The potential for environmentally friendly nano-additives based drilling fluids is extended here in the context of the ongoing EU project ‘ORCHYD’ where a hybrid drilling technology is developed by combining High Pressure Water Jet (HPWJ) and Percussive Drilling to improve the efficiency of deep geothermal drilling. In this work, different types of nanomaterials such as graphene oxide, hybrid nano silica and their composite nanomaterials are used as additives in a water-based drilling fluid. The influence of additives on the rheological properties and the friction of the drilling fluid has been investigated. The laboratory results showed that an increase in the concentration of additives will increase the viscosity of fluids. A significant reduction in the coefficient of friction (during wear testing of steel material) was also revealed with the addition of GO and chemical functionalization. The need for further characterizing and the perspective to upscale the enhanced nano-additives based fluids for HPWJ and percussive drilling application, in deep geothermal conditions, are discussed.