NorAm Drilling AS (NORAM)

Overview

NorAm Drilling AS, founded in 2007 and headquartered in Oslo, Norway, is a substantive player in the oil and gas exploration industry, focusing on the operation and ownership of high-end, AC driven drilling rigs. These rigs are specially designed and equipped for drilling horizontal wells, which are highly effective in extracting oil and natural gas resources. The company operates a fleet of eleven rigs that are primarily located in the Permian Basin, a leading oil-producing region in the United States. As a subsidiary of Geveran Trading Ltd., NorAm Drilling AS leverages significant industry experience and financial backing to enhance its operations and expand its market reach.

Products and Services

NorAm Drilling AS offers a range of specialized services and operates state-of-the-art drilling equipment, ensuring efficient and effective drilling operations for its clients. These include:

• Advanced High-end AC Driven Rigs: These rigs represent the latest technology in drilling, offering increased efficiency, safety, and environmental benefits over traditional models. They are specifically designed for drilling horizontal wells, which are essential for modern oil and gas extraction techniques, particularly in shale formations.
• Operations in the Permian Basin: Focused on one of the most prolific oil-producing regions in the United States, NorAm's strategic positioning within the Permian Basin allows it to serve a significant segment of the market with expertise and efficiency. The area's vast resources and continuous development projects offer ample opportunity for NorAm Drilling AS to apply its specialized drilling capabilities.