Hilco is seeking offers to acquire the intellectual property of Enteq Technologies Plc (In Administration) and Enteq Technologies USA Inc. (together, “Enteq” or the “Group”), on behalf of the Joint Administrators of Enteq Technologies Plc, Paul Berkovi and Rob Croxen of Alvarez & Marsal Europe LLP (the “Joint Administrators”), and Enteq Technologies USA Inc*.
Enteq specialises in the development and commercialisation of advanced directional drilling systems, designed to address critical challenges in the global oilfield services sector. Originally founded in 2011, the Group has established a reputation for high-specification engineering, delivering innovative solutions that enhance drilling performance, reduce operational risk, and improve cost-efficiency for service providers and operators engaged in complex well construction. Enteq Technologies Plc (In Administration), has created an integrated portfolio of intellectual property, know-how and engineered systems positioned to serve the global market for directional drilling and measurement-while-drilling solutions.
Enteq’s most significant innovation is the SABER Tool (Steer-At-Bit Enteq Rotary), a next-generation rotary steerable system developed to deliver greater directional control, lower well construction costs and superior reliability than conventional rotary steerable system designs. The SABER Tool is built around a patented fluidic steering mechanism, eliminating external moving parts and offering operators a robust, simplified alternative that is particularly suited for extended reach and high-angle wells where conventional steerable systems can encounter reliability challenges. The SABER technology originated from intellectual property licensed by Enteq from Shell and was subsequently enhanced and developed by Enteq’s engineering team through a multi-year programme of modelling, prototyping, and field trials. The SABER tool’s capabilities were successfully demonstrated through live trials at the Catoosa Test Facility in Oklahoma in 2024, validating its performance under demanding downhole conditions.
SABER represents a unique and interdependent offering, with combined intellectual property and know-how that address key limitations of existing directional drilling technologies.
The Group’s IP portfolio comprises SABER-related patents held by Enteq Technologies Plc, with territorial coverage across key jurisdictions including the UK, United States, China, Europe, Canada, Australia, Brazil and Mexico. In addition to registered rights, Enteq’s offering includes valuable trade secrets, organisational know-how and proprietary documentation, including detailed CAD designs, engineering simulations, performance data, and internal technical files necessary to support the deployment, manufacture and further development of the Group’s technologies.
Enteq’s technologies were developed to provide operators with the next generation of tools for navigating complex drilling environments while lowering cost and operational risk. The combined sale of the UK entity assets ensures an acquirer can secure the complete technology platform and supporting materials required to commercialise the tools globally.
Acquiring Enteq’s intellectual property presents an exciting opportunity to secure a proven, field-tested technology suite that is positioned to meet the growing demands of modern directional drilling applications worldwide.
Enteq has established a respected and forward-thinking brand within the oilfield technology and directional drilling sectors, known for innovation, reliability, and engineering excellence. The Group’s name is synonymous with advanced downhole solutions designed to address the evolving technical challenges faced by service providers and operators engaged in complex well construction globally.
Enteq’s brand is closely associated with technological leadership in directional drilling. The Group’s commitment to delivering robust, simplified alternatives to conventional rotary steerable systems has positioned it as a trusted technology partner within its space. Enteq’s innovations have been recognised through successful live trials, notably at the Catoosa Test Facility in Oklahoma, and its technologies have attracted interest from major industry players and potential collaborators. The Enteq brand has been further elevated by its strategic partnership with Shell, whose licensed intellectual property served as the foundation for the SABER Tool’s fluidic steering concept.
Over the years, Enteq has earned industry recognition through its commitment to addressing critical challenges in complex well construction and directional drilling. Enteq’s SABER Tool was a finalist in the Emerging Technology category at the Offshore Achievement Awards in 2023, recognising its achievement in developing disruptive technology that meets the evolving needs of the sector.
Enteq’s reputation is reinforced by its consistent focus on engineering integrity and its drive to develop solutions that enhance performance while reducing operational risk and cost for end users. Positive coverage in respected trade publications, such as World Oil and Drilling Contractor, has helped cement the Group’s position as a credible, innovative player in the downhole technology space.
The Group likely holds unregistered rights in the “Enteq” and “Enteq Technologies” brand names and logos, along with the “SABER” and “PowerHop” brand names and logos.
Enteq holds a valuable and strategically structured portfolio of patents that protects its core innovations in directional drilling and downhole connectivity technologies, underpinning Enteq’s ability to offer next-generation rotary steerable solutions that address major technical and operational challenges in complex well construction.
Enteq Technologies Plc (In Administration)
Enteq Technologies Plc holds patents relating primarily to the SABER Tool, the Group’s proprietary next-generation rotary steerable system, including a granted UK patent covering the core fluidic steering mechanism, designed to deliver directional control without external moving parts, enhancing reliability and reducing failure risk in high-angle and extended reach wells.
The SABER-related intellectual property extends internationally, with granted or pending patents across key jurisdictions including the US, Europe, China, Canada, Australia, Brazil and Mexico, covering key aspects of the SABER design, including its unique internal fluid path architecture, directional control method, and structural configuration, all developed to improve drilling accuracy, reduce wear and tear, and lower operational costs.
Enteq Technologies USA Inc.
Enteq Technologies USA Inc. holds patents focused on the PowerHop technology, the Group’s wireless power and data transfer system, covering the transmission of power and telemetry signals between downhole components without physical connectors, enabling greater design flexibility, simplified assembly, and enhanced reliability in demanding drilling environments.
The primary territorial protection for PowerHop is in the US, where the technology was developed to complement SABER and provide an integrated directional drilling solution. The PowerHop patents strengthen Enteq’s offering by addressing a key limitation of conventional systems, where physical connectors can be points of failure or operational complexity.
Full details on the Group’s patents are available via the virtual data room.
Enteq holds a substantial and well-documented body of organisational knowledge and proprietary know-how that underpins the Group’s innovative directional drilling and downhole connectivity solutions, built through years of engineering development, prototyping, and field validation across Enteq Technologies Plc (In Administration).
The Group’s technical library includes comprehensive CAD models, detailed engineering drawings, fluid dynamics simulations, and finite element analyses relating to the design, performance, and optimisation of the SABER Tool, capturing the proprietary methods used to develop and refine Enteq’s fluidic steering mechanism and, internal flow paths, all of which have been validated through rigorous laboratory testing and successful field trials. Enteq’s knowledge base also includes proprietary , materials specifications, manufacturing instructions, and assembly procedures and testing data essential for production, deployment, and future development of the Group’s technologies.
The Group’s trade secrets and technical files, combined with Enteq’s patent portfolio, provide a purchaser with a complete foundation of intellectual property, engineering knowledge, and technical resources required to scale, commercialise, and further enhance Enteq’s proven directional drilling solutions.
The primary enteq.com domain name is available to acquire, as well as the enteq.org, enteq.info and enteq.co.uk domain names.
The Group owns the copyright in the website content hosted at https://www.enteq.com/, showcasing the business and its innovative technologies.
Rights in the Group’s LinkedIn account are available to acquire.
The Group maintains a detailed record of the customers and partners it has collaborated with, complete with names and contact information of key individuals within relevant departments.
The Group holds data on its key suppliers.
Hilco is acting as agent to the Group in connection with the proposed sale of some or all of the Group’s intellectual property and any available tangible assets. The Joint Administrators act as agents of Enteq Technologies Plc (In Administration) and without personal liability. Hilco also acts on behalf of Enteq Technologies USA Inc. in connection with this sale process, solely as marketing and sales agent and without any responsibility or liability for the management, operations, representations, or obligations of Enteq Technologies USA Inc. or its directors, officers, or shareholders.
All sales are made strictly on an “as is, where is” basis. Only such right, title, and interest (if any) as the Group may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Joint Administrators or Hilco in respect of the assets or any information supplied. All interested parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance, granting the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period. A Buyer’s Premium of 12.5% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Joint Administrators and/or Enteq Technologies USA Inc.
