H2Oil
H2Oil Group is a London-based, privately-held oilfield services and engineering consulting firm serving upstream oil and gas operators across Europe, the Middle East, Asia, and Australia. It provides integrated well services including testing, completions, coil tubing, stimulation, and reservoir engineering, and holds a 50% interest in a Romanian gas-producing asset.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
H2Oil firmographics
Firmographics- Name
- H2Oil
- Legal name
- H2Oil Group
- Website
- https://h2oil.co.uk
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- H2Oil Group is a London-based, privately-held oilfield services and engineering consulting firm serving upstream oil and gas operators across Europe, the Middle East, Asia, and Australia. It provides integrated well services including testing, completions, coil tubing, stimulation, and reservoir engineering, and holds a 50% interest in a Romanian gas-producing asset.
- Ownership category
- akta.pro rank
H2Oil industry classification
Industry- Product category
- Upstream Oil and Gas Well Services
- NAICS
- Support Activities for Oil and Gas Operations (213112), Support Activities for Mining (21311), Drilling Oil and Gas Wells (213111)
- SIC
- Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Drilling Oil & Gas Wells (1381)
- akta.pro primary industry
- OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)
- akta.pro secondary industries
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Well Intervention, Workover & Integrity Management (EUALAAAJ), Oil & Gas / Energy Field Services Staffing (BPACAEAF)
Keywords
Where H2Oil is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
H2Oil business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Well Services and Engineering: Project-based professional services revenue from delivering specialized upstream oil and gas services including well testing, coil tubing, nitrogen pumping, completions, stimulation, and production optimization. Revenue is generated through service contracts, day rates for personnel provision, and custom engineering projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
H2Oil product offering
Product offeringCore offering
H2Oil Group delivers specialized upstream oil and gas well services to enterprise operators across Europe, the Middle East, Asia, and Australia. Its integrated portfolio covers well testing, completions, coil tubing, well intervention (slickline and workover), stimulation (acidizing and fracturing), nitrogen pumping, reservoir engineering, well site supervision, and provision of experienced wellsite supervisors, subsurface engineers, and field engineers. Services are executed by in-house field teams backed by real-time data analytics and custom engineering solutions, and the company also holds a 50% interest in the EIV-1 gas-producing licence in Romania.
Product overview
H2Oil is a petroleum exploration and development company offering a comprehensive suite of upstream well services. The company operates a single integrated service portfolio rather than a modular platform architecture. Core offerings include Well Testing, Coil Tubing, Completions, Well Intervention, Stimulation, Reservoir Engineering, Well Site Supervision, and Staffing Services. These services are designed to work synergistically across the well lifecycle - from well intervention and well testing through completions and production optimization. H2Oil also holds a 50% economic interest in the EIV-1 gas asset in Romania, leveraging their engineering expertise to maximize field performance. The company serves clients across Europe, the Middle East, Asia, and Australia with independent, technology-neutral solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Well Testing Integrated well testing services delivered for upstream oil and gas operators, providing accurate flow data and dynamic well insights for optimal production control, including individual zone testing and reservoir data acquisition.
- Completions Integrated completion design and execution engineered for performance, reliability, and longevity of oil and gas wells.
- Well Intervention Expert slickline, workover, and coil tubing solutions to restore wells to peak productivity for upstream operators.
- Stimulation Custom acidizing and fracturing programs designed to boost flow and optimize reservoir response, including nitrogen pumping services.
- Well Site Supervision On-site leadership service ensuring safety, compliance, and flawless execution of well operations from rig-up to rig-down.
- Reservoir Engineering Engineering service that transforms subsurface complexity into clear production strategy and reservoir performance optimization, including performance matching with nearby well data.
- Custom Engineering Solutions Tailored engineering systems for real-time monitoring and optimization designed to maximize well productivity, with bespoke fluid design and completion engineering.
- Staffing Services Provision of experienced wellsite supervisors, subsurface engineers, and field engineers delivering safe, efficient results across Europe, the Middle East, and Asia.
Quantifiable outcome
- 30%+ production increase with reduced water inflow
- +1 more outcomes
Companies that use H2Oil
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
H2Oil technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
H2Oil partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Network of Strategic PartnersminorH2Oil operates through a network of strategic partners that enables global mobilization of equipment and expert crews. This partner network allows the company to deliver services seamlessly across Europe, Middle East, Asia, and Australia, even though H2Oil maintains a lean organizational structure. Partners can supply equipment and personnel as needed for project execution.
