Reelwell AS

What Reelwell AS does

Reelwell AS, founded in 2004 in Sola, Norway, develops powered wired drill pipe and dual-channel drilling technologies for the oil and gas industry, with select applications extending into geothermal energy. The company operates two core technology platforms: DualLink, a powered wired drill pipe system that uses a patented 816-wire copper braid conductor to deliver up to 500W of electrical power and 56 kb/s bi-directional digital telemetry along the drill string, and DualPipe, a dual-channel concentric pipe configuration that enables fluid circulation through separate paths for zero equivalent circulating density and cuttings-free wellbores. Sub-products include the Along-String Measurement (ASM) tool for real-time downhole monitoring, a surface unit with safety system, and an open-platform downhole modem/x-over that allows third-party BHA and MWD/LWD tools to integrate into the DualLink network. The architecture is patented in multiple jurisdictions and protected by registered DualLink and DualPipe trademarks, with ISO 9001:2015 certification from DNV.

Reelwell monetizes its technology through three streams: hardware sales of DualLink drill strings and components manufactured at the Sola facility, multi-year service and frame agreements with operators for offshore and land deployment, and funded development projects with operators and government bodies (Aker BP for completions feasibility, Horizon Europe and Research Council of Norway for geothermal). Major disclosed commercial contracts include a five-year frame agreement with Equinor (initial workscope approximately NOK 100 million, first deployment at Oseberg), a multi-year contract with Vår Energi on the COSLPioneer rig with options for four additional one-year extensions, first commercial deployment in North America for a large international operator in February 2026, and onshore USA drill string deliveries to Nabors Industries.

The company goes to market through direct enterprise sales to major operators and a 5-year strategic cooperation with Odfjell Technology (which also holds a 10% equity stake) for offshore equipment deployment, maintenance, and logistics. Customers are exclusively large enterprise oil and gas operators and drilling contractors on the Norwegian Continental Shelf and internationally, with named relationships including Equinor, Vår Energi, Aker BP, Nabors Industries, and a large international North American operator. Operations are headquartered in Sola, Norway, with a wholly-owned US subsidiary (Reelwell US LLC) in Houston, Texas, responsible for the Americas market.

Name

Reelwell AS

Legal name

Reelwell AS

Website

https://reelwell.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Reelwell AS develops powered wired drill pipe (DualLink) and dual-channel drilling technology (DualPipe), delivering high-speed downhole telemetry and electrical power transmission for oil and gas operators on offshore and land drilling operations globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Sola

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Wired Drill Pipe Systems: Sale and deployment of DualLink powered and wired drill pipe systems including hardware and related technology. Manufacturing at Sola facility for delivery to operators and drilling contractors.
2. Service Operations: Multi-year service contracts with operators for DualLink deployment. Frame agreements with Equinor (NOK 100 million initial workscope) and Vår Energi for offshore operations. Partner Odfjell Technology provides equipment components and maintenance.
3. Technology Development Projects: Funded development projects with operators (Aker BP for completions) and government bodies (Horizon Europe, Research Council of Norway) for specific technology applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Reelwell AS develops and manufactures powered wired drill pipe (DualLink) and dual-channel drilling (DualPipe) technologies for the oil and gas industry. The DualLink system converts standard drill pipe into a digital network providing 56 kb/s high-speed bi-directional telemetry and 500W electrical power transmission along the drill string, while DualPipe uses concentric pipes to enable superior hole cleaning and ECD management. Products are manufactured at the Sola, Norway facility and deployed via multi-year service contracts with major operators.

Product overview

Reelwell AS offers two core product lines: DualLink and DualPipe. DualLink is the company's flagship powered wired drillpipe system that converts standard drill pipe into a digital network providing high-speed telemetry (56 kb/s) and electrical power (500W) along the drill string, enabling real-time data transmission and downhole tool powering for both land and offshore drilling operations. DualPipe is a dual-channel concentric pipe drilling technology that enables fluid to be pumped down the outer pipe annulus while returning to surface through the central pipe, providing superior hole cleaning, ECD management, and access to reservoirs previously considered challenging to drill conventionally. The products serve the oil and gas drilling industry with applications across the hydrocarbon recovery lifecycle as well as geothermal energy.

