Hammertech

What Hammertech does

Hammertech is a Norwegian oilfield technology company headquartered in Nesttun/Bergen that designs and manufactures the AquaField family of multiphase flow meters and water cut meters for the upstream oil and gas industry. Its core technology is the patented High Frequency Magnetic Field Technique (HFMFT), a proprietary eddy-current-based measurement method that is PVT-independent, self-calibrating, and non-nuclear. The product line spans AquaField Green (water cut meter), AquaField Gold (multiphase flow meter for production wellheads), and the more recently introduced patent-pending AquaField Mud (drilling-fluid meter), with stated pricing positioned at roughly one-fifth of traditional multiphase flow meters and 40–60% CAPEX reduction for operators. Manufacturing capacity is stated at 1,000+ units per year.

The company monetises through direct equipment sales and frame agreements to national oil companies (Saudi Aramco, ADNOC), international oil companies (TotalEnergies), and a long tail of independent operators and oilfield services companies across the Middle East, North America, South America, and Asia Pacific, supported by a network of regional channel partners. Hammertech is a wholly-owned subsidiary of Nordic Technology Group AS (NTG) and operates with a headcount in the 11–50 range. Recent strategic milestones — including Saudi Aramco 9COM certification and ADNOC prequalification in 2025, a three-year frame agreement covering ~90 AquaField Mud units, and continued multi-region expansion — indicate a company transitioning from a niche technology vendor to a qualified multi-NOC supplier.

The business model is fundamentally a hardware-led capital equipment sale into wellhead infrastructure, with integration via MODBUS into operator SCADA systems and aftermarket service revenue implicit in the installed base. Customer engagement is project- and tender-driven, with sales cycles gated by NOC qualification, technical acceptance testing, and multi-year frame-agreement procurement cycles.

Name

Hammertech

Legal name

Hammertech AS

Website

https://hammertech.no

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Hammertech is a Norwegian oilfield technology company that designs and manufactures PVT-independent, non-nuclear multiphase flow meters and water cut meters under the AquaField brand, serving national and international oil companies and drilling operators globally via direct sales and regional channel partners.

Ownership category

akta.pro rank

Product category

Multiphase Flow Measurement Equipment for Oil & Gas

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Totalizing Fluid Meter and Counting Device Manufacturing (334514), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533), Totalizing Fluid Meters & Counting Devices (3824)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Multiphase flow measurement
• Water cut meters
• Oil and gas metering
• Drilling fluid analysis
• Wellhead production monitoring

Headquarters

HQ city

Nesttun

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales - AquaField Multiphase Meters: Sale of multiphase metering equipment including AquaField Green (water cut meter), AquaField Gold (multiphase flow meter), and AquaField Mud (drilling fluid meter). Equipment sales represent primary revenue stream with varying order sizes from individual units to large batch orders.
2. Equipment Rental: Rental of AquaField meters for mobile well testing applications. Example: rental to Norpetco in Egypt for mobile well testing.
3. Frame Agreements: Multi-year frame agreements with major customers for ongoing supply of meters. Example: Three-year frame agreement with international O&G services company forecasting ~90 AquaField Mud meters over three years.
4. Service and Maintenance: Installation, commissioning, and ongoing service support for deployed meters. Remote monitoring and support services.

Pricing tiers

Go-to-market motion3 records

Distribution channels11 records

Marketing channels6 records

Core offering

Hammertech manufactures and sells the AquaField family of multiphase flow and water cut meters (AquaField Green, AquaField Gold, and AquaField Mud) for the oil and gas industry. The meters use the patented High Frequency Magnetic Field Technique (HFMFT) to deliver PVT-independent, self-calibrating, non-nuclear real-time measurement of water, oil, and gas fractions at the wellhead or in drilling mud. Products are sold to oil and gas operators, drilling service providers, and well testing companies via direct enterprise sales and a global network of channel partners.

Product overview

Hammertech offers the AquaField solution portfolio, comprising three distinct multiphase metering products designed for the oil and gas industry. The portfolio includes AquaField Green (multiphase water cut meter for water breakthrough detection), AquaField Gold (full multiphase flow meter for production monitoring), and AquaField Mud (drilling fluid analyzer for real-time mud logging). All three products utilize the same high-frequency magnetic field technique (HFMFT) technology, are PVT-independent, self-calibrating, and contain no nuclear sources. The products share common interfaces including MODBUS connectivity and are designed to work both independently and as part of integrated field automation systems.

