Grant Prideco

What Grant Prideco does

Grant Prideco is a Houston-headquartered brand within NOV (National Oilwell Varco, NYSE: NOV) that develops drill stem technology and manufactures, sells, and services drill pipes, heavy weight drill pipes, drill collars, and specialty downhole tools. Founded in 1975 and acquired by NOV, the company serves the global drilling industry, with customers concentrated among oil and gas operators, drilling contractors, and increasingly offshore wind and energy-transition infrastructure developers. Its product portfolio is anchored by proprietary connection technology, notably the Delta and Delta Prime drill pipe connections, which require 50% fewer turns from stab to makeup than conventional alternatives, and is supported by a suite of engineering tools: the Connection Library, Performance Calculator, Licensee Locator, and LicensEase database. The brand operates through NOV's worldwide footprint of 57 countries with a network of licensed repair facilities providing 24/7 technical support.

Grant Prideco generates revenue primarily through the sale of drill pipe and related tubular products, complemented by aftermarket parts, repair, re-certification, and maintenance services delivered through its global licensee network. Pricing is quote-based and tailored to customer specifications, rig configurations, and multi-year contract terms, with no public price list. Distribution is executed through NOV's direct enterprise field sales organization and authorized licensee repair facilities, targeting major integrated oil companies, national petroleum companies, and drilling contractors. The business model is hardware-led with a recurring aftermarket and digital services overlay, including integration with NOV's Max industrial IoT platform, Drilling Beliefs & Analytics, and NOVOS Reflexive Drilling System. Named enterprise customers span Stena Drilling, ExxonMobil Guyana, Petrobras, Southern Energy SA, Hanwha Ocean, and Velesto Drilling, with recent flagship wins including Petrobras's Best Flexible Pipes Supplier award and the GustoMSC NG-16000X offshore wind installation vessel contract for Hanwha Ocean (delivery 2028).

Standalone Grant Prideco revenue is not separately disclosed; financials are consolidated within NOV. At the parent level, NOV reported $310M in renewable and low-carbon-related revenue in 2025, driven by cable lay vessel projects and composite solutions, and continues to expand into AI-driven drilling optimization through partnerships with AIQ and ruggedized edge computing through Armada. Grant Prideco's near-term trajectory is therefore tied both to global drilling rig count cycles and to NOV's broader strategic expansion into digital drilling and energy-transition infrastructure.

Name

Grant Prideco

Legal name

Grant Prideco

Website

https://nov.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Grant Prideco, a brand within NOV (National Oilwell Varco), manufactures drill pipe, drill collars, and proprietary connection technology for the global drilling industry, serving oil and gas operators, drilling contractors, and energy-transition customers via direct enterprise sales and a worldwide network of licensed repair facilities.

Ownership category

akta.pro rank

Product category

Oilfield Drilling Equipment

NAICS

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

SIC

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

akta.pro primary industry

OCTG, Line Pipe & Tubular Services (Supply, Inspection, Threading) (EUALABAN)

akta.pro secondary industries

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Drill pipe products
• Downhole connection technology
• Oilfield equipment manufacturing
• Heavy weight drill pipe
• Drill collar tubulars

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment and Product Sales: NOV generates the majority of its revenue through the sale of drilling equipment, subsea production systems, fiber glass systems, and related oilfield technologies. Grant Prideco contributes through the sale of drill pipe, heavy weight drill pipe, drill collars, and connection technology.
2. Aftermarket Parts and Services: NOV operates extensive aftermarket and service networks providing spare parts, repair, re-certification, and maintenance services. Grant Prideco maintains licensed repair facilities globally offering 24/7 technical support.
3. Digital and Analytics Solutions: NOV generates revenue from digital solutions including the Max industrial IoT platform, Drilling Beliefs & Analytics, eVolve optimization services, and software-enabled drilling technologies that deliver measurable cost savings.
4. Renewable and Energy Transition Solutions: NOV generated $310 million in revenue from low carbon and renewable-related solutions in 2025, led by strong demand for cable lay vessel projects supporting offshore wind infrastructure and composite solutions for wind applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Grant Prideco develops and manufactures drill pipe, heavy weight drill pipe, drill collars, and proprietary downhole connection technology for the global oil and gas drilling industry. Its product portfolio is supported by a suite of engineering tools (Connection Library, Performance Calculator, Licensee Locator, LicensEase) that enable operators and drilling contractors to access technical documentation, perform performance calculations, and locate certified repair facilities worldwide. The brand operates as part of NOV's Wellbore Technologies segment and serves oil and gas operators and drilling contractors with both equipment sales and aftermarket service.

