Business description: NorAm Drilling

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.

Number of employees: 311

Sales by Activity: NorAm Drilling

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Noram Drilling Company

50.38M 95.45M 118M 103M 101M

Noram Drilling as

110K 110K 110K 110K 110K

Sales Income from Other Segments

-110K -110K -110K -110K -110K

Geographical breakdown of sales: NorAm Drilling

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

United States

50.38M 95.45M 118M 103M 101M

Executive Committee: NorAm Drilling

Manager TitleAgeSince
Chief Executive Officer 62 2016-12-31
Chief Operating Officer - 2014-10-31
Investor Relations Contact - 2022-07-31
Corporate Officer/Principal - -
Corporate Officer/Principal - 2015-06-30

Composition of the Board of Directors: NorAm Drilling

Director TitleAgeSince
Chairman 60 -
Director/Board Member 53 2022-02-28
Director/Board Member 40 2023-05-31

Shareholders: NorAm Drilling

NameStocks%Valuation
48.02 %
20,818,658 48.02 % 112 M kr
Nordnet Livsforsikring AS
4.102 %
1,778,754 4.102 % 10 M kr
2.92 %
1,266,225 2.92 % 7 M kr
The Bank of New York Mellon Corp. (Investment Management)
1.851 %
802,717 1.851 % 4 M kr
Danske Bank A/S (Investment Management Norway)
1.142 %
495,121 1.142 % 3 M kr

Company details: NorAm Drilling

NorAm Drilling AS

Bryggegata 3

0112, Oslo

+47 23 11 40 00

http://www.globalrig.no
address NorAm Drilling(NORAM)

Other Oil & Gas Drilling

Change 5-day change 1-year change 3-year change Capi.($)
+2.14%+4.13%+50.17%+0.78% 206M
-0.69%+0.52%+7.02%+48.84% 25.21B
+0.43%-2.39%-11.38%-20.53% 7.07B
+2.49%+6.78%+43.93%-10.22% 6.97B
+4.14%+5.73%+38.15%-16.57% 6.19B
+4.38%+5.48%+47.54%+19.69% 5.84B
-2.53%-0.12%-2.97%-17.89% 5B
-0.78%-1.54%-21.95%+20.75% 4.46B
+2.81%+10.58%+83.44%-9.86% 4.16B
+2.50%+8.06%+36.76%-3.57% 3.8B
Average +1.49%+3.66%+27.07%+1.14% 7B
Weighted average by Cap. +0.87%+2.53%+18.88%+14.17%
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NorAm Drilling
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
45.35NOK
Average target price
56.50NOK
Spread / Average Target
+24.59%
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