XRig AS
XRig AS is a Norwegian energy technology testing and well simulation center operating a NORSOK-certified modular drilling rig with nine full-scale wellbores. It serves oil and gas operators and service companies with technology testing, equipment rental, training, and precision machining services.
- Company typePrivate
- Founded-
- HeadquartersÅlgård, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What XRig AS does
XRig AS is a Norwegian privately held company founded in 2014 and headquartered at Ålgård Technology Park in Rogaland, Norway. The company positions itself as an energy and technology commercialization and well simulation testing center, serving oil and gas operators and service companies on the Norwegian Continental Shelf with testing, equipment rental, training, and precision engineering services. Leadership consists of CEO Rune Bakke, COO Kjetil Nesse, and CTO Martin Ask, with an operational team of approximately five staff per the company's About page (eight total per firmographic data).
The company's core asset is a NORSOK-certified modular combined drilling and hydraulic workover rig installed at Ålgård Technology Park, featuring nine full-scale wellbores for realistic downhole testing. Through its technology partnership with EnergyX, XRig also operates the Energy X Test Centre, which adds a high-pressure/high-temperature (HPHT) well simulator capable of replicating well inclinations up to 80 degrees at 12K psi, a downhole motor dynamometer, hyperbaric test cells, and push/pull test benches. Additional technical assets include a Modular Blowout Preventer Control Unit (M-BCU) certified to IEC 61508/61511 SIL 2 and DNV 2.7-1, a 360-degree rotating Coiled Tubing Advanced Tower, and an Advanced Electronics testing suite covering environmental stress screening (-70°C to 180°C) and pressure testing up to 2,000 bar. XRig has logged more than 300 successful full-scale tests and 4,000 operational hours with only 1% non-productive time, and in January 2023 extended a test well from 466 meters to nearly 1,000 meters.
XRig monetizes across four revenue streams: technology testing and qualification services, offshore equipment rental (modular rig, BOP control systems, coiled tubing, solids control), training courses delivered in partnership with Maersk Training and Proserv, and precision machining and engineering services covering demanding alloys such as Inconel, Titanium, and Duplex. Go-to-market is direct enterprise field sales with dedicated executive contacts for general, technical, and operational inquiries, supplemented by training partner channels. Pricing is quote-based and not publicly disclosed. The company has cultivated strategic alliances including the Odfjell Collaboration Alliance for plug-and-abandonment technology, a public-private geothermal energy consortium in Øygarden, and training partnerships with Riggutdanning and EnergyX for engineering integration.
XRig AS firmographics
Firmographics- Name
- XRig AS
- Legal name
- Xrig AS
- Website
- https://xrig.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- XRig AS is a Norwegian energy technology testing and well simulation center operating a NORSOK-certified modular drilling rig with nine full-scale wellbores. It serves oil and gas operators and service companies with technology testing, equipment rental, training, and precision machining services.
- Ownership category
- akta.pro rank
XRig AS industry classification
Industry- Product category
- Oil and Gas Well Testing Services
- NAICS
- Testing Laboratories and Services (54138), Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Oil & Gas Field Services, Nec (1389), Services-Testing Laboratories (8734), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO)
- akta.pro secondary industry
- Third-Party Certification, Code Compliance & Regulatory Inspection (ASME/API/ISO) (EUAEAHAN)
Keywords
Where XRig AS is headquartered
LocationHeadquarters
- HQ city
- Ålgård
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
XRig AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Testing Services: Technology testing and qualification services for oil and gas industry, including well simulation, P&A equipment testing, and technology commercialization support.
- Offshore Equipment Rental: Rental of modular drilling rigs, BOP control systems, coiled tubing equipment, and solids control equipment for both long-term and short-term offshore operations.
- Training Services: Competence center providing drilling and well training courses in partnership with Maersk Training, Proserv, and Riggutdanning. Includes both theory and practical hands-on training.
- Machining & Engineering Services: CNC machining, fabrication, and assembly services for precision components including demanding alloys (Inconel, Titanium, Duplex, Super Duplex).
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
XRig AS product offering
Product offeringCore offering
XRig AS operates an energy and technology commercialization and well simulation testing center, providing full-scale downhole testing, offshore equipment rental, and training services to the oil and gas industry. The company operates a NORSOK-certified modular combined drilling and hydraulic workover rig with nine full-scale wellbores for realistic technology qualification, complemented by rental of BOP control systems, coiled tubing towers, and solids control equipment.
Product overview
Xrig AS operates as an energy and technology commercialization and well simulation testing center offering a comprehensive portfolio of testing, rental, and training services for the oil and gas industry. The core offering centers on the Drilling Rig with nine full-scale wellbores for realistic downhole technology testing, complemented by the Energy X Test Centre for intervention and subsea product testing. Equipment rental services include Modular Rig & Associated Equipment, BOP Control System, Coiled Tubing Advanced Tower, and Solids Control Equipment—all NORSOK compliant. The company provides Advanced Electronics Testing for electronics qualification and a full Machining & Engineering Service for product development and fabrication. Training Courses are delivered through partnerships with Maersk Training and Proserv. All services are coordinated through Ålgård Technology Park, enabling integrated development, testing, and production capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Testing Services
- Drilling Rig Testing Facility
- Energy X Test Centre
- Advanced Electronics Testing
- Modular Rig & Associated Equipment Rental
- BOP Control System Rental
- Coiled Tubing Advanced Tower Rental
- Solids Control Equipment Rental
- Training Courses
- Machining & Engineering Service
Quantifiable outcome
- 300+ successful full-scale tests completed
- +3 more outcomes
Companies that use XRig AS
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
XRig AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
XRig AS partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered supporting and core.