Product overview

Grant Prideco is a brand under NOV (National Oilwell Varco) specializing in drill pipe and downhole tubular solutions. The product portfolio centers on drill pipe products with proprietary connection technology, supported by a suite of engineering tools including the Connection Library, Performance Calculator, Licensee Locator, and LicensEase database. These tools enable operators to access technical documentation, calculate performance specifications, and locate certified repair facilities globally. The brand's core value proposition lies in connection performance, reportedly achieving 50% fewer turns necessary from stab to makeup compared to conventional alternatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Grant Prideco Connection Library Online technical document and brochure library providing engineers and operators with up-to-date specifications, brochures, and resources for Grant Prideco drill pipe and connection products.
• Grant Prideco Licensee Locator Searchable global directory of NOV-authorized Grant Prideco licensed repair facilities providing 24/7 service and technical support for Grant Prideco drill pipe products.
• Grant Prideco Performance Calculator Online engineering calculator that enables users to create drill pipe, heavy weight drill pipe, and drill collar specifications and performance data for drilling program planning.
• Grant Prideco LicensEase Database portal providing resources to Grant Prideco licensed repair facilities, including access to technical documentation and operational guidelines for authorized service centers.
• Drill Pipe Products Premium drill pipe, heavy weight drill pipe, and drill collars with advanced proprietary connection technology (including Delta and Delta Prime designs requiring 50% fewer turns from stab to makeup) used by oil and gas operators and drilling contractors in land and offshore drilling programs.

Quantifiable outcome

• 70% reduction in planned maintenance costs achieved with Max Maintenance usage-driven maintenance program
• +8 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Hanwha OceanflagshipStrategic or Co-development Partner · 11 February 2026NOV secured a contract for the next-generation GustoMSC NG-16000X wind turbine installation vessel for Hanwha Ocean. The jack-up vessel offers enhanced lifting and carrying capacities, with delivery expected in 2028. This is a flagship contract in NOV's offshore wind technology portfolio.
• AIQcoreTechnology or Integration · 12 January 2026NOV and AIQ collaborate to advance AI-enabled drilling optimization by combining NOV's drilling systems and Max industrial IoT platform with AIQ's industrial AI to accelerate AI-powered drilling optimization and support broader international adoption.
• ArmadacoreTechnology or Integration · 17 November 2025NOV and Armada collaborate to bring AI-powered solutions to the edge. The ruggedized industrial edge computing platform enables real-time, AI-driven decision-making across energy, mining, manufacturing, and utilities sectors.
• TerraFlow EnergycoreStrategic or Co-development Partner · 28 May 2025NOV and TerraFlow Energy collaborate to support AI-scale power infrastructure. The collaboration combines TerraFlow's long-duration energy storage technology with NOV's expertise in fiberglass systems, manufacturing, and field execution to support applications requiring durability, corrosion resistance, and long asset life.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hunting PLC: Hunting is a major manufacturer and supplier of OCTG, drill pipe, and related downhole tools with its own proprietary connections (e.g., PH6, HUNTdeep), making it a directly comparable drill pipe competitor.
• Tenaris: Tenaris is the world's largest manufacturer of seamless OCTG and drill pipe, including proprietary connection products. It is the most direct competitor to Grant Prideco's drill pipe and tubular portfolio globally.
• TMK Group: TMK is one of the world's largest OCTG and drill pipe manufacturers, with proprietary connections (e.g., TMK PF) and global operations overlapping with Grant Prideco's drill pipe markets.
• Vallourec: Vallourec is a leading global supplier of premium seamless OCTG and drill pipe with proprietary VAM connection technology, directly competing with Grant Prideco's Delta and Delta Prime connection systems.

Broad incumbents

• Baker Hughes: Baker Hughes is a major oilfield equipment and services provider with overlapping drilling, completions, and subsea product lines that compete with NOV's portfolio across all categories including Grant Prideco's tubulars.
• Schlumberger (SLB): SLB is the largest global oilfield services company with broad drilling, completions, and equipment offerings that overlap with NOV/Grant Prideco across drilling tools, automation, and digital solutions.
• Weatherford International: Weatherford supplies drilling, evaluation, and completions products and services globally, with overlapping drill bit, downhole tool, and tubular offerings relative to NOV/Grant Prideco.
• Halliburton: Halliburton is a major diversified oilfield services and product company supplying drilling tools, drill bits, and completions technologies; it competes with NOV's drilling portfolio, of which Grant Prideco is part.
• TechnipFMC: TechnipFMC is a major subsea, surface, and drilling equipment supplier with overlapping drilling and wellhead systems that compete with NOV's broader portfolio adjacent to Grant Prideco.

Regional players

• Sumitomo Corporation: Sumitomo is a major Japanese trading house and OCTG distributor/manufacturer primarily serving Asia-Pacific markets, providing a regional competitive overlap with Grant Prideco's drill pipe distribution.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/national-oilwell-varco

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Grant Prideco