NorAm Drilling AS (NORAM.OL)
NorAm Drilling AS operates in the Oil & Gas Drilling industry of the Energy sector, headquartered in Oslo, PS, NO. The stock last traded at $44.80, up 0.56% on the session, giving a market capitalisation of $1.94B. Its beta of -0.19 implies it has historically moved less than the broad market.
NorAm Drilling AS specializes in the procurement, ownership, and operation of advanced, AC-powered drilling rigs. These sophisticated units are custom-built for horizontal well development across the United States. The company maintains a fleet of eleven such rigs, which are primarily deployed within the Permian Basin. Established in 2007, NorAm Drilling AS is headquartered in Oslo, Norway, and operates as a subsidiary of Geveran Trading Ltd.
NorAm Drilling AS is most often compared with the following Energy names: