What Drill Quip does

Drill Quip Pty Ltd is an Australian oilfield equipment and services company headquartered in Somerton Park, Adelaide, with an additional workshop facility in Toowoomba, Queensland. Founded in 2012, the firm specializes in Top Drive sales, rentals, and maintenance, casing running tool (CRT) provision, downhole tool distribution, and qualified drilling personnel services. Its customer base spans oil and gas exploration companies and drilling contractors across Australia, the Middle East, and Southeast Asia, with named engagements covering conventional drilling, directional and extended-reach wells, geothermal operations, coal seam gas, and horizontal directional drilling (HDD) for civil construction.

The product portfolio is anchored by distribution partnerships with three OEMs: Volant Products (casing running tools, mudsaver valves, MLT centralizers, floating sub tools, cement swivel tools, plug launchers), HI-KALIBRE/Stealth Tools (drill stem safety valves, rotary hydraulic actuators, IBOPs, safety swivels), and Wenzel Downhole Tools (Millennium Motors, drilling jars, accelerators, shock tools, bumper subs). Drill Quip also sells proprietary-designed extendable casing links (4 Ton and 6 Ton, conforming to AP18C, PSLI and 7K standards) and offers the Switchfloat float valve system, hydraulic bucking units, derrick camera systems, recertification services, and drilling jar refurbishment. The product surface is supported by four registered patents (Dual Ball Valve, Rotary Hydraulic Actuator, Safety Swivel, Millennium Motor technology) and one pending patent (FST Floating Sub Tool).

The business model combines one-time equipment sales, recurring equipment rentals (Top Drives, CRT), professional services (Top Drive maintenance, Cat 1-4 recertification, NPT preventative maintenance, parts sales, auditing), and personnel services (Oil Company Representatives and experienced rig personnel). Pricing is quote-based and not publicly disclosed, and distribution is direct enterprise field sales from the Adelaide headquarters and Toowoomba workshop. The company employs 11-50 staff organized around three operational directors (Parts/Logistics, Business Development, Operations) plus administrative support.

Name

Drill Quip

Legal name

Drill Quip Pty Ltd

Website

https://drillquip.com.au

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Drill Quip is an Australian oilfield equipment distributor and field-services firm that sells, rents, and maintains Top Drives, casing running tools, downhole motors, and safety valves, primarily sourced through OEM partnerships with Volant, HI-KALIBRE, and Wenzel, serving drilling contractors and oil and gas operators across Australia, the Middle East, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Oilfield Drilling Equipment & Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Oil and Gas Operations (213112), Drilling Oil and Gas Wells (213111)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

Keywords

• Oilfield equipment supply
• Top drive services
• Casing running tools
• Drilling safety valves
• Downhole drilling tools

Headquarters

HQ city

Somerton

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales: Sale of Top Drives, CRT (Casing Running Tools), downhole tools, drilling jars, motors, extendable links, and other oil field equipment
2. Equipment Rentals: Rental of Top Drives, CRT tools, and other drilling equipment on a contract basis
3. Service and Maintenance: Top Drive Maintenance, Recertification (Cat 1, 2, 3, 4), NPT Preventative Maintenance programs, parts sales, and auditing services
4. Personnel Services: Provision of Oil Company Representatives (OCR) and experienced Rig personnel for drilling operations

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Drill Quip distributes and services oilfield drilling equipment in Australia, including Top Drives, Casing Running Tools, drill stem safety valves, downhole motors, drilling jars, and extendable casing links, sourced through partnerships with Volant Products, HI-KALIBRE (Stealth Tools), and Wenzel Downhole Tools. The company runs a recertification workshop in Toowoomba, supplies competitively-priced drilling consumables and parts, and provides 24/7 on-site Top Drive maintenance plus qualified drilling personnel (Oil Company Representatives and rig crews).

Product overview

Drill Quip is an Australian oil field equipment company specializing in providing drilling equipment and personnel services. The product portfolio centers on three main branded product lines: Volant Products (Casing Running Tools, weCATT Torque Subs, Mudsaver valves, MLT Rings, Floating Sub Tools, Cement Swivel Tools, and Plug Launchers), HI-KALIBRE Equipment (Drill Stem Safety Valves, Rotary Hydraulic Actuators, Tubing Safety Valves, IBOP valves, Check Valves, Ball Valves, and Safety Swivels), and Wenzel Down Hole Tools (Millennium Motors, Drilling Jars, Jar Accelerators, Shock Tools, and Bumper Subs). Additional offerings include Top Drive sales and rentals, Switchfloat float valve systems, extendable casing links, hydraulic bucking units, derrick camera systems, and drilling jar refurbishment services. The company also provides 24/7 service support, Top Drive maintenance, driller training, recertification programs, and NPT preventative maintenance.

