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Noram Drilling AS

TM9:MUN

Noram Drilling AS

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  • Price (EUR)3.05
  • Today's Change-0.085 / -2.71%
  • Shares traded1.00k
  • 1 Year change-12.23%
  • Beta--
Data delayed at least 15 minutes, as of Nov 25 2024 07:14 GMT.
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About the company

Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.

  • Revenue in NOK (TTM)1.11bn
  • Net income in NOK3.60m
  • Incorporated2007
  • Employees361.00
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