Oslo, Norway, January 9, 2023 Commercial update: In December 2022, the Company’s 11 drilling rigs achieved an average day rate of approximately USD 29,200 and rig utilization was 99.7%. As […]
State of the art drilling rigs in the US Permian Basin
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Annualized dividend yield based on latest monthly distribution of NOK 1.00 per share
About NorAm Drilling
NorAm Drilling is a leading drilling operator with a fleet of 11 Ultra Super Spec drilling rigs in the Permian basin with 15 years of operating history. The rigs are all fully upgraded with walking systems and high racking capacity and has a track record of drilling the longest wells in Permian.
Our Story
NorAm Drilling has in its 15-year history established a solid foothold in US drilling market, with significant operating experience in Louisiana, New Mexico and Oklahoma, but is now primarily focusing on the Permian Basin in Texas, where approximately 60% of the proven reserves in the U.S are located.
Due to the modern high specification rigs and a track record with high drilling efficiency and safe operation for the customers, NorAm Drilling was among the first land-drilling companies to have all rigs reactivated after the market disruption caused by Covid in 2020.
LATEST NEWS
Oslo, Norway, December 5, 2022 Commercial update: In November 2022, the Company’s 11 drilling rigs achieved an average day rate of approximately USD 27,784 and rig utilization was 99.2%. As […]
Oslo, Norway, November 22, 2022 Please find enclosed the presentation of the third quarter 2022 results to be held on a live conference call and Q&A on Tuesday, November 22, […]
Oslo, Norway, November 21, 2022 NorAm Drilling AS (the “Company” or “NorAm”), today reported unaudited results for the three months and nine months ended September 30, 2022: HIGHLIGHTS • Revenue […]