[Dubai, UAE - 5 October 2026] RigQuip announces successful management buyout by Managing Director
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With 20 years in the business our rig and drilling equipment
division has what it takes to deliver across your assets lifecycle
RigQuip marks 20 years in business, growing from strong to stronger, and expanding our products and services. We are now fully international, producing our own specialized parts and equipment, and working alongside the biggest drilling contractors across all regions of the world. We continue to diversify, continue to grow.
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20 YEARS STRONG
RigQuip marks 20 years in business, growing from strong to stronger, and expanding our products and services. We are now fully international, producing our own specialized parts and equipment, and working alongside the biggest drilling contractors across all regions of the world. We continue to diversify, continue to grow.
RigQuip celebrates 15 years after growing from a small, privately owned Aberdeen business to a firm with multiple global locations servicing clients across the world. RigQuip also signs a Memorandum of Understanding with Zamil Shipyards to open a base in Dammam, Saudi Arabia, offering clients drilling equipment inspection and service combined with berthing and full maintenance, repair, and operating shipyard services.
RigQuip establishes its Middle East and North Africa base in Dubai, RigQuip FZE.
RigQuip becomes the world's first API Q2 certified drilling equipment inspection, repair and recertification organisation.
RigQuip delivers engineering and drilling package project for Helix Energy Solutions well intervention vessels Siem 1 & Siem 2 in the Netherlands.
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 launches its own range of drilling equipment parts & expendables following acquisition of Letourneau Technologies Inc by Cameron.
RigQuip engaged by Frontier Drilling (now Noble Drilling) to oversee state-of-the-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 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'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'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 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).
