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2TD Drilling

Description

Developer of drilling tools for the oil and gas industry. The company is developing an electro-mechanical rotary steerable drilling tool (RSS), targeting the large and expanding directional drilling market, both on and offshore.

2008

Founded

PRIVATE

Status

11-50

Employees

Corporate

Latest Deal Type

$5.35M

Latest Deal Amount

$16.4M

Total Amount Raised

Description

Developer of drilling tools for the oil and gas industry. The company is developing an electro-mechanical rotary steerable drilling tool (RSS), targeting the large and expanding directional drilling market, both on and offshore.

Website:

www.2TD.no

Formerly Known As

Tuteedee

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-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 Investors (4)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
ChevronCorporationMinority000 0000000 0000
Energy VenturesVenture CapitalMinority000 0000000 0000
Individual InvestorAngel (individual)Minority000 0000000 0000
Innovasion NorgeOtherMinority000 0000000 0000
Chevron Corporation
Energy Ventures Venture Capital
Individual Investor Angel (individual)
Innovasion Norge Other

2TD Drilling Executive Team (4)

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

2TD Drilling Board Members (4)

NameRepresentingRoleSinceContact
Info
Andras KruppaSelfChairman000 0000
Anoop PoddarEnergy VenturesBoard Member000 0000
Helge TveitEnergy VenturesManaging Partner - Stavanger, Norway000 0000
Mark Douglas AndrewsSelfDirector000 0000
Andras Kruppa Chairman Self
Anoop Poddar Board Member Energy Ventures
Helge Tveit Managing Partner - Stavanger, Norway Energy Ventures
Mark Douglas Andrews Director Self
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