Noram Drilling AS NORAM.OL · NOK

Its shares trade on Oslo Børs under the ticker NORAM.OL. It has been listed since 15 May 2007. In the fiscal year to 31 December 2025, it reported net income of $142.3m. At that date it held total assets of $732.9m and shareholders' equity of $539.4m.

NorAm Drilling AS engages in the ownership and operation of land-based oil and gas drilling rigs. The company is headquartered in Oslo, Oslo. The company went IPO on 2007-05-15. The firm 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.

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• Mr. Ole HjertakerChairman of the Board
• Mr. Dale WilhelmInterim Chief Executive Officer and Chief Financial Officer$384,500
• Mr. Thomas TaylorChief Operating Officer$373,500
• Mr. Tormod CarlsenHead of Information
• Mr. Jan KildalDeputy Chief Financial Officer
• Mr. Christopher BakerDirector
• Mr. Jan KlepslandDirector

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