DrillTec

Name

DrillTec

Legal name

DrillTec GUT GmbH Großbohr- und Umwelttechnik

Website

https://drilltec.de

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Oil, Gas & Geothermal Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112), Oil and Gas Pipeline and Related Structures Construction (237120)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

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

akta.pro secondary industries

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Cable Installation & Construction Services (trenching, duct banks, HDD, pulling, cable laying) (EUADADAI)

Keywords

• Deep drilling services
• Geothermal drilling
• Oil and gas drilling
• Horizontal directional drilling
• Workover services

Headquarters

HQ city

Deggendorf

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Deep Drilling Services: Contract drilling services for oil, gas, and geothermal wells. Revenue generated through project-based contracts involving exploration, drilling, workover, and abandonment services.
2. Engineering Services: Planning, studies, local authority procedures, personnel recruiting, drilling documentation, and entire project management (EPC) services.
3. Workover and Abandonment Services: Difficult workover and well abandonment services for existing oil and gas fields.
4. HDD (Horizontal Directional Drilling): Trenchless pipe installation services including major crossings such as the 3,060m Qeshm Island HDD project and Pipeline-Link Mittelplate in the North Sea.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

DrillTec GUT GmbH Großbohr- und Umwelttechnik is a drilling contractor providing deep drilling services for hydrocarbon exploration, geothermal resource development, well workover and abandonment, and trenchless pipeline installation (HDD). The company operates proprietary VDD-series drilling rigs (VDD 370, VDD 200, VDD 120-E) equipped with automated pipehandling, hydraulic top drives, and skidding systems, and delivers end-to-end project execution from engineering and planning through drilling and project management for energy and utility clients worldwide.

Product overview

DrillTec GUT GmbH Großbohr- und Umwelttechnik is a drilling contractor offering specialized deep drilling and workover services for the oil, gas, and geothermal industries. The product portfolio consists of core service offerings including deep drilling operations (Tiefbohrungen) and quality/safety/health/environment management (QSGU), supported by a family of proprietary drilling rigs: the VDD 370 (5,000 m depth), VDD 200 (3,500 m depth), and VDD 120-E (1,600 m depth). The drilling rigs are compact, modular, and feature automated pipehandling systems and hydraulic top drives. The company provides engineering, drilling execution, and project management services from initial planning through to well completion and abandonment.

Differentiator

Problem solved

Functional benefit

Products and services

• Tiefbohrungen (Deep Drilling Services) Contract deep drilling services for hydrocarbon exploration, geothermal resource development, gas storage wells, well workover, well abandonment, and trenchless pipeline installation. Delivered to E&P companies and energy utilities worldwide.
• Workover and Abandonment Services Difficult workover services for existing oil and gas wells, well repair operations, and well abandonment (including re-abandonment) services for E&P companies.
• Engineering and Project Management Services End-to-end project services including drilling planning, studies, local authority procedures, personnel recruiting, drilling documentation, and complete project management (EPC-style delivery) from engineering through drilling execution.
• Horizontal Directional Drilling (HDD) Trenchless pipe installation services using horizontal directional drilling for major crossings, including environmentally sensitive routes and large-diameter pipeline installations.
• VDD 370 Drilling Rig Heavy-duty drilling rig with hook load of 3,700 kN and drilling depth capacity of 5,000 m, equipped with automated pipehandling system and hydraulic top drive, certified to IEC 62443-2-4 for industrial control systems.
• VDD 200 Compact Drilling Rig Compact drilling rig with hook load of 1,800 kN and drilling depth capacity of 3,500 m, designed for high mobility, optimal transport, and modular assembly in space-constrained locations.
• VDD 120-E Electric Drilling Rig Entry-level electric drilling rig with 120 metric tonne hook load, drilling depth of approximately 1,600 m (workover depth approximately 3,000 m), and a compact footprint of 22 m x 35 m that adjusts to smaller sites.
• QSGU (Quality, Safety, Health, Environment) Management Integrated management system covering quality (ISO 9001), environment (ISO 14001), occupational health and safety (ISO 45001, SCCP), and energy management (ISO 50001) embedded in all drilling operations.

Quantifiable outcome

• Skidding system enables rig relocation within approximately 8 hours between wells
• +2 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

One partnership is on record.

• STREICHER GroupcoreStrategic or Co-development PartnerParent company and group affiliation. DrillTec is part of the STREICHER Group which maintains an Integrated Management System (IMS) covering health, safety, environmental, and quality management. STREICHER Group provides shared services, brand identity, and corporate infrastructure including career portal (www.streicher-perspektiven.de).

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• KCA Deutag: One of the world's largest land and offshore drilling contractors with a substantial European land rig fleet. Directly comparable to DrillTec in terms of service offering (deep drilling, workover, geothermal) and customer base (European E&P operators and utilities), but at materially greater scale.
• Helmerich & Payne International Drilling Co. Global land drilling contractor operating one of the largest land rig fleets in the world, with deep drilling and automated pipehandling rigs. Comparable to DrillTec in core service line (deep land drilling with automated systems) but at vastly larger scale and US-centric footprint.
• Nabors Industries: Major global drilling contractor with extensive land rig fleet and growing geothermal and energy transition offerings. Comparable to DrillTec in deep land drilling capability and in the strategic push into geothermal, though at much larger scale and broader geographic exposure.
• Wintershall Dea (drilling services arm): Major European E&P operator that outsources significant drilling and workover activity to contractors including DrillTec. Comparable as a customer/competitor dynamic — Wintershall Dea's drilling spend represents the same addressable market DrillTec targets, and its operated wells in Germany, Netherlands, and Norway overlap with DrillTec's operating geographies.

Direct peers

• Daldrup & Söhne AG: German-based drilling services company specializing in geothermal drilling, deep drilling for oil/gas, and well construction. Closest geographic and service-line peer to DrillTec — both serve the European geothermal market with similar rig classes and overlapping customers in Germany and the Netherlands.
• RED Drilling & Services GmbH: Austrian-headquartered drilling contractor active in geothermal, oil & gas, and underground gas storage drilling across Central Europe. Directly comparable service mix and customer base to DrillTec, particularly in German-speaking and Central European markets.

Others

• Streicher Drilling Technology (parent group affiliate): Sister company within STREICHER Gruppe focused on drilling technology / rig systems. Shares brand, infrastructure, and likely R&D with DrillTec, and is mentioned alongside DrillTec at industry events such as GeoTHERM. Provides enabling rig technology rather than directly competing for drilling contracts.
• Vermilion Energy: European-focused E&P operator with active workover and abandonment programs in France, Netherlands, and Germany — geographies where DrillTec provides well services. Comparable as an addressable customer for DrillTec's workover and abandonment service line.

Regional players

• Source Rock Energy Services (now part of Horizon Drilling): Canadian land drilling contractor with European-style compact rig design expertise. Comparable in offering slim-hole / compact deep drilling rigs but primarily serves North American oil & gas markets rather than competing with DrillTec in Europe.

Emerging players

• Eavor Technologies Inc. Canadian closed-loop geothermal developer that requires deep drilling services for its commercial projects. Indirect comparable — not a drilling contractor, but a customer/ecosystem peer for DrillTec's geothermal drilling business as the European closed-loop geothermal industry develops.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCzh9xLEBUDw0YwSKNho6Qiw
• LinkedInlinkedin.com/company/drilltec-gut-gmbh-gro%C3%9Fbohr-und-umwelttechnik

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 DrillTec