Radix Novem Oilfield

What Radix Novem Oilfield does

Radix Novem Oilfield, operating as RadixNovem and headquartered in Doha, Qatar, is a privately held supplier of oilfield equipment and related services to the upstream and midstream oil and gas industry. Its core product lines cover BHA and downhole tools, fishing tools, handling tools, NDT equipment, specialized equipment, and oilfield raw materials, all manufactured in-house to API SPEC, NS-1, and DS-1 standards. The company maintains a network of machine shops capable of producing subs and accessories within 1-2 days and delivering them globally to customer locations within a week through a logistics partner network.

The business operates a hybrid sales-and-rental model: equipment is offered either sold or rented at competitive rates, with both one-time and usage-based revenue streams. Beyond equipment, Radix Novem has expanded into integrated services including Engineering, Procurement, Construction & Commissioning (EPC), civil engineering, MEP building and infrastructure, manpower and crewing solutions, machine shop services, and welding shop services. It serves international drilling contractors, National Oil Companies, oil and gas operators (both onshore and offshore), and Qatar government infrastructure clients.

Its customer base includes major oilfield services firms and operators (Baker Hughes, Halliburton, Shell, Saipem, Siemens Energy, GE, Nakilat, Milaha, Gulf Drilling, Qatar Shell GTL, Mannai) as well as government infrastructure entities (ASHGHAL, Kahramaa). The company is positioned as a regional services and equipment provider with a strong reach across the Middle East, Iraq, Far East, and Africa, though no revenue, headcount, or funding figures are publicly disclosed.

Name

Radix Novem Oilfield

Legal name

Radix Novem

Website

https://radixnovem.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Radix Novem Oilfield is a Doha, Qatar-based privately held supplier of oilfield equipment (downhole, fishing, handling, NDT tools) and related services (EPC, manpower, civil, MEP) to drilling contractors, National Oil Companies, and government infrastructure clients across the Middle East, Iraq, Far East, and Africa.

Ownership category

akta.pro rank

Product category

Oilfield Equipment

NAICS

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

SIC

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

akta.pro primary industry

OCTG, Line Pipe & Tubular Services (Supply, Inspection, Threading) (EUALABAN)

Keywords

• Oilfield equipment supply
• Downhole drilling tools
• Drilling equipment rental
• Oilfield EPC services
• Oilfield raw materials

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Oilfield Equipment Sales: Direct sales of high quality down hole drilling tools and rig consumables to major international drilling contractors and National Oil Companies.
2. Equipment Rental: Offering equipment on sale and rental basis at attractive rates. Includes downhole equipment, tubulars, handling tools and fishing tools.
3. Manpower/HR Solutions: Provision of skilled field service personnel for offshore and onshore requirements, technical personnel for all stages and levels of projects, from planning and construction through to commissioning and hookup.
4. Engineering and Construction Services: Project management, engineering, procurement, construction services including design and build, civil/structural engineering works, MEP building and infrastructure utilities.
5. Machine Shop Services: Manufacturing services including ring joint gaskets, fasteners, gear cutting, milling, and lathe machining for oilfield applications.
6. Welding Shop Services: Welding services including general welding, pipe racks, offshore baskets, hardbanding, and hardfacing.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Radix Novem Oilfield is a global supplier of oilfield equipment ranging from rig consumables to high-quality downhole drilling tools, offered on both sale and rental basis. The company manufactures subs and accessories in API/NS-1/DS-1 compliant materials through its machine shop network with 1-2 day turnaround, and complements equipment supply with EPC services, machine and welding shop services, skilled manpower provision, and civil/MEP infrastructure works.

Product overview

Radix Novem Oilfield is a global supplier of oilfield equipment offering a comprehensive portfolio of products and services. Their core product offerings include BHA & Downhole Tools, Fishing Tools, Handling Tools, NDT Equipment, Specialized Equipment, and Oilfield Raw Materials—all sold and rented to major drilling contractors. Supporting these products are Machine Shop Services and Welding Shop Services for manufacturing and fabrication. Beyond equipment, the company provides integrated EPC services, skilled manpower/HR solutions, civil engineering works, and MEP building services for onshore and offshore oil and gas projects. Equipment is available on both sale and rental basis, with machine shops capable of manufacturing subs and accessories within 1-2 days and global delivery within a week.

