What RED Drilling & Services does

RED Drilling & Services GmbH is an Austrian drilling services contractor founded on 1 January 2014 by RAG Austria AG and acquired by UOS Group S.A. (via UOS Drilling SA) in July 2019. The company provides end-to-end deep drilling services for oil and gas exploration, underground gas storage, and geothermal energy projects, serving enterprise clients across Austria, Germany, and Romania. Its service portfolio spans drilling rig operations, workover and well intervention, well engineering, hydrogeology and geothermal studies, well services (wireline, slickline, completions), surface engineering, and HSEQ compliance support.

RED owns and operates two sister Bentec EURO RIG 250 drilling rigs (E200 and E202) rated to 300 metric tonnes hookload and capable of drilling to 5,500 metres depth, plus workover rigs (W101/W102). Underlying technology includes an in-house developed process control system with WITSML integration for real-time drilling data transfer, a proprietary K2CO3 mud circulation system with automated solids control, hybrid CNG/diesel modular generator power supply, and Landmark-based drilling engineering software. Two dedicated in-house drilling crews, five Company Men with ~100 years combined experience, dedicated drilling fluids engineers, and in-house mechanical/electrical maintenance and engineering teams support operations from a Gampern headquarters, with procurement in Vienna and an equipment store in Pettenbach.

RED generates revenue through enterprise project-based contracts (turnkey drilling at fixed price, rig rental with full crew, well services packages, and surface engineering general contractor work) won via competitive tendering and direct negotiation. Customers are energy sector enterprises — primarily RAG Austria AG, Austrian and Bavarian gas storage operators, geothermal developers, and spa operators leveraging thermal wells. The company holds SCC**, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, and is a member of the Austrian Petroleum Industry Association (FVEK) and BVEG.

Name

RED Drilling & Services

Legal name

RED Drilling & Services GmbH

Website

https://red-drilling-services.at

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

RED Drilling & Services is an Austrian drilling contractor that provides turnkey deep drilling, workover, well services, and surface engineering for oil and gas operators, gas storage companies, and geothermal developers across Central Europe, operating two Bentec rigs rated to 5,500m depth.

Ownership category

akta.pro rank

Product category

Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

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 industries

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC)

Keywords

• Deep drilling services
• Workover operations
• Well engineering
• Geothermal drilling
• Surface engineering

Headquarters

HQ city

Gampern

HQ country

Austria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Drilling & Workover Rig Rental and Operations: RED owns two fully equipped Bentec drilling rigs (E200 and E202) rated up to 300 metric tonnes hookload and capable of drilling to 5,500m depth. These rigs are rented out to customers for drilling projects, including full drill crew complement covering 24 hours, operations supervision by experienced Company Men, and dedicated Drilling Fluids Engineers. Workover services cover completion installation, re-completion, well intervention, and plug and abandonment.
2. Well Services: Technical and commercial delivery of full well services packages covering design, planning, wireline, slickline, and completions engineering. Services include production logging (PLT), pressure and temperature measurements, downhole HD video inspection, gyro orientation, cement bond logging, hydraulic pull/punch winch operations, and completion installation.
3. Surface Engineering: General contractor services for entire surface engineering projects including design and construction of gas-fired and combined heat and power plants, test and industrial facilities (oil, gas, geothermal), pipeline and infrastructure construction, automation and instrumentation, commissioning and documentation, and facility abandonment. RED has engineered, built and commissioned over 130 drilling sites, 30 test installations, 100 surface facilities, 130 pipeline projects, and 30 production and storage stations over the last ten years.
4. Hydrogeology & Geothermal Services: Hydrogeological project processing including geothermal feasibility studies, hydraulic stimulation planning, hydraulic circulation tests, numerical reservoir simulations, and authority support for mining and water law applications.
5. Well Engineering: Engineering services covering drilling engineering (using Landmark software), project management (partial or full), drilling optimization, rigsite engineering, and engineering workshops. RED also undertakes turnkey drilling projects at fixed price covering concept stage through well completion and production system construction.
6. HSEQ Compliance Services: In-house HSEQ experts provide compliance services for oil & gas and geothermal drilling projects, including rig acceptance inspections, bridging documents, HSEQ management system advisory, blowout prevention plans, waste recycling/disposal concepts, emergency response plans, and crisis handbooks.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

RED Drilling & Services is an Austrian drilling contractor that provides deep-well drilling, workover, and surface-engineering services to upstream energy operators. The company deploys two high-spec Bentec drilling rigs (E200 and E202), capable of drilling to depths of up to 5,500 meters, alongside dedicated workover rigs (W101/W102), and complements these assets with integrated well engineering, hydrogeology, completions engineering, HSEQ compliance, authority submissions, and tender evaluation services.