Differentiator

Problem solved

Functional benefit

Brands

• DualLink: Powered wired drill pipe technology providing high-speed digital telemetry and electrical power along the drill string. The only wired drillpipe to leverage digital telemetry, power, and greater reliability downhole. Designed for both land and offshore drilling operations.
• DualPipe
• DualPipe Liner Drilling
• Reelwell Drilling Method (RDM)

Products and services

• DualLink

Quantifiable outcome

• 7-15% efficiency gain potential (Rystad Energy)
• +5 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

Feature5 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• Gunnar Energy ServicescoreTechnology or Integration · 10 February 2026Collaboration for North America commercial deployment. Gunnar's DeadAhead Active Magnetic Ranging system powered by DualLink during plug and abandonment operation, saving two weeks of rig time.
• Odfjell TechnologycoreStrategic or Co-development Partner · 21 March 2025Strategic cooperation agreement and 10% equity investment. 5-year cooperation extended to five additional one-year extensions. Odfjell Technology provides offshore equipment deployment, maintenance, and logistics while Reelwell provides DualLink digital platform. First contract under partnership is with Vår Energi for COSLPioneer operations.
• Odfjell TechnologycoreStrategic or Co-development Partner · 6 January 2025Strategic four-year agreement combining Reelwell's DualLink digital platform with Odfjell Technology's offshore expertise. Partnership builds on Odfjell's proven track record with digital pipe technology in North Sea including operations on Deepsea Nordkapp, Deepsea Atlantic, and Deepsea Aberdeen.
• Institute for Energy Technology (IFE)strategicStrategic or Co-development Partner · 16 January 2023IFE coordinates Horizon Europe geothermal project involving consortium of partners from six European countries over 3.5-year period. Project based on horizontal closed loop DualPipe solution for heat and electric power production.
• Nabors IndustriescoreStrategic or Co-development Partner · 28 June 2022First DualLink drill strings delivered for commercial use onshore USA. Partnership enables deployment into US land market with Nabors providing drilling rig capabilities.
• Aker BPstrategicStrategic or Co-development Partner · 2 February 2022Direct funding for DualLink Completions feasibility project adapting technology for upper completion string. Phase 1 joint concept study completed 2021, feasibility phase developing 'All Electric' upper completions system. Technology to be reviewed for NOAKA field deployment.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Schlumberger (SLB): SLB is a global oilfield services leader with drilling technology, telemetry, and MWD/LWD offerings that compete with elements of Reelwell's wired drill pipe stack. Several Reelwell senior leaders (CEO Americas Ian Silvester, Chairman Jørgen Rasmussen) previously spent 20+ years at Schlumberger.
• Weatherford International: Weatherford is a global oilfield services and equipment company offering drilling tools, MWD/LWD, and well construction services that compete with parts of Reelwell's portfolio. VP BD Ronald Maclean previously held leadership roles at Weatherford.
• TechnipFMC: TechnipFMC is a global oilfield equipment and services provider with drilling and subsea technologies that overlap with adjacent parts of Reelwell's offering. Both serve major offshore operators on similar drilling and well construction projects.
• Baker Hughes: Baker Hughes provides drilling services, downhole tools, and digital drilling solutions that overlap with Reelwell's offering. CEO Svein Strømberg and VP BD Ronald Maclean both held senior roles at Baker Hughes, and the company is a logical incumbent competitor and potential partner.

Others

• Saipem: Saipem (ENI) is a global oilfield engineering and drilling contractor that shares Reelwell's Sola/Stavanger facility entrance and operates in the same NCS ecosystem. While not a technology competitor, it is a regional adjacent peer in the Norwegian drilling services landscape.

Emerging players

• Nabors Industries: Nabors is a strategic partner and first US customer for Reelwell's DualLink, deploying the first commercial drill strings onshore USA. Nabors' Drilling Solutions division (with board member Subodh Saxena) gives it a hybrid role as partner, customer, and adjacent drilling technology competitor.

Regional players

• Archer Limited: Archer is a Norway-based oilfield services company providing drilling and well services, with Chairman Jørgen Rasmussen having previously served as Archer CEO and Chairman. While not a wired drill pipe competitor, it is a comparable NCS drilling services peer.
• Aker Solutions: Aker Solutions is a Norway-based oilfield engineering and subsea services company operating in the same NCS ecosystem as Reelwell. While not a direct wired drill pipe competitor, it is a comparable Norwegian oilfield technology peer serving the same operator customers.

Direct peers

• National Oilwell Varco (NOV): NOV's IntelliServ is the incumbent wired drill pipe system and the most direct competitor to Reelwell's DualLink. Both companies convert standard drill pipe into high-speed telemetry and power networks for downhole drilling applications, serving the same offshore and onshore operators.
• Odfjell Technology: Odfjell Technology holds a 10% equity stake in Reelwell and is its primary offshore channel partner, providing deployment, maintenance, and logistics for DualLink on Norwegian and international rigs. Odfjell also operates its own digital pipe technology and well services, making it a hybrid partner/competitor.

Market position

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/reelwell-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

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 Reelwell AS