What Geotec does

Geotec Boyles Bros S.A. is a Chilean mining drilling services contractor that has operated continuously since 1974, providing subsurface sampling, water-well construction, and specialized drilling services to enterprise mining and energy clients across Latin America. The company's core operations center on diamond core drilling (surface, underground, and helicopter-transportable), reverse circulation drilling, geotechnical drilling, horizontal drains, water and brine well services (drilling, habilitation, rehabilitation, pumping), geothermal well drilling, and methane gas production well drilling. Geotec operates from its headquarters in Quilicura, Chile, and maintains field operations in Peru, Mexico, and Ecuador, with stated capability to serve all of Latin America.

Geotec's equipment fleet is sourced from leading original equipment manufacturers (Epiroc, Sandvik, Schramm, Foremost, Mining Parts) and spans diamond rigs (CS 3001, CT 20, DE 710, DIAMEC U-8, DG-1500), reverse circulation rigs (G95K), water-well rigs (SCHRAMM T685WS, T-130, FOREMOST DR24HD), horizontal drain rigs (EDM HXR-40), and pump-lift equipment (SEMCO). The company has developed proprietary in-house engineering including an Automatic Bar Manipulator that enables 100% hands-free rod handling and a containerized Mud Plant with 8-minute remote-controlled self-installation. The company maintains ISO 9001, ISO 14001, and ISO 45001 certifications under an integrated SER management system.

Geotec generates revenue through project-based professional services contracts with enterprise mining operators, with pricing on a quote basis typical of the drilling industry. The company is part of the Boytec group of companies and is affiliated with North American firm Granite. Notable customers include Escondida, Collahuasi, and Quebrada Blanca — three of the largest copper operations in the world — alongside secondary segments in water-well operations and geothermal energy. Distribution is direct enterprise sales with services delivered on-site at client mining locations. The company employs between 251 and 500 people and operates as a Sociedad Anónima under Chilean corporate law.

Name

Geotec

Legal name

Geotec Boyles Bros S.A.

Website

https://geotec.cl

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

251–500 employees

Short description

Geotec Boyles Bros S.A. is a Chilean mining drilling services contractor, operating since 1974 across Chile, Peru, Mexico, and Ecuador, providing diamond drilling, reverse circulation, water-well, geothermal, and specialized drilling services to enterprise mining clients including Escondida, Collahuasi, and Quebrada Blanca.

Ownership category

akta.pro rank

Product category

Mining Drilling Services

NAICS

Support Activities for Mining (213), Support Activities for Metal Mining (213114), Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Geothermal Drilling & Well Construction (Production/Injection, Directional, Well Services) (EUAMAEAB), Geothermal Resource Exploration & Assessment (Geology, Geophysics, Geochemistry) (EUAMAEAA)

Keywords

• Mining drilling services
• Diamond core drilling
• Reverse circulation drilling
• Water well drilling
• Geotechnical drilling

Headquarters

HQ city

Quilicura

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Mining Drilling Services: Core revenue from providing comprehensive drilling services to mining companies including diamond drilling (surface and underground), helicopter-transportable diamond drilling, reverse circulation drilling, geotechnical drilling, horizontal drains, and related services. Services are project-based with contracts for specific drilling operations.
2. Water Well Services: Drilling, habilitation, rehabilitation and pumping of water/brine wells. Full maintenance of water well fields including permeability testing, water well video inspection, and earthwork.
3. Specialized Drilling Services: Geothermal well drilling and habilitation, methane gas production well drilling and habilitation, well trajectory measurement services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Geotec is a mining drilling services company that provides specialized drilling services to the mining sector, including diamond core drilling, reverse circulation drilling, water well drilling, and related drilling support services. The company operates its own fleet of drilling equipment and serves clients across Chile, Peru, Mexico, and Ecuador.

Product overview

Geotec Boyles Bros S.A. is a mining drilling services company operating since 1974, providing a comprehensive portfolio of drilling equipment and services across Latin America. The product portfolio consists of five main equipment families: Equipos Diamantinos (diamond drilling with EPIROC and SANDVIK brands including CS 3001, CT 20, DE 710, DIAMEC U-8, and DG-1500 models), Equipos Aire Reverso (reverse air circulation systems like G95K), Equipos Pozos de Agua (water well equipment including SCHRAMM T685WS, SCHRAMM T-130, and FOREMOST DR24HD), Drenes Horizontales (horizontal drains like EDM HXR-40), and Equipos Levante Bomba (pump lift equipment). These are complemented by technology add-ons including the Manipulador de Barras Automático (automatic bar handler) and Planta de Lodos (mud plant), plus the integrated Sistema de Gestión SER for quality, environmental, and safety management. The company also offers comprehensive drilling services including diamond, reverse circulation, geotechnical, water well, geothermal, and methane gas drilling services.

Differentiator

Problem solved

Functional benefit

Products and services

• Diamond Core Drilling Specialized diamond core drilling services for mineral exploration and resource definition in mining operations.
• Reverse Circulation Drilling Reverse circulation drilling services for mining exploration and grade control applications.
• Water Well Drilling Water well drilling services to provide water supply for mining operations and other industrial uses.
• Drilling Support Services Supporting services for drilling operations including mud plant operations and use of specialized tools such as automatic bar manipulators

Quantifiable outcome

• Bar change speed exceeds human capability with automatic manipulator system
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• GranitecoreOthersGeotec Boyles Bros. S.A. is associated with the North American company Granite, forming part of the Boytec group of companies. This affiliation provides international backing and connections to the North American mining services market.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Major Drilling Group International: Largest pure-play mining drilling services contractor globally, offering diamond, reverse circulation, and related drilling services to major mining clients. Directly comparable to Geotec in core drilling service offerings, customer base of mining majors, and equipment fleet composition.
• Boart Longyear: Global provider of drilling services and drilling products for the mining industry, with diamond core, reverse circulation, and surface/underground drilling operations. Highly comparable to Geotec in service lines, target customers, and equipment-based service model.
• Orbit Garant Drilling: Canadian-based drilling services contractor specializing in underground and surface diamond drilling for mining exploration. Comparable to Geotec's diamond core drilling focus and exposure to mining exploration cycles.
• Layne (a Granite Company): Water well and mineral drilling services provider in the Americas, affiliated with Granite Construction — the same North American company associated with Geotec through the Boytec group. Highly comparable water-well drilling service line.

Others

• Schramm: Manufacturer of water well and geothermal drilling rigs — a key OEM supplier to Geotec's water well fleet (T685WS, T-130). Comparable as a technology provider and adjacent participant in the same drilling services value chain.
• Foremost Industries: Canadian manufacturer of rotary and water well drilling rigs, supplier of the FOREMOST DR24HD to Geotec. Comparable as a key equipment OEM in the same drilling services ecosystem.

Broad incumbents

• Epiroc: Global mining and infrastructure equipment manufacturer that also offers drilling services and automation solutions. Comparable as both an OEM supplier to Geotec and a competitor in drilling services and automation technologies.

Emerging players

• Terradrill: Specialty drilling services firm with offerings across mining, geotechnical, and water well drilling. Comparable emerging peer with overlapping service lines to Geotec's diversified drilling portfolio.

Regional players

• Perforaciones Andinas: Latin American drilling services contractor focused on mining exploration drilling in the Andean region. Comparable regional competitor for exploration drilling contracts.
• AK Drilling: Latin American-focused drilling services provider operating in Chile, Peru, Argentina, and Mexico with diamond and reverse circulation capabilities. Comparable regional competitor for Geotec within the same mining markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• Xtwitter.com/geotec

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Geotec