Scale indicators4 records
Recent moves4 records
Expansion highlights4 records
H2Oil competitors and assessment
Company assessmentDirect peers
- Altus Intervention: Provider of well intervention and production optimization services for oil and gas operators globally. Directly comparable to H2Oil in coiled tubing, well stimulation, and production enhancement services, especially in North Sea and European markets.
- STEP Energy Services: North American-based oilfield services company offering coiled tubing, stimulation, and production services. Comparable to H2Oil's well services portfolio (coil tubing, stimulation, nitrogen pumping), though primarily focused on the Canadian and US markets.
- Expro Group: Global OFS provider specializing in well testing, completions, and production services with a similar technology-led positioning to H2Oil. Both target upstream operators with integrated well intervention and testing offerings, though Expro operates at significantly larger scale.
- Helix Energy Solutions Group: Provider of well intervention and robotics-based offshore services to oil and gas operators. Overlaps with H2Oil's well intervention, coiled tubing, and production optimization offerings, particularly for mature and complex wells.
- Welltec: Specializes in well intervention, completion, and conveyance technologies for the upstream oil and gas sector. Comparable to H2Oil's well intervention and completion services, with similar emphasis on advanced engineering and technology-driven solutions.
- Archer Limited: Oilfield services company delivering well services, platform drilling, and integrated operations for upstream operators. Comparable to H2Oil across well intervention and production optimization, with overlap in coil tubing and well testing services.
Broad incumbents
- SLB (Schlumberger): World's largest OFS company offering a full suite of well testing, completions, stimulation, and production services. Overlaps with H2Oil's entire service portfolio but operates at vastly greater scale and geographic reach.
- Halliburton: Global OFS major with leading positions in completions, stimulation, and well intervention. Competes with H2Oil in coil tubing, stimulation, and well testing, though at significantly larger scale with broader service depth.
Emerging players
- Frontier Wellhead and Christmas Tree Equipment: Independent OFS provider of wellhead equipment and field services. Overlaps partially with H2Oil's completions and wellsite supervision offerings, though more focused on equipment supply than integrated services.
- Calfrac Well Services: Provider of specialized well services including coiled tubing, fracturing, and cementing for upstream operators. Comparable to H2Oil's stimulation and coiled tubing services, with overlap in pressure pumping operations.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
H2Oil social profiles
Digital presenceH2Oil compliance and trust
Trust signalCompliance3 records
H2Oil financial estimates
Financial estimateRevenue estimate
Valuation estimate
H2Oil leadership team
Management profileNumber of profiles
Profiles3 records
H2Oil funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
H2Oil M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about H2Oil
What does H2Oil do?
H2Oil Group delivers specialized upstream oil and gas well services to enterprise operators across Europe, the Middle East, Asia, and Australia. Its integrated portfolio covers well testing, completions, coil tubing, well intervention (slickline and workover), stimulation (acidizing and fracturing), nitrogen pumping, reservoir engineering, well site supervision, and provision of experienced wellsite supervisors, subsurface engineers, and field engineers. Services are executed by in-house field teams backed by real-time data analytics and custom engineering solutions, and the company also holds a 50% interest in the EIV-1 gas-producing licence in Romania.
Is H2Oil a public or private company?
H2Oil is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was H2Oil founded?
H2Oil was founded in 2009. It employs 11 to 50 people.
Where is H2Oil based?
H2Oil is headquartered in London, United Kingdom, in the Europe region.
How does H2Oil make money?
One revenue line is on record: well Services and Engineering.
Who are H2Oil's main competitors?
Direct peers on record are Altus Intervention, STEP Energy Services, Expro Group, Helix Energy Solutions Group, Welltec and Archer Limited. Broad incumbents are SLB (Schlumberger) and Halliburton. Emerging players are Frontier Wellhead and Christmas Tree Equipment and Calfrac Well Services.
Does H2Oil have an API?
No public API is recorded for H2Oil.
What industry is H2Oil in?
H2Oil's product category is Upstream Oil and Gas Well Services. Its primary akta.pro industry code is EUALABAM, OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance), with a secondary code of EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 213112 and its SIC code is 1389.