Energy Drilling

What Energy Drilling does

Energy Drilling Management Pte Ltd ("Energy Drilling") is a Singapore-incorporated offshore drilling contractor that designs, builds, and operates a fleet of six self-erecting tender assist drilling rigs serving natural gas exploration and production clients in Southeast Asia. Founded in 2012 by naval architect Marcus Chew, the company developed a next-generation fleet combining high-specification lightweight Drilling Equipment Sets (DES) with upsized deep-draft barges or semi-submersible hulls, enabling operation in shallow to mid-water depths adjacent to fixed wellhead platforms via pre-laid mooring. The fleet spans two self-erecting barge rigs (EDrill-1, EDrill-2), one semi-tender semi-submersible (Guo Hai Tai He / GHTH) designed for severe metocean conditions, a barge rig with 10K dual BOP (Vencedor), and two further tender-assist units (T-15, T-16) acquired from Seadrill in 2023, making Energy Drilling the second-largest tender rig operator globally.

The commercial model is enterprise contract drilling: long-term day-rate agreements (typically 1-5 years plus options) secured through direct enterprise field sales to national oil companies and international oil companies. Anchor clients include PTTEP (operational across EDrill-1, EDrill-2, Vencedor in the Gulf of Thailand and GHTH in the Andaman Sea) and CPOC (T-16 in the Malaysia-Thailand Joint Development Area). Pricing is not publicly disclosed and is negotiated contract-by-contract. Recurring contracted revenue underpins a backlog of $393-466M during 2025-2026.

In June 2023, Pioneer Logistics Holdings provided equity capital to fund a US$85M acquisition of three Seadrill rigs, doubling the fleet and adding a PTTEP contract worth USD 120M+ in backlog. In May 2025, Energy Drilling merged with SeaBird Exploration to form SED Energy Holdings Plc, listed on Euronext Oslo Børs under ticker ENH, creating a diversified offshore services group combining tender drilling and seismic source services. In March 2026, founder Marcus Chew transitioned to Executive Chairman, with Luc Plouzennec (formerly VP Operations & Marketing, with prior Schlumberger/Ensco Asia Pacific experience) appointed CEO as part of planned succession. Energy Drilling continues to operate as a wholly owned subsidiary focused on tender-assist offshore drilling for the Southeast Asian natural gas market.

Name

Energy Drilling

Legal name

Energy Drilling Management Pte Ltd

Website

https://edrill.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Energy Drilling Management Pte Ltd is a Singapore-based offshore drilling contractor operating a six-rig fleet of self-erecting tender assist drilling rigs serving PTTEP, CPOC, and other Southeast Asian oil and gas operators developing natural gas fields in shallow to mid-water depths.

Ownership category

akta.pro rank

NAICS

Drilling Oil and Gas Wells (213111), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

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

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

akta.pro secondary industry

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

Keywords

• Offshore drilling services
• Tender assist drilling
• Rig fleet operations
• Offshore natural gas
• Development drilling

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Offshore Drilling Contract Services: Long-term drilling contracts with major oil and gas companies in Southeast Asia. Revenue generated through day rates for offshore drilling operations. Contracts typically span 1-5 years with options for extension. Firm contract backlog provides revenue visibility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Energy Drilling builds, owns, and operates a fleet of six self-erecting tender assist drilling rigs that provide offshore drilling services to oil and gas exploration and production companies. The rigs — EDrill-1, EDrill-2, Guo Hai Tai He, T-15, T-16, and Vencedor — perform development drilling, batch drilling, and completions adjacent to fixed wellhead platforms and on TLPs/SPARs in shallow to mid-water depths across Southeast Asia.

Product overview

Energy Drilling is a premier provider of tender assist drilling services offering a fleet of six advanced offshore drilling rigs strategically positioned in Southeast Asia. The portfolio includes two self-erecting tender assist rigs (EDrill-1, EDrill-2), one semi-tender assist semi-submersible rig (Guo Hai Tai He), and three purpose-built barge/semi-submersible tender rigs (T-15, T-16, Vencedor). The rigs operate in the Gulf of Thailand, Andaman Sea, and Malaysia-Thailand Joint Development Area, supporting natural gas extraction for clients including PTTEP and CPOC.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Completed 59,539 meters drilled over 271 days with zero LTIs for T-16 JKD campaign
• +3 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, major and supporting.

