MODUS Oilfield

Overview
Oil & Gas Tech?
Product stageSegments
Early
?
Exploration and drilling tech (Upstream)
?

MODUS Oilfield is a technology company focused on developing innovative solutions for the oil and gas industry. Their team comprises experienced professionals with over 60 years of combined expertise in building oilfield products. MODUS Oilfield leverages its intellectual property portfolio, including trade secrets, trademarks, and patents, to create cutting-edge technologies. The company has its research and development roots at King Abdullah University of Science and Technology (KAUST), enabling it to rapidly translate innovative KAUST technologies into field applications through close collaboration with partners.

MODUS Oilfield's product portfolio includes advanced locking roller reamers, under-reamers, fixed blade tools, stabilizers, and the ReVOLVER, a versatile drilling tool that selectively applies different functions as needed. Their offerings are designed to mitigate risks, improve efficiency, and reduce overall well costs. One of their standout products is the patent-pending locking roller reamer, which features a pressure compensation mechanism to prevent cutter loss in the well.

Key customers and partnerships

In June 2022, MODUS Oilfield partnered with Oilfield Services & Supplies Pte Ltd (OSS) to assemble a proprietary Reamer Tool. This collaboration involved innovators from KAUST, MODUS Oilfield, and OSS. The tool underwent successful fit and function tests during a 10-day visit by a customer from Saudi Arabia in Singapore. The partnership aims to achieve a step change in drilling performance and wellbore quality in future operations within the Kingdom of Saudi Arabia.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Jedda SAU
Founded year:
2020
Employees:
-
IPO status:
Private
Total funding:
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Last Funding:
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Key competitors
 
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