Differentiator

Problem solved

Functional benefit

Products and services

• BHA & Downhole Tools Bottom Hole Assembly components including drill pipes, drill collars, stabilizers, pup joints, and related downhole equipment for oil and gas drilling operations; sold and rented to international drilling contractors.
• Fishing Tools Specialized tools for retrieving lost equipment from boreholes including junk baskets, mills, overshots, casing scrapers, jars, shock tools, and magnets; offered to drilling contractors.
• Handling Tools Drill string handling equipment including elevators, slips, tongs, rotary slips, safety clamps, stabbing guides, and elevator links for safe drill pipe and casing operations.
• NDT Equipment Non-Destructive Testing equipment including electromagnetic coils, UT units, ultraviolet lights, magnetic yokes, and associated consumables for quality inspection of oilfield components.
• Specialized Equipment Miscellaneous oilfield equipment including turboback stabilizers, casing and drill pipe threads, float valves, couplings, drifts, bit breakers, and pipe protectors.
• Machine Shop Services Precision machining services including ring joint gaskets, fasteners, gear cutting, milling, and lathe machining for oilfield equipment manufacturing and repair; supports rapid 1-2 day turnaround.
• Welding Shop Services Welding and metal fabrication services including general welding, pipe racks, offshore baskets, hardbanding, and hardfacing for oilfield applications.
• Oilfield Raw Material Raw materials for oilfield equipment including AISI 41XX material, Teflon, gun metal, oilfield alloy steels, and non-magnetic materials; supplied to oilfield equipment manufacturers and operators.
• Engineering, Procurement, Construction & Commissioning (EPC) Comprehensive project management, engineering, procurement, construction, and commissioning services for oil and gas onshore and offshore projects.
• Manpower & HR Solutions Offshore crewing, logistics services, shore base setup, and skilled technical personnel provision including engineers, safety officers, technicians, welders, and fabricators for oil and gas projects.
• Civil Engineering Works Infrastructure construction including roads, micro tunneling, drilling, electromechanical works, landscape, waterproofing, and concrete coring and cutting services for industrial and government clients.
• MEP Building & Infrastructure Services Complete MEP services including HVAC, fire fighting, electrical, plumbing, drainage, district cooling systems, and water treatment for residential, commercial, and industrial facilities.

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Forum Energy Technologies: Designs and manufactures oilfield equipment including downhole tools, handling tools, and rig consumables. Similar mid-sized equipment supplier profile with overlapping product categories.
• Vallourec: Major European supplier of OCTG and line pipe for upstream oil and gas. Comparable to Radix Novem in the tubular goods segment, with overlapping drilling contractor and NOC customers in the Middle East.
• Weatherford International: Provides drilling, evaluation, and production equipment and services including downhole tools and fishing tools. Directly comparable product portfolio to Radix Novem's BHA, fishing, and handling tools.
• Tenaris: Global leader in OCTG, line pipe, and seamless tubular products for oil and gas drilling. Directly comparable to Radix Novem's tubular product line covering drill pipe, drill collars, pup joints, and tubing.
• Hunting PLC: UK-listed manufacturer and supplier of oilfield products including drilling tools, tubulars, and related equipment. Directly comparable in product mix, with overlapping Middle East and international drilling contractor customers.

Broad incumbents

• Halliburton: Global oilfield services giant offering comprehensive drilling tools and consumables. Both a major Radix Novem customer and a competitor in adjacent equipment and service lines in the Middle East.
• TechnipFMC: Global EPC and oilfield services company serving similar Middle East NOC and IOC customers with comparable project management, engineering, and construction capabilities that overlap with Radix Novem's EPC offering.
• NOV (National Oilwell Varco): Largest global oilfield equipment manufacturer offering drilling rigs, downhole tools, and handling equipment. Overlaps broadly with Radix Novem's product offering but at vastly greater scale and with full rig manufacturing capability.
• Baker Hughes: Global oilfield services and equipment company offering drilling, completion, and production solutions. Both a major Radix Novem customer and a competitor in the regional equipment and services market.
• SLB (Schlumberger): Largest global oilfield services company offering drilling and production equipment plus integrated services. Competes broadly across the equipment and service categories Radix Novem operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/radix-novem

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 Radix Novem Oilfield