Product overview

RED Drilling & Services is an Austrian drilling contractor founded in 2014 (wholly owned by UOS Group since 2019) offering a portfolio of drilling rigs and associated engineering services. The core offerings include E200/E202 Rig System (two Bentec drilling rigs rated 300 metric tonnes, 5,500m depth capability) and Workover Rigs W101/W102 for well intervention. Surface Engineering provides turnkey project delivery for surface facilities, while Well Engineering covers end-to-end drilling services using Landmark software. Hydrogeology supports geothermal projects with feasibility studies and hydraulic testing. Well Services includes completions engineering (using Petrel, Rodstar, Prosper) and measurement/wireline operations. Additional services include Tender Evaluation, Authority Submissions, and HSEQ Compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• E200 / E202 Deep Drilling Rig Services Contracted deep-well drilling services using two Bentec drilling rigs (E200 and E202) capable of drilling wells to depths of up to 5,500 meters, offered to upstream oil & gas, underground gas-storage, and geothermal operators.
• Workover Rig Services (W101 / W102) Contracted workover operations on producing and injecting wells delivered using dedicated workover rigs W101 and W102, provided to upstream oil & gas and gas-storage operators.
• Surface Engineering Engineering services covering the design and execution of surface infrastructure for well projects, delivered to upstream energy operators as a contracted service.
• Well Engineering Integrated well-engineering services covering well planning and execution, delivered to oil & gas, gas-storage, and geothermal clients as a contracted service.
• Hydrogeology Services Hydrogeology services for the planning and execution of water, gas-storage, and geothermal wells, sold as a standalone contracted service to energy and water-resource operators.
• Well Services Operational well-services support across producing and injecting wells, delivered to upstream energy operators as a contracted service.
• Completions Engineering Engineering services covering well completions design and execution, sold as a standalone contracted service to upstream oil & gas, gas-storage, and geothermal clients.
• HSEQ Compliance Services Health, Safety, Environment, and Quality compliance services delivered under certified management systems (SCC**, ISO 45001:2018, ISO 14001:2015, ISO 9001:2015), offered to operators requiring certified HSEQ oversight on drilling and well projects.
• Authority Submissions Regulatory authority-submission services covering permits and notifications required for upstream drilling, workover, and subsurface projects, sold as a contracted service to energy operators.
• Tender Evaluation Bid and tender evaluation services supporting drilling and well-construction project procurement, sold as a standalone contracted service to energy operators and project sponsors.

Quantifiable outcome

• RAG has drilled approximately 1,300 wells totalling about 2.3 million metres over 80+ years of operations
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Parker Drilling Company: Parker Drilling is a global drilling services and rig rental provider with land and offshore operations. RED and Parker both provide rig-based drilling services to E&P operators under comparable commercial terms, though Parker operates at much larger scale internationally.
• Daldrup & Söhne AG: Daldrup & Söhne is a German deep drilling contractor specializing in geothermal, oil & gas, and CO2 storage wells across Central Europe. RED and Daldrup compete directly for deep drilling tenders in the DACH region and share a focus on geothermal development.
• KCA Deutag: KCA Deutag is a leading global onshore and offshore drilling contractor headquartered in Aberdeen with major European land rig operations. RED and KCA Deutag both operate land drilling rigs for oil & gas operators under turnkey and day-rate contracts, directly competing for European tenders.

Broad incumbents

• Helmerich & Payne (H&P): Helmerich & Payne is the world's largest land drilling contractor with a FlexRig fleet. H&P competes with RED for international drilling tenders at significantly larger scale and primarily serves US unconventional plays, but overlaps in capability and customer base.
• Weatherford International: Weatherford is a global oilfield services provider offering drilling, evaluation, and completions services. RED and Weatherford both serve upstream operators in Europe and overlap in well services and drilling-related offerings, though Weatherford operates at vastly larger scale.
• Nabors Industries: Nabors Industries operates one of the largest land drilling fleets globally and provides drilling solutions, performance software, and technologies. Nabors competes with RED as a global incumbent in drilling services, though focused primarily on North American markets.
• SLB (formerly Schlumberger): SLB is the world's largest oilfield services company offering drilling, completions, and production services globally. SLB overlaps with RED's well services, completions engineering, and drilling optimization offerings as part of a broader portfolio serving oil & gas operators worldwide.

Regional players

• Stena Drilling: Stena Drilling operates harsh-environment offshore drilling rigs serving the North Sea and global markets. While primarily offshore (vs RED's onshore focus), Stena overlaps in drilling capability and competes for operator contracts in the broader European energy services market.

Others

• Bentec GmbH Drilling & Oilfield Systems: Bentec is a German manufacturer of drilling rigs and oilfield equipment whose EURO RIG 250 platform RED operates. Bentec functions as both a key supplier to RED (rig equipment) and an indirect peer in the deep drilling ecosystem serving Central European operators.

Emerging players

• Expro Group: Expro Group is an energy services provider specializing in well flow management, intervention, and completions. RED and Expro both deliver well intervention, wireline, and production services to operators, though Expro focuses on offshore and unconventional markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/REDDrillingServices
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/red-drilling-services
• Instagraminstagram.com/reddillingservices

Compliance4 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 RED Drilling & Services