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2TD Drilling

Description

Provider of advanced drilling tools created for oil drilling. The company's drilling tools with electro-mechanical rotary steers enables oil drilling companies to drill wells at lower operational costs with improved maneuverability down-hole, improved borehole quality and reduce non-productive time associated with tool failure.

2008

Founded

M&A

Status

11-50

Employees

M&A

Latest Deal Type

$80.3M

Latest Deal Amount

$16.4M

Total Amount Raised

Description

Provider of advanced drilling tools created for oil drilling. The company's drilling tools with electro-mechanical rotary steers enables oil drilling companies to drill wells at lower operational costs with improved maneuverability down-hole, improved borehole quality and reduce non-productive time associated with tool failure.

Website:

www.2TD.no

Formerly Known As

Tuteedee

Ownership Status

Acquired/Merged (Operating Subsidiary)

Financing Status

Formerly VC-Backed

Primary Industry

Oil and Gas Equipment

Other Industries

Energy Exploration

Primary Office

Opstadveien 11 C 4330 ÅlgårdNorway +47 45 50 15 76
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2TD Drilling Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

2TD Drilling Executive Team (4)

NameTitleBoard
Seat
Contact
Info
Sigmund PrestegårdChief Financial Officer
Stig BakkeChief Technology Officer
Shona Grant Ph.DManaging Director
Andrew Gorrara700 Series Product Manager
Sigmund Prestegård Chief Financial Officer
Stig Bakke Chief Technology Officer
Shona Grant Ph.D Managing Director
Andrew Gorrara 700 Series Product Manager

2TD Drilling Board Members (3)

NameRepresentingRoleSinceContact
Info
Andras KruppaSelfChairman of the Board000 0000
Børge KolstadSelfBoard Member000 0000
Mark AndrewsSelfBoard Member000 0000
Andras Kruppa Chairman of the Board Self
Børge Kolstad Board Member Self
Mark Andrews Board Member Self
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