Dril-Quip, Inc. (NYSE: DRQ) was founded in 1981 and is headquartered in Houston, Texas. It has 1,849 full-time employees. Together with its subsidiaries, it designs, manufactures, sells and services onshore and offshore drilling and production equipment for Global deep water, harsh environment and harsh service applications.
Dril-Quip, Inc. (DRQ):
Dril-Quip is one of the world’s leading manufacturers of offshore drilling and production equipment, suitable for deep water applications. The company designs and manufactures subsea, surface and offshore drilling equipment for use by offshore oil and gas companies and drilling contractors around the world.
Dril-Quip, Inc. is divided into 3 divisions to operate : Western Hemisphere (Western Hemisphere), Eastern Hemisphere (Eastern Hemisphere) and Asia-Pacific (Asia Pacific).
Dril-Quip’s main products include subsea and surface wellheads, subsea and surface production branches, subsea control systems and manifolds, mudline hanger systems, special connectors and related pipelines, drilling and production riser systems, liner hangers , Wellhead connectors, shunts and safety valves, and consumables downhole products.
Dril-Quip also provides technical consulting services, rework and repair services, as well as the rental and purchase of operating tools for installing and retrieving its products.
Dril-Quip’s products are used to explore offshore drilling platforms, such as oil and gas from floating drilling rigs and jack-up drilling platforms, and offshore platforms for drilling and producing oil and gas wells, tension leg platforms (TLPs) ), and Spars buoy-shaped structure, and moored vessels, such as floating platform production, storage and unloading of monohull moored vessels.
Dril-Quip is headquartered in Houston, Texas, with manufacturing facilities in the United States, Brazil, Scotland and Singapore. The company also has sales and service offices in multiple locations around the world. Dril-Quip’s manufacturing operations are vertically integrated. The company performs basically all forging, heat treatment, processing, manufacturing, inspection, assembly and testing in its own factory. The company mainly develops a wide range of subsea, surface and offshore drilling equipment through internal product development.
Dril-Quip sells its products through sales staff, independent sales agents and representatives of integrated, independent and foreign national oil and gas companies, drilling contractors, engineering and construction companies.