When was Enhanced Drilling founded?

Enhanced Drilling was founded in 1987 and raised its 1st funding round 18 years after it was founded.

Where is Enhanced Drilling located?

Enhanced Drilling is headquartered in Straume, Norway. It is registered at Smålonane 16, 5353, STRAUME.

How many employees does Enhanced Drilling have?

As of Aug 31, 2026, the latest employee count at Enhanced Drilling is 219.

Is Enhanced Drilling a funded company?

Enhanced Drilling is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on 2005.

When was the latest funding round of Enhanced Drilling?

Enhanced Drilling's latest funding was a $***** Series A round on 2005, with participation from 1 investor.

What is the annual revenue of Enhanced Drilling?

Annual revenue of Enhanced Drilling is between $10M and $50M as on Dec 31, 2022

Where does Enhanced Drilling rank among its competitors?

Enhanced Drilling ranks 3rd amongst 50 active competitors, of which 9 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Reelwell, which secured $3.8M in Mar, 2025.

Who are the top competitors of Enhanced Drilling?

Enhanced Drilling's top competitors include Nabors, Pason and Sekal. Among them, Reelwell secured the most recent funding round in March, 2025.

Enhanced Drilling - 2026 Company Profile, Funding, Competitors & Financials

Q: Is Enhanced Drilling an acquired company?

Enhanced Drilling got acquired by Expro on May 05, 2026.

Company Details

Enhanced Drilling (fka AGR Enhanced Drilling) is a Norway-based company focused on providing drilling services and solutions to the oil and gas industry. The company provides EC-Drill Managed Pressure Drilling system which is is a Controlled Mud Level (CML) system that enables operators to drill within a narrow pressure window. The company also offers Riserless Mud Recovery system which is a risk reduction tool. It is a Dual Gradient Drilling system which returns mud and cuttings to the rig before the marine riser is run, without discharge to the seabed. The company also offers Managed Pressure Cementing, and Cuttings Transportation Systems.

Website: www.enhanced-drilling.com/
Social
Email ID: *****@enhanced-drilling.com
Registered Address: Smålonane 16, 5353, STRAUME

Key Metrics

Founded Year

1987

Location

Straume, Norway

Stage

Acquired

Latest Funding Round

Series A, 2005, $*****

Investors

Altor Equity Partners & 2 more

Ranked

3^rd among 50 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2022

Employee Count

219 as on Aug 31, 2026

Similar Companies

Nabors & 45 more

Exit Details

Acquired by Expro (May 05, 2026)

View Enhanced Drilling's full profile

Enhanced Drilling is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ENHANCED DRILLING HOLDING AS CIN: 992821191 , Norway, Active	Jun 17, 2008	-	-
Enhanced Drilling As CIN: 978712606 , Norway, Active	Apr 14, 1997	-	102 (As on Dec 31, 2022)
Enhanced Drilling As CIN: 978712606 , United States, Active	Jul 23, 1997	$10M - $50M (As on Dec 31, 2022)	81 (As on Dec 31, 2021)	-

Enhanced Drilling got acquired by Expro on May 05, 2026 at an acquisition amount of $*****.

Click here to take a look at Enhanced Drilling's acquisition in detail

Enhanced Drilling has raised funding over 1 round. Its latest funding round was a Series A round on 2005 for $*****. 1 investor participated in its latest round. Enhanced Drilling has 3 institutional investors.

Here is the list of recent funding rounds of Enhanced Drilling:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2005	1048	Series A	9857	6673	2653	6577

Access funding benchmarks and valuations. Sign up today!

View details of Enhanced Drilling's funding rounds and investors

Enhanced Drilling's employee count trend

Enhanced Drilling has 219 employees as of Aug 26. Here is Enhanced Drilling's employee count trend over the years:

Employee count trend for Enhanced Drilling

Uncover Enhanced Drilling's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Enhanced Drilling include Nabors, Pason and Sekal. Here is the list of Top 10 competitors of Enhanced Drilling, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nabors 1952, Houston (United States), Public	Provider of cloud and app-based onshore and offshore drilling solutions	-	Omega Advisors, Pamplona Capital Management	64/100
2nd	Pason 1978, Calgary (Canada), Public	Provider of integrated drilling data solutions	-	-	56/100
3rd	Enhanced Drilling 1987, Straume (Norway), Acquired	Technology solutions for drilling industry	-	Altor Equity Partners, Viking Venture & 1 others	55/100
4th	Sekal 2011, Sandnes (Norway), Acquired	Software solutions for drilling in oil & gas industry	$3.72M	Aramco Ventures, Equinor & 2 others	53/100
5th	Reelwell 2004, Stavanger (Norway), Series A	Developer of wired drill pipe technology for land and offshore use	$12.2M	Lime Rock Partners, Odfjell Technology & 2 others	40/100
6th	MagVAR 2010, Denver (United States), Acquired	Provider of solutions for well directional drilling	-	-	38/100
7th	Ulterra 2005, Fort Worth (United States), Acquired	Manufacturer of polycrystalline diamond compact drill bits	-	Industrial Innovation Partners, Amberjack Capital	37/100
8th	Verdande Technology 2004, Trondheim (Norway), Series B	Provider of real-time drilling decision support for oil and gas industry	$14.4M	Investinor, ProVenture & 3 others	35/100
9th	Integrity Directional Services 2008, Fort Worth (United States), Series B	Directional and horizontal drilling services and software solutions	$32.3M	Falcon Investment Advisors, Maxim Corporate Partners ... & 1 others	35/100
10th	Oliden Technology 2011, Sugar Land (United States), Series B	Research and development on drilling and logging technologies	$14.5M	-	35/100