Serinco Drilling

What Serinco Drilling does

Serinco Drilling S.A. is a privately held Colombian engineering services company founded circa 1993, providing drilling, well completion, recompletion, maintenance, and abandonment services to upstream oil and gas operators across Colombia. The company operates as a 100% Colombian-capital enterprise, headquartered in Tocancipá (Cundinamarca) with field operations in Santander (Barrancabermeja), Putumayo (Puerto Asís), and Casanare (Yopal). Its commercial model is enterprise B2B: contracts are secured through competitive bidding and direct negotiation with named operators Ecopetrol, Canacol Energy, and Amerisur, with services delivered directly to customer-operated fields using company-owned equipment and personnel.

The company's core technical asset is a modern fleet of 13+ drilling and workover rigs spanning 350HP to 1200HP (Rig D1 through D17 plus the Rig D17 RSU Rapid Service Unit), complemented by owned transportation (cranes 28–90 tons, oversized cargo), yellow machinery, tool rental, and equipment-administration services. Notable units include the high-capacity Rig D10 (1200HP, dual Caterpillar C18, Tesco top drive) for deep drilling and the Rig D17 RSU, manufactured in 2021 under API 4F standard for fast-mobilization workover and abandonment work. The fleet is backed by an integrated HSEQ certification stack (ISO 9001, ISO 14001, ISO 45001:2018, NORSOK, RUC, OSHAS 18001, API 4F).

Serinco generates revenue through four primary streams: day-rate-style drilling and workover services (core), equipment and tool rental, transportation and heavy-machinery rental, and third-party equipment administration/advisory. Pricing is project-based with no public disclosure of rates. The company maintains a modest social media presence (LinkedIn, Facebook, Instagram) but relies predominantly on direct enterprise relationships and competitive bidding rather than broad marketing. It is privately held with no disclosed institutional investors, no public debt or equity issuance, and no M&A activity on record.

Name

Serinco Drilling

Legal name

SERINCO DRILLING S.A.

Website

https://serincodrilling.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Serinco Drilling is a privately held Colombian oilfield services company providing drilling, workover, completion, and well abandonment services to upstream oil and gas operators across Colombia using a fleet of 13+ owned rigs.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

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

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

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

akta.pro secondary industry

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC)

Keywords

• Oilfield services
• Drilling services
• Workover operations
• Well maintenance
• Rig fleet services

Headquarters

HQ city

Zipaquirá

HQ country

Colombia

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Drilling and Workover Services: Core revenue stream from providing drilling, completion, recompletion, and maintenance services for oil and gas wells using company-owned equipment and personnel
2. Transportation and Equipment Rental: Revenue from rental of cranes (28-90 tons), trucks, machinery, and oversized cargo transportation services across Colombia
3. Tool Rental: Rental of petroleum tools and equipment to oil and gas operators
4. Equipment Administration Services: Advisory, operation, and administration services for drilling and workover equipment owned by operating companies

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Serinco Drilling is a Colombian engineering services company providing drilling, completion, recompletion, maintenance, and abandonment services for oil and gas wells. The company operates a fleet of 13+ drilling and workover rigs (D1 through D17) ranging from 350HP to 1200HP, complemented by transportation, equipment rental, tool rental, and personnel supply services for oil and gas operators across Colombia.

Product overview

Serinco Drilling S.A. is a 100% Colombian engineering company with over 31 years of experience providing petroleum and gas well drilling, completion, reconditioning, and maintenance services. The company operates a modern fleet of drilling and workover rigs (D1 through D17) across Colombia, complemented by an RSU (Rapid Service Unit) for mobile well servicing. Service offerings include drilling and workover services, transportation/logistics, equipment administration, tool rental, and personnel supply. The rig fleet ranges from 350 HP to 1200 HP capacity units, with tower heights from 96ft to 125ft, powered by Caterpillar, Detroit, and other major engine manufacturers. The company serves major clients including Ecopetrol, Canacol Energy, and Amerisur in various Colombian regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Drilling and Workover Services Integrated engineering services for drilling, completion, well maintenance, and abandonment operations using company-owned modern drilling rigs. Delivered to upstream oil and gas operators across Colombia.
• Rig D17 RSU (Rapid Service Unit) Mobile rapid service unit for well servicing operations, manufactured in 2021 under API 4F standard by DFXK Petroleum. Features 385 HP power, 72 FT tower with 198,416 lbs capacity, Caterpillar C11 engine with Allison 4500 OFS transmission, HTB 200 mud pump with 5,000 PSI maximum pressure.
• Transportation Services Oversized cargo transportation, crane rental (28-90 tons), pickup truck rental, tractor-trailer rental, yellow machinery rental (loaders, bulldozers), crane arm rental, and overdimensional load mobilization throughout Colombia.
• Equipment Administration Consulting, operation, and administration of drilling, completion, well reconditioning, maintenance, and abandonment equipment for oil operators across Colombia.
• Tool Rental Rental of petroleum tools and equipment for drilling and well servicing operations.
• Personnel Supply Supply of qualified personnel for petroleum drilling and workover operations.

Quantifiable outcome

• 31 years of continuous operations in Colombian oil and gas sector
• +1 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Weatherford International: Oilfield services and equipment provider offering drilling tools, completions, and well construction solutions. Comparable in well construction and workover tool/equipment offerings to Serinco's drilling and tool rental services.
• Halliburton: Global oilfield services major with strong Latin American presence across drilling, completions, and well intervention. Competes with Serinco for drilling and workover contracts from the same operator customers.
• TechnipFMC: Engineering, construction, and subsea services provider to the oil and gas industry with a Colombian subsidiary (Tipiel) that competes for engineering and well construction work in country.
• Baker Hughes: Global oilfield services and industrial energy technology company with operations across drilling, completions, and production. Provides competing well construction and intervention services to the same E&P customer base as Serinco.
• SLB (Schlumberger): World's largest diversified oilfield services company, providing drilling, completions, production, and digital services. Overlaps Serinco in drilling and well services but at vastly broader scope and scale.
• Saipem: Italy-based oilfield services and engineering company with drilling and well services capabilities. Comparable in delivering integrated drilling and engineering solutions to national oil companies and large E&Ps.

Direct peers

• Precision Drilling: Canadian-headquartered drilling and well servicing contractor with international operations. Comparable rig-based service model and customer base of upstream operators across multiple geographies.
• Nabors Industries: Global land drilling contractor and well services provider with operations across the Americas, Middle East, and Africa. Closely aligned business model of contract drilling rig day-rates supplemented by downhole and workover services.
• Helmerich & Payne: US-based land drilling contractor operating a large global rig fleet under multi-year contracts with E&P operators. Closely comparable business model to Serinco — land-focused drilling services sold under contract to majors and large independents.
• Patterson-UTI Energy: North American land drilling and pressure pumping contractor serving E&P operators with contract-based rig services. Directly comparable as a contract drilling company monetizing rig days across multiple basins.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Oficialserincodrilling
• LinkedInlinkedin.com/company/serinco-drilling-s-a
• Instagraminstagram.com/serincodrillingsa

Compliance6 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 Serinco Drilling