Differentiator

Problem solved

Functional benefit

Brands

• AquaField Green: PVT-Independent and self-calibrating multiphase water cut meter for measuring water fraction, gas fraction, oil fraction, and salinity at the wellhead.
• AquaField Gold
• AquaField Mud

Products and services

• AquaField Green PVT-independent, self-calibrating multiphase water cut meter installed at the wellhead to identify changes in water production from production wells. Measures water cut, water fraction, gas fraction, oil fraction, and salinity without nuclear sources or PVT data, enabling real-time reservoir management and water breakthrough detection for oil & gas operators.
• AquaField Gold Self-calibrating multiphase flow meter that measures production flow rates and salinity from individual wells without requiring nuclear sources and without PVT input once in operation. Provides oil-water-gas flowrate measurements for production monitoring and reservoir optimization for oil & gas operators.
• AquaField Mud Real-time automated mud meter that continuously measures water, oil, solids, and cuttings fractions in drilling mud. Patent-pending 4-phase measurement solution for automated mud logging supporting managed pressure drilling (MPD), logging-while-drilling (LWD), and drilling automation for drilling operators and service companies.

Quantifiable outcome

• CAPEX reduction: 40-60%
• +6 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

15 partnerships are on record, tiered flagship, core, strategic and minor.

• Major International Oil & Gas Services CompanyflagshipStrategic or Co-development Partner · 10 March 2026Three-year frame agreement for AquaField Mud meters with forecast of approximately 90 units over three years. Customer integrating AquaField Mud as key component in automated drilling solutions. Represents substantial ongoing relationship.
• Autochim SystemscoreChannel Partner/ Reseller/ Distributor · 25 April 2025Autochim Systems is Hammertech's agent and distributor in UAE based in Abu Dhabi. Played key role in facilitating ADNOC prequalification process. Leading provider of industrial automation and instrumentation solutions with deep understanding of local requirements.
• FAPEPEstrategicStrategic or Co-development Partner · 12 February 2025Fundação de Apoio à Pesquisa e Extensão de Itajubá supports R&D initiatives and evaluates cutting-edge technologies for multiphase metering. Collaboration for customized AquaField Gold for offshore verification testing in Brazil.
• Accuflow (US)coreChannel Partner/ Reseller/ Distributor · 31 December 2024Accuflow is a leader in advanced separation technologies in US. Initial order for 10 AquaField multiphase meters. Partnership advancing automation and digitalization in multiphase flow measurement. Headquartered in Bakersfield, CA.
• ApluscoreChannel Partner/ Reseller/ Distributor · 9 October 2023Aplus (APULS Oil Services) is Hammertech's channel partner and authorized reseller in Egypt, handling sales, support and local expertise for Egyptian and Libyan markets. Founded in 1999, headquartered in Cairo. Secured order of 5 AquaField meters for Egypt and Libya deployment.
• Phoenix CompletionscoreChannel Partner/ Reseller/ Distributor · 4 September 2023Phoenix Completions is Hammertech's first US reseller partnership. Decision to rent 7 and purchase 5 totaling 12 AquaField GOLD multiphase flow meters. Engaged in discussions with key players in US shale sector for permanent meter installations. Batch order approximately NOK 8 million.
• Al MansooricoreChannel Partner/ Reseller/ Distributor · 24 April 2023Al Mansoori is one of the largest well testing companies in the Middle East. Recognized the simplicity of using AquaField as part of their well testing packages. After successful testing in Oman, purchased AquaField to be used as permanent component in their system.
• Special Oilfield Services (S.O.S.)coreChannel Partner/ Reseller/ Distributor · 21 March 2022Local partner in Oman providing technical expertise and customer support for Hammertech. Supported installation and commissioning of AquaField meters remotely from Norway during COVID-19 pandemic.
• DNV GLstrategicTechnology or Integration · 31 January 2022Conducted blind testing of AquaField meters in Netherlands for Saudi Aramco pre-qualification. Independent verification of meter performance and reliability.