- Geothermal Energy Consortium (Øygarden)supportingPublic-private consortium investigating possibilities for extracting geothermal energy in Øygarden. Members include Odfjell Technology, CCB, Eviny, Baker Hughes, Xrig, Vestland County Council, Grønn region Vestland, Bergen municipality and Øygarden municipality.
- Maersk TrainingcoreTraining partnership agreement combining Xrig's full-size rig floor facilities with Maersk Training's learning concepts and state-of-the-art mobile or cloud-based drilling and intervention simulators. Enables customers to reduce total cost of training with wider scope of technical and hands-on equipment training.
- Odfjell Technology (OTL)coreXrig hosted Odfjell Collaboration Alliance (OCA) Day - a P&A and slot recovery alliance focused on the Norwegian Continental Shelf. The alliance showcases latest innovations in P&A technology. Odfjell Technology is a collaboration alliance member along with TCO Group, Ardyne, Wellstrøm, Altus Intervention, Control Cutter, JWS Gruppen, Tyrfing Innovation, InterWell, and Innovar Solutions.
- ProservcoreTraining agreement allowing clients to reduce total cost of training by including wider scope of technical and hands-on equipment training.
- RiggutdanningsupportingTraining partnership for developing next generation of workers for the energy sector.
- EnergyXcoreEngineering and testing partnership providing comprehensive range of engineering services, product development solutions, and testing facilities. EnergyX provides drilling rig, fluid pumps, HPHT well simulator, downhole motor dynamometer, hyperbaric test cell, and push/pull test bench for Xrig's test activities.
- Advanced ElectronicssupportingPartnership for ESS testing, pressure testing, hydraulic test bench, electro/mechanical assembly, and electronics design and programming services.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
XRig AS competitors and assessment
Company assessmentDirect peers
- Maersk Training: Global provider of drilling, well intervention, and energy safety training with offshore and onshore simulator facilities. Maersk Training is a formal training partner of Xrig and directly comparable in delivering drilling and well courses to oil and gas personnel.
- InterWell: Norwegian P&A technology company developing wellbore barriers and slot recovery tools. InterWell is an OCA alliance partner with Xrig and shares exposure to the same P&A testing, qualification, and commercialization workflow.
- Odfjell Technology: Norwegian well intervention and P&A specialist that operates modular BOP systems and well services on the NCS. Odfjell is Xrig's named alliance partner and customer; both target the same P&A and slot recovery workflow with overlapping technology testing and intervention capabilities.
- Proserv: Global energy production technology and service company providing subsea controls, well intervention equipment, and training. Proserv is both a training partner and a peer in delivering well services and equipment rental to NCS operators.
- Altus Intervention: Norway-based well intervention and P&A service provider operating coiled tubing, wireline, and downhole tools. Altus is part of the OCA alliance alongside Xrig and competes for similar P&A qualification and intervention work on the NCS.
- TCO Group: Norwegian technology company delivering P&A and slot recovery tools and services. TCO is an OCA alliance partner of Xrig and addresses the same drilling and well intervention customer base.
Broad incumbents
- Baker Hughes: Global integrated oilfield services and equipment company with extensive drilling tools, well intervention, and geothermal capabilities. Baker Hughes is a fellow Øygarden geothermal consortium member and a broad incumbent in drilling and well services, with substantial in-house testing capacity that overlaps with Xrig.
- Aker Solutions: Large Norwegian-based provider of subsea, drilling, and well intervention solutions with in-house testing and qualification infrastructure. Aker Solutions is a broad incumbent that overlaps with Xrig on drilling tooling, testing services, and well equipment, but at substantially greater scale and scope.
- Archer: Global oilfield services company providing drilling, well intervention, and platform services with significant NCS operations. Archer competes with Xrig's rental and intervention-adjacent offerings as part of a much broader service portfolio.
- Weatherford: Global oilfield services company offering drilling, evaluation, and well intervention products with in-house testing and qualification facilities. Weatherford is a broad incumbent peer competing for similar technology qualification work that Xrig serves on the NCS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
XRig AS social profiles
Digital presenceXRig AS compliance and trust
Trust signalCompliance5 records
XRig AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
XRig AS leadership team
Management profileNumber of profiles
Profiles5 records
XRig AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XRig AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XRig AS
What does XRig AS do?
XRig AS operates an energy and technology commercialization and well simulation testing center, providing full-scale downhole testing, offshore equipment rental, and training services to the oil and gas industry. The company operates a NORSOK-certified modular combined drilling and hydraulic workover rig with nine full-scale wellbores for realistic technology qualification, complemented by rental of BOP control systems, coiled tubing towers, and solids control equipment.
Is XRig AS a public or private company?
XRig AS is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was XRig AS founded?
XRig AS was founded in -1. It employs 1 to 10 people.
Where is XRig AS based?
XRig AS is headquartered in Ålgård, Norway, in the Europe region.
How does XRig AS make money?
Four revenue lines are on record. Testing Services are the primary driver. The others are offshore Equipment Rental, training Services and machining & Engineering Services.
Who are XRig AS's main competitors?
Direct peers on record are Maersk Training, InterWell, Odfjell Technology, Proserv, Altus Intervention and TCO Group. Broad incumbents are Baker Hughes, Aker Solutions, Archer and Weatherford.
Does XRig AS have an API?
No public API is recorded for XRig AS.
What industry is XRig AS in?
XRig AS's product category is Oil and Gas Well Testing Services. Its primary akta.pro industry code is EUALABAO, Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC), with a secondary code of EUAEAHAN, Third-Party Certification, Code Compliance & Regulatory Inspection (ASME/API/ISO). Its NAICS code is 54138 and its SIC code is 1389.