Nobel Energy

Name

Nobel Energy

Legal name

Nobel Energy Management LLC

Website

https://nobelenergy.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Integrated Energy Services for Oil & Gas

NAICS

Engineering Services (541330)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

akta.pro secondary industries

Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport) (EUAMAFAL), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

Keywords

• Energy services
• Offshore drilling services
• Engineering procurement construction
• Fabrication services
• Renewable energy development

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering, Procurement and Construction (EPC) Services: Provides EPC services for oil and gas infrastructure projects including refineries, platforms, and industrial facilities. Revenue generated through project-based contracts with fixed or cost-plus pricing.
2. Operations and Maintenance Services: Ongoing O&M contracts for offshore platforms, terminals, pipelines, and processing facilities. Provides equipment maintenance, valve services, turbomachinery services, and asset integrity management.
3. Drilling Services: Integrated drilling and well services including well design, drilling, completion, workover, and multilateral well drilling through SOCAR AQS joint venture.
4. Fabrication Services: Offshore and onshore fabrication of structural steelwork, pipe work systems, vessels, tanks, and related packages through SDL Nobel.
5. Renewable Energy Development: Solar power plant development through subsidiary Enerso, including project development, construction, and electricity trade.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Nobel Energy is an integrated energy services company providing drilling services, engineering-procurement-construction management (EPCM), offshore and onshore fabrication, field operations and equipment maintenance, procurement and supply chain management, and renewable energy development to oil and gas operators, refineries, and government entities. Services are delivered through subsidiaries (PROKON, Glensol, SDL Nobel, Audubon, Enerso) and joint ventures (SOCAR AQS, Turan Drilling & Engineering), targeting national and international oil companies across the Caspian, Central Asia, Middle East, Africa, Europe and USA.

Product overview

Nobel Energy is an Integrated Energy Production, Development and Services company operating as part of NEQSOL Holding. The company offers a comprehensive portfolio of energy services through its subsidiaries and joint ventures, including: field operations and equipment maintenance (via Glensol), project and construction management (via PROKON), integrated drilling services (via SOCAR AQS and Turan Drilling & Engineering), fabrication services (via SDL Nobel), EPCM services, procurement and supply chain management, and renewable energy development (via Enerso). The company also operates subsidiaries Audubon for offshore EPC, and OGP for enhanced oil recovery. The portfolio also includes a former downstream retail business (Nobel Oil Downstream) in Romania.

Differentiator

Problem solved

Functional benefit

Products and services

• Drilling Services Integrated drilling and well services including well design and planning, drilling of oil and gas wells, directional, horizontal and multilateral wells, well completion, workover, and sidetracking — delivered to offshore platform operators in the Caspian Sea primarily via SOCAR AQS and Turan Drilling & Engineering JVs.
• Engineering, Procurement and Construction Management (EPCM) Integrated engineering, procurement and construction management services for offshore platforms (including AUDUBON-delivered brownfield topsides for Shell in the US Gulf) and downstream industrial facilities such as refineries, ammonia/urea plants, and polymer plants.
• Fabrication Services Offshore and onshore fabrication and installation of structural steelwork, upgrades of offshore facilities, high-pressure flow lines, pipe work systems, vessels, tanks and related packages — delivered by SDL Nobel and related subsidiaries.
• Field Operations and Equipment Maintenance Operations and maintenance of oil & gas, power and water industry equipment including asset integrity management, valve maintenance, pump services, turbomachinery services, electrical motor repair, HVAC maintenance and repair, and electrical & instrumentation services — delivered by Glensol.
• Project and Construction Management Construction and project management in the energy industry covering civil, piping, structural steel, painting, insulation, and equipment erection work for refineries, petrochemical plants, and brownfield industrial facility modifications (e.g., Tüpraş Izmit and Kirikkale refineries) — delivered by PROKON.
• Procurement and Supply Chain Management (PSCM) Integrated procurement and supply chain management services for the energy sector, including at BP's ACG and Shah Deniz operations where the company received a Safety Achievement Award for performance improvement in Safety, Housekeeping and Warehouse Operations Standards.
• Renewable Energy Development Solar power plant development, operations and electricity trade delivered via subsidiary Enerso; uses DNV/IEC-certified ZX300 Lidar Wind Measurement Device for onshore wind measurements up to 200+ metres above ground level. Anchored by MoU with the Ministry of Energy of Azerbaijan for 100MW and 400MW solar plants.

Quantifiable outcome

• Energy savings of 26 million cubic meters of natural gas annually from 50MW solar plant
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• UNG OverseascoreStrategic or Co-development Partner · 30 June 2026Nobel Energy and UNG Overseas (international platform of Uzbekneftegaz) signed MoU to explore strategic cooperation and potential joint venture in Uzbekistan covering oil and gas, power and energy, and water infrastructure sectors. Collaboration combines Nobel Energy's technical capabilities with UNG Overseas' local market access.
• SOCAR GreencoreStrategic or Co-development PartnerMoU signed between SOCAR Green, Siemens Energy, and Nobel Energy to jointly develop renewable energy projects in Azerbaijan.
• SOCAR AQScoreStrategic or Co-development PartnerJoint venture between SOCAR and Nobel Oil Services established in 2007 for integrated drilling and well management services. Nobel Oil Services is the key shareholder. Operates 6 rigs on 5 platforms across 4 offshore fields.
• Wood GroupcoreStrategic or Co-development PartnerJoint venture agreement signed October 2018 combining Wood's engineering capabilities with Nobel Oil's Caspian region expertise for brownfield engineering, procurement, and construction management across offshore Azerbaijan assets.
• GAMA Industry Inc.coreStrategic or Co-development PartnerNobel Oil Services subsidiary PROKON established joint venture ProkonGama with GAMA Industry Inc. Combines PROKON's local construction expertise with GAMA's decades of industrial construction experience across 300+ projects globally.
• KCA DeutagcoreStrategic or Co-development PartnerSOCAR AQS and KCA Deutag formed Turan Drilling & Engineering joint venture in July 2018. Combines KCA Deutag's global drilling expertise with SOCAR AQS's Caspian infrastructure. Awarded $500M+ BP contract for 7 platform drilling rigs.
• Denholm Oilfield ServicescoreStrategic or Co-development PartnerNobel Oil Services acquired 50% of Denholm's fabrication business in Azerbaijan (SDL Denholm Limited and Denholm Oilfield Services Azerbaijan). Joint venture SDL Nobel created combining expertise of both companies.
• MaurilogminorStrategic or Co-development PartnerMoU signed October 2021 to explore opportunities in Mauritanian and Senegalese markets. Focus on oil field operations and equipment maintenance including electrical motor repair, valve repair, pump and HVAC maintenance, fabrication, and engineering services.
• Iraq's General Company for Carbon EconomicsminorStrategic or Co-development PartnerMoU signed May 2023 during First International Conference on Carbon Economics in Baghdad establishing framework for cooperation on climate action, environmental projects, and sustainable development in Iraq.
• EnerMechcoreStrategic or Co-development PartnerJoint venture between EnerMech and Oil & Gas Proserv (OGP), affiliated company of Nobel Energy Group in Azerbaijan. Secured first contracts totaling $3 million for offshore development projects including Absheron gas-condensate field.
• Baker HughescoreTechnology or IntegrationSOCAR AQS worked closely with Baker Hughes on multilateral well drilling project. Baker Hughes conducted technical feasibility study and played important role in successful implementation at West Absheron field.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Lamprell: Lamprell is an offshore and onshore EPC contractor focused on fabrication, modularization, and construction services for the energy industry. It is directly comparable to SDL Nobel's offshore fabrication and to PROKON's construction management for industrial and renewable projects.
• Petrofac: Petrofac is an international EPC and operations services provider to the oil & gas industry with comparable brownfield EPCM, maintenance, and drilling-related service offerings. It directly competes with Nobel/Audubon for IOC engineering, procurement, and construction management tenders in the Caspian and Middle East.
• Saipem: Saipem provides integrated EPC, drilling, and fabrication services for the oil & gas industry with significant Caspian and Middle East exposure. It is directly comparable to Nobel's integrated drilling and offshore EPC offering and competes for similar supermajor contract scopes.
• McDermott International: McDermott is a global EPC and fabrication specialist for offshore oil & gas projects, directly comparable to Audubon's offshore brownfield topsides work for Shell in the US Gulf of Mexico and to SDL Nobel's offshore fabrication services. Both compete for the same IOC offshore EPC scopes.
• SOCAR AQS: SOCAR AQS is a Caspian-focused drilling and well services joint venture between SOCAR and Nobel Oil Services. It is comparable as a directly affiliated peer operating drilling rigs and well services on Azerbaijan offshore platforms — overlapping with Nobel's core drilling capability.
• KCA Deutag: KCA Deutag is a global drilling and engineering contractor with deep Caspian operations (Turan Drilling & Engineering JV partner of Nobel/SOCAR AQS). It is directly comparable as a land and offshore drilling rig operator and platform services provider serving the same IOC and NOC client base in Azerbaijan.

Broad incumbents

• TechnipFMC: TechnipFMC is a global leader in subsea, offshore, and surface project solutions for the oil & gas industry. It is comparable as a broader incumbent offering integrated EPC and drilling-related technologies that compete with Nobel/Audubon for offshore brownfield and topsides scopes.
• Wood Group (John Wood Group): Wood Group is a global energy and materials engineering consultancy with significant Caspian operations and a brownfield engineering JV partner of Nobel Oil Services in Azerbaijan. It offers a broader engineering and asset services portfolio than Nobel but overlaps directly on Caspian brownfield EPCM work.

Emerging players

• Masdar (Abu Dhabi Future Energy Company): Masdar is a global renewables developer with active solar project investments across the Caucasus and Central Asia. It is comparable as an emerging competitor for Nobel/Enerso's solar pipeline in Azerbaijan and represents both a potential partner and competitor in regional renewable build-out.

Regional players

• GAMA Industry: GAMA Industry is a Turkish industrial EPC contractor (ProkonGama JV partner of Nobel's PROKON subsidiary). It is comparable as a regional peer providing industrial construction services across refineries, petrochemicals, and power plants in Turkey, the Caspian, and the Middle East.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC1etx6w5EvUAPUUO2wz92Ig
• Facebookfacebook.com/NobelEnergyGroup
• LinkedInlinkedin.com/company/10819883/admin

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

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 Nobel Energy