Carbon Fiber Reinforced Polymers (CFRP) are a class of advanced materials widely used in versatile applications including aerospace and automotive industries due to their exceptional physical and mechanical properties. Owing to the heterogenous nature of the composites, it is often a challenging task to machine them unlike metals. Drilling in particular, the most commonly used process for component assembly is critical especially in the aerospace sector which demands parts of highest quality and surface integrity. Conventionally, all composites are machined under dry conditions. While there are drawbacks related to dry drilling, for example, poor surface roughness, there is a need to develop processes which yield good quality parts. This thesis investigates the machining performance when drilling CFRP under cryogenic, MQL and hybrid (CryoMQL) modes and comparing with dry drilling in terms of the machining forces, delamination, diameter error and surface integrity assessment including surