Annual Report 2025
Enersol is at the forefront of a new era in energy tech
Enersol is a pioneering joint venture between two leading, ADX-listed Abu Dhabi companies – ADNOC Drilling and Alpha Dhabi Holdings. With a $1.5 billion mandate, we are acquiring companies that are driving transformation in the oilfield and energy sector through AI and advanced technologies. So far, we have acquired Gordon Technologies, EV, NTS Amega and Deep Well Services.
Enersol Energy Challenge
We have partnered with C3 to deliver the Enersol Energy Challenge, a search for the brightest energy entrepreneurs and inventors in the UAE. Aimed at uncovering and supporting early-stage ventures offering transformative solutions across energy services. Applications for the program are now open.
Enersol 2024 Operational Report
In our first year, we made four acquisitions in quick succession, rapidly growing our portfolio of advanced technology, IP and AI-powered solutions. To see the details of how we are already shaping the future of energy services, click the link below.
Our mission is to deliver AI-tech-enabled energy solutions that enhance operational efficiency, improve safety and drive economic diversification
With more than 140 patents, Enersol is driving the tech-energy revolution in the UAE, bringing advanced technologies, including AI and digitalization, and supporting Make It In The Emirates through local manufacturing and In-Country Value
Enersol’s portfolio of cutting-edge technology companies work together to identify opportunities, innovate and develop more advanced technologies
With deep experience, financial strength and the strategic vision of ADNOC Drilling and Alpha Dhabi, Enersol is uniquely positioned to empower its companies to lead in innovation, efficiency and sustainability, while creating unprecedented opportunities and value
Enersol is unlocking new business opportunities for its portfolio companies in the UAE and wider Middle East, with some using Abu Dhabi as a hub to reach the Eastern Hemisphere, fueling further growth
Enersol is empowering innovation to transform energy services to ensure a safe, efficient, and sustainable energy sector
Our Companies
Enersol is half-way through its acquisition phase, having acquired four global technology companies. As we expand our portfolio in 2025, our impact will also magnify. Together, our companies are leveraging AI and advanced technologies to reshape the oilfield and energy sectors, unlock new business opportunities, create value, and pave the way for a dynamic, tech-driven energy future
Gordon Technologies
Gordon Technologies is a globally leading provider of measurement-while-drilling (MWD) technology. With multiple patents, Gordon has developed one of the industry’s most robust and reliable MWD systems, which reduces drilling time, improves wellbore quality, and increases overall drilling efficiency.
Gordon’s systems, which are on more than 100 rigs in the US, have achieved best-in-class performance, particularly in high temperature applications, which are especially relevant for securing the UAE’s unconventional energy resources and have enabled Gordon to also enter the geothermal market.
Gordon established operations in the UAE in 2024 and its technology has already led to a new record in UAE drilling efficiency, with even greater results expected as the company expands its operations in the country. Gordon is scheduled to begin regular manufacturing in the UAE in 2025.
Acquisitions have further strengthened Gordon Technologies’ capabilities and offering:
Paisano Labs: secures Gordon’s access to proprietary gamma detectors and propagation resistivity tools used in directional drilling
Vertex Downhole Trading: enables Gordon to accelerate its expansion in the Middle East and broader Eastern Hemisphere, where it aims to be the leading MWD provider
Noralis: enables Gordon to create a complete mechanical and electrical MWD product offering
EV
EV is at the forefront of AI-enabled downhole visual analytics and diagnostics. It boasts more than 120 patents, developed at its EV Technology Centre, which enable its 360-degree downhole cameras and integrated camera-ultrasound technologies to generate a high-definition understanding of downhole challenges, supporting real-time, effective decision making.
Its recently launched PigCam® is a revolutionary pipeline camera that transforms pipeline inspections. EV’s cutting-edge Asset Inspection Visualization and Analytics system, AIVA™, uses AI and machine learning techniques to enable well and pipeline operators to make effective decisions, improving operational efficiency.
EV operates in 37 countries and has achieved an incredible milestone of 1.5 million hours worked without a single Lost Time Injury, a testament to the commitment and vigilance of the entire team.
The company is also making a significant contribution to advancements in geothermal energy.
EV brings a wealth of cutting-edge technologies and capabilities to the UAE energy sector and will work with another Enersol company, NTS Amega, on repairs and maintenance in the UAE.
NTS Amega
With facilities in the UAE and globally, NTS is a key part of Enersol’s strategy to build a scalable technology ecosystem by providing its advanced manufacturing, complex tool repair and rental solutions to Enersol portfolio companies’ new operations in the UAE and beyond. The company’s custom solutions minimize downtime, create greater efficiencies and reduce costs. These solutions include high tolerance manufacturing of complex rotary steerable heads, measuring/logging collars, carriers and accessories, drilling tools, topside, subsea, and process system components.
NTS’ specialized repair processes extend the life and availability of measuring while drilling, logging while drilling, non-magnetic drill collars, and other drilling accessories. NTS is qualified to provide an extensive suite of repairs for Tier 1 oil and gas service companies and has a vast number of complex manufacturing contracts in the US, UAE and Saudi Arabia. In 2024, it became the first company to gain approval for stub welding in Guyana by SLB and Exxon. NTS contributes to Make It In The Emirates and In-Country Value and will be a key plank of Enersol’s efforts to boost this further. In 2024, NTS also launched a unique drilling centre of excellence in the US and is continuously expanding into new markets and segments. NTS also owns Cobore Inc, a renowned leader in precision hole making processes and capabilities, and Promet AS, a manufacturing business that is part of NTS’s strategy for expansion in the UAE, enabling it to uniquely provide manufacturing of components used by original equipment manufacturers (OEMs) to ADNOC and other Middle East end users. Through Enersol, NTS expects new opportunities as other portfolio companies enter or expand operations in the UAE and the Middle East, as well as synergies created by the portfolio companies.
Deep Well Services
Deep Well Services (DWS) is a premier technology, analytics and training company for oilfield services. DWS leverages advanced technology, AI and automation to enhance performance and sustainability in the energy sector.
Its patented Hydraulic Completion Units (HCU) are designed for high-pressure, long lateral, and multi-well completion operations, enabled by its data analytics software, BoreSite® and its training and development, which offers globally accredited programs that enhance operational safety and efficiency.
DWS has additionally established joint venture AutoSep Technologies, which focuses on automating flowback operations. DWS works in numerous basins across North America and its services has been adopted by over 70 E&P companies ranging from small-private operators to large-cap national energy companies.
Since being acquired by Enersol, in November 2024, DWS has already secured new business opportunities with ADNOC Drilling, as well as tendered for the first time in Saudi Arabia.
ADNOC Drilling
One of the largest integrated drilling companies globally and still growing fast. Since its IPO in 2021, ADNOC Drilling has expanded from 127 rigs to 142 rigs and has consistently recorded record financial results. The company intends to expand further, with 151 rigs by end of 2028 and expansion into Kuwait and Oman, as part of a strategy to provide clean, safe and reliable energy. Enersol supports this strategy and future-proofs ADNOC Drilling and the UAE energy sector by acquiring AI-led companies that drive greater efficiencies as well as new revenue streams.
Alpha Dhabi
Alpha Dhabi Holding (ADH), was established in 2013 and is one of the fastest growing Abu Dhabi based investment holding companies, with more than 250 businesses in healthcare, renewable energy, petrochemicals, real estate, construction, hospitality and other industries. With more than 95,000 employees, ADH is a strategic contributor to the UAE economy and is committed to driving continuous growth for its stakeholders through investments in emerging businesses, supporting innovation and diversity.