Drilling in the well-construction tool segment and is a comparable MPD-adjacent niche specialist.

Broad incumbents

• Schlumberger (SLB): SLB is the largest diversified oilfield services company with deep drilling, MPD-adjacent pressure management, and digital drilling offerings through brands such as M-I SWACO and DrillX. It overlaps with Enhanced Drilling across drilling fluids, pressure management, and integrated offshore drilling projects and dwarfs it in scale and geographic reach.
• Halliburton: Halliburton is a global OFS incumbent with deep drilling, well construction, and pressure-control capabilities that compete with Enhanced Drilling's MPD portfolio. Its worldwide service network and bundled offerings make it a primary competitor for integrated offshore tenders.
• Baker Hughes: Baker Hughes provides drilling, completions, and pressure-management services globally, with overlapping pressure-control technology that competes with Enhanced Drilling's EC-Drill® and RMR® systems. Its broad portfolio and international scale make it a frequent rival in offshore well construction bids.

Regional players

• Archer Limited: Archer is a Norway-based oilfield services company providing drilling, well services, and platform drilling to North Sea operators. It is a regional peer serving the same Norwegian/EMEA offshore customer base as Enhanced Drilling and overlaps in drilling-related services.
• Aker Solutions ASA: Aker Solutions is a Norway-headquartered engineering and oilfield services provider serving North Sea and global offshore operators, with overlap in subsea and drilling-related services. Comparable as a Norwegian oilfield services specialist serving the same regional customers.
• Odfjell Drilling: Odfjell Drilling is a Norway-based offshore drilling contractor operating harsh-environment and deepwater rigs for North Sea and international operators. It is a key customer/partner category for Enhanced Drilling's MPD services and operates in the same Norwegian offshore ecosystem.

Emerging players

• Sintex AS: Sintex is a smaller Norwegian-based specialist focused on managed pressure drilling equipment and services. It is a direct niche competitor to Enhanced Drilling in the MPD equipment and services space, particularly in the North Sea.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/enhanced-drilling

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enhanced Drilling