Differentiator

Problem solved

Functional benefit

Brands

• HI-KALIBRE: Product line for safety valves including Top Drive Drill Stem Safety Valves, Rotary Hydraulic Actuators, Drill Stem Safety Valves, Tubing Safety Valves, Inside Blow Out Prevention, Drop In Retrievable Check Valves, Ball Valves, Check Valves, and Safety Swivel™.
• Wenzel Down Hole Tools

Products and services

• Top Drive Sales & Rentals Top drive mechanical devices providing clockwise torque to the drill string for borehole drilling, available for sale or rental, with associated maintenance and recertification services for onshore and offshore drilling operations.
• Volant Casing Running Tools (CRTi/CRTe) Sales & Rental Internal grip (CRTi) and external grip (CRTe) Casing Running Tools that enable makeup, breakout, reciprocation, rotation, fill-up/circulation, and cementing of casing and liner strings, with associated accessories (torque subs, mudsavers, centralisers, floating subs, cement swivels, plug launchers) to reduce non-productive time during casing running.
• HI-KALIBRE Safety Valve Product Line Branded line of drilling and well-service safety valves distributed by Drill Quip in Australia, including Top Drive Drill Stem Safety Valves, Rotary Hydraulic Actuators, Drill Stem Safety Valves, Tubing Safety Valves, Inside Blow-Out Prevention (IBOP) valves, Drop-In Retrievable Check Valves, Ball Valves, Check Valves, and the patented Safety Swivel. Products feature patented Dual Ball technology for reduced stack heights and are available with API 8C, API 7-1, NACE, DNV and ABS compliance.
• Wenzel Down Hole Tools Product Line Distributed Wenzel product line including Millennium Oil Sealed and Mud Lubricated Drilling Motors, HDD Horizontal Directional Motors, Zero By-Pass Mud Motors, Maxi-Torque Driveline, Ultimate Hydraulic/Mechanical Drilling Jars, Enhanced Hydraulic Mechanical Drilling Jars, Hydraulic Fishing/Drilling Jars, Hydraulic Jar Accelerators, Double Acting Hydraulic Jar Accelerators, Shock Tools, and Bumper Subs, leveraging patented motor and jar designs.
• Extendable Casing Links (4 Ton and 6 Ton) Specially designed extendable casing links conforming to AP18C, PSLI, and 7K standards, with proprietary coating systems; 4 Ton SWL (11'-3" to 18' range) and 6 Ton SWL (15'-6" to 25' range) variants that eliminate the need for pick-up slings and cranes during casing handling.
• Switchfloat Float Valve System Remotely actuated float valve system that provides a clear path through the valve for wireline access without removing float valves from the drill string, eliminating the need to trip pipe for wireline operations.
• Top Drive Maintenance and Recertification Services Recertification, inspection, and preventative maintenance programs for Top Drives and related drilling equipment, including Cat 1, 2, 3, and 4 recertification tiers, NPT reduction programs, parts supply, and equipment auditing for onshore and offshore rigs.
• Drilling Jar Refurbishment Service Complete jar refurbishment service comprising pre-test, disassembly, inspection, repair, reassembly, and post-test with recertification documentation for drilling jars.
• Drilling Personnel Provision (Oil Company Representatives / Rig Crews) Supply of qualified Oil Company Representatives (OCRs) and experienced Rig personnel, including Top Drive Mechanics, to drilling contractors and operators requiring certified crew for onshore and offshore operations.
• Used Oilfield Equipment for Sale (e.g., Tesco Top Drive 500-650 HCI 1205) Pre-owned oilfield drilling equipment resold by Drill Quip, including the Tesco 500-650 HCI 1205 Top Drive, a compact top drive for double and triple masts suited to land-based or offshore medium and deep drilling.

Quantifiable outcome

• Reduced rig equipment running cost through competitively priced parts sales
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Volant ProductscoreChannel Partner/ Reseller/ DistributorVolant Products is a major distribution partner for Drill Quip, supplying CRTi and CRTe Casing Running Tools, MSV Mudsaver Valves, MLT Rings, HydroFORM Centralisers, FST Floating Sub Tools, CST Cement Swivel Tools, and Plug Launchers. Drill Quip serves as authorized distributor/reseller for Volant products in Australia.
• HI-KALIBRE / Stealth ToolscoreChannel Partner/ Reseller/ DistributorHI-KALIBRE (part of Stealth Tools) supplies Drill Stem Safety Valves, Rotary Hydraulic Actuators, Tubing Safety Valves, IBOP valves, and Safety Swivels. Drill Quip distributes HI-KALIBRE products.
• Wenzel Downhole ToolscoreChannel Partner/ Reseller/ DistributorWenzel Downhole Tools supplies Millennium Motors, Drilling Jars, Accelerators, Shock Tools, and Bumper Subs. Drill Quip distributes Wenzel products including patented Millennium Motor technology.
• McCoy GlobalminorOthersMcCoy Global listed as a partner company on Drill Quip website.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Drill Quip