RigQuip’s drilling equipment and engineering business is launched as a subsidiary of engineering company, Hitec Products Drilling AS. The business becomes the exclusive Europe representative of US manufacturer Letourneau Technologies Inc, including brands LEWCO and Oilfield Electric Marine (OEM).
RigQuip’s service business is launched carrying out inspection, service and recertification of drilling equipment. The RigQuip brand, a former trademark of Noble Drilling UK and later National Oilwell Inc is acquired.
RigQuip’s parts and expendables business is launched in partnership with LeTourneau Technologies Inc as the business begins to stock drilling equipment parts and expendables for worldwide delivery.
RigQuip delivers major engineering, procurement, construction and commissioning project for Talisman’s Auk platform in the UK North Sea. RigQuip’s drilling equipment and engineering business conducts a management buyout and becomes an independent company following equity fund Hitec Vision’s purchase of Hitec Products Drilling AS.
RigQuip engaged by Frontier Drilling (now Noble Drilling) to oversee state-of= art multi-purpose tower drillships Bully 1 and Bully 2. Responsibilities included decision making on behalf of owner, design & operation reviews, drilling controls, integration, testing and commissioning support, RigQuip businesses merge to become the trading entity they are today – a global competitor to the major OEMs in new equipment, engineering, inspection and recertification, and parts.
RigQuip launches its own range of drilling equipment parts & expendables following acquisition of Letourneau Technologies Inc by Cameron.
RigQuip delivers major engineering, procurement, construction and commissioning project for SBM Offshore in Brazil. RigQuip wins the Business Insider Fastest Growing Scottish SME 2014 award.
RigQuip delivers engineering and drilling package project for Helix Energy Solutions well intervention vessels Siem 1 & Siem 2 in the Netherlands.
RigQuip becomes the worlds first API Q2 certified drilling equipment inspection, repair and recertification organisation.
RigQuip establishes its Middle East and North Africa base in Abu Dhabi in partnership with Ali & Sons.