• NESMA Industrial Services Co. Ltd.coreChannel Partner/ Reseller/ DistributorChannel partner for Saudi Arabia market. Contact: Jad Chaaya, +966554382282, [email protected]. Address: 6681 Prince Majid Ibn Abdulaziz, Al Khubar Ash Shamaliyah Dist., Postal Code 34427, Al Khobar, Kingdom of Saudi Arabia.
• Sync Plus Sdn BhdminorChannel Partner/ Reseller/ DistributorChannel partner for Asia Pacific region. Address: D-3-2 Block D, Medan Avenue 1, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
• ESCO (Argentina)minorChannel Partner/ Reseller/ DistributorChannel partner for South America market. Address: Dr. Mariano Moreno 4165 (B1605BOA), Munro, Vicente López, Argentina. Contact: +54-11-2120-4500, [email protected].
• WSSM LLCcoreChannel Partner/ Reseller/ DistributorAuthorized representative in USA for upstream oil and gas clients across both onshore and offshore applications. Address: 10119 Kessler Cove Lane, Katy, TX 77494. Contact: 832-600-3328, [email protected].
• Nordic Technology Group AS (NTG)flagshipOthersNTG is Hammertech's parent company. Dedicated to technologies contributing to solve society challenges using electronics and software as building blocks. Targeting international markets and building industry leaders through synergies within sensor and clean-tech segments. Leverages extensive patent library.
• Innovation NorwayminorGTM or Marketing PartnerArranged Norwegian Pavilion at international exhibitions including OTC Houston and ADIPEC Abu Dhabi. Hammertech exhibited as part of this national initiative.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• TechnipFMC: TechnipFMC supplies subsea production systems and measurement equipment used by oil & gas operators. Its measurement and surface equipment portfolio overlaps with Hammertech's wellhead multiphase meters.
• Halliburton: Halliburton is a major oilfield services company offering production monitoring, logging-while-drilling, and automation solutions that overlap with Hammertech's drilling mud measurement and well testing replacement value propositions.
• Weatherford International: Weatherford provides a portfolio of production and drilling solutions including multiphase meters, well testing, and drilling automation that compete with Hammertech's full product suite across production and drilling segments.
• Schlumberger (SLB) / OneSubsea: Schlumberger's OneSubsea subsea business (which absorbed Framo Engineering, itself a former employer of Hammertech's VP Sales) provides integrated multiphase metering and subsea production systems. Hammertech's VP Sales Finn Erik Mohn and external advisor Nils Vaagen came from this organization.
• Schlumberger Reservoir Performance / Sensia: SLB's Reservoir Performance division (formerly operating as Cameron) produces multiphase flow meters and water cut meters for upstream applications, overlapping with Hammertech's AquaField portfolio.

Others

• Endress+Hauser: Endress+Hauser is a global measurement instrumentation supplier providing flow meters and analytical instruments for oil & gas, water, and process industries. Its Coriolis and other flow measurement products compete in adjacent measurement categories.
• Yokogawa Electric: Yokogawa manufactures industrial flow meters and process measurement instruments. While primarily serving process industries, its flow measurement products sometimes compete with water cut meters in adjacent upstream measurement applications.

Direct peers

• AGAR Corporation: AGAR specializes in multiphase flow meters and water cut meters for upstream oil & gas production. It is a direct head-to-head competitor to Hammertech's AquaField Green and AquaField Gold product lines, serving the same operators with similar technology.
• CiT (Cameron) - part of SLB: Cameron (now part of SLB) historically provided multiphase flow measurement solutions to oil & gas operators under its CiT and PhaseWatcher lines, representing one of the legacy multiphase metering competitors to Hammertech's AquaField products.
• Emerson Roxar (formerly Roxar Flow Measurement): Emerson's Roxar division is the legacy leader in multiphase flow meters for oil & gas. Several Hammertech executives (CTO Morten Brandt, VP R&D Kristian Eckhoff, Senior Multiphase Specialist Stig Frøyen) previously held senior positions at Roxar/Fluenta, and Hammertech directly competes with Roxar's multiphase products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hammertech-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries1 record

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 Hammertech