• SED Energy Holdings PlccoreStrategic or Co-development Partner · 1 May 2025SED Energy Holdings Plc is the parent company of Energy Drilling, created through the May 2025 merger of SeaBird Exploration and Energy Drilling. The company is listed on Euronext Oslo Børs under ticker code ENH. Energy Drilling operates as a wholly owned subsidiary.
• SinoOcean Assets ManagementcoreStrategic or Co-development Partner · 14 March 2024Strategic partnership for deployment of semi-submersible tender rig GHTH (Guo Hai Tai He) for PTTEP International since early 2023. Both parties agreed to work towards greater cooperation in offering more offshore assets to the international market. MOU signed for joint marketing efforts, operational optimization, and technological innovation.
• Seadrill LimitedmajorTechnology or Integration · 28 July 2023Acquired three tender assist rigs (T-15, T-16, and Vencedor) from Seadrill Limited for a combined US$85 million. This acquisition doubled the fleet size and solidified Energy Drilling's position as the second-largest tender rig operator globally.
• COSCO Guangdong ShipyardmajorImplementation/ SI/ Consulting PartnerShipyard in southern China where Energy Drilling's rigs (EDrill-1, EDrill-2, EDrill-3/GHTH) were constructed. Responsible for hull construction, outfitting, commissioning, and integrated acceptance testing.
• SeaTagsupportingStrategic or Co-development PartnerTraining partner providing comprehensive foundation and vocational training pathway for newly assigned crew members, including onshore theory programmes covering Energy Drilling procedures, risk assessment, permit to work, and core safety principles.
• REACH GroupsupportingImplementation/ SI/ Consulting PartnerExternal safety culture coaching and development programmes delivered to GHTH leaders and supervisors, helping strengthen communication, build psychological safety, and move from compliance to genuine engagement.
• Crystal OffshoresupportingImplementation/ SI/ Consulting PartnerShipyard in Singapore where GHTH completed successful maintenance period before departing for Andaman Sea operations with PTTEP International.
• PTTEP InternationalcoreStrategic or Co-development PartnerLong-term client for multiple drilling contracts. Operations for GHTH rig in the Andaman Sea Zawtika Development Project (ZWP). PTTEP represents a significant portion of Energy Drilling's revenue backlog and contract portfolio.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ADES International Holding: Middle East-based offshore drilling contractor focused on jackups and tender-assist rigs, often in the same shallow-water development drilling segment; competes for similar development drilling contracts.
• Seadrill: Major offshore drilling contractor that sold T-15, T-16, and Vencedor to Energy Drilling in 2023; competes in tender rig and broader offshore drilling markets and is a direct comparable for fleet composition and day rate dynamics.
• Borr Drilling: Global jackup and tender rig operator with significant presence in SE Asia; closest direct competitor to Energy Drilling in the tender-assist / shallow-water development drilling niche and similar customer base.
• Shelf Drilling: Jackup-focused offshore drilling company with strong presence in SE Asia, Middle East, and India; competes for shallow-water development drilling work that overlaps with Energy Drilling's core market.

Regional players

• Sapura Energy: Malaysian-headquartered integrated offshore services provider operating tender-assist rigs and offshore support vessels; serves the same SE Asian NOC/IOC customer base as Energy Drilling.

Emerging players

• Vantage Drilling International: Offshore drilling contractor with ultra-deepwater and managed drilling operations; smaller emerging player that provides a relevant reference point for fleet-level economics and M&A activity in the sector.

Broad incumbents

• Stena Drilling: Privately-held offshore drilling contractor operating harsh-environment semis and other units; comparable for fleet utilization and day rate benchmarks, particularly in SE Asia.
• Valaris Limited: Global offshore drilling company operating floaters, jackups, and managed drilling rigs; relevant broad incumbent comparable for fleet-level economics, day rates, and contract structures.
• Transocean: Largest offshore drilling contractor globally, focused on ultra-deepwater and harsh-environment floaters; competes for broader offshore drilling contracts and is a key valuation comparable for the sector.
• Noble Corporation: Global offshore drilling contractor with a diversified fleet of floaters and jackups; broad incumbent serving similar NOC/IOC customers and exposed to similar day rate dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/energy-drilling-pte-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

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 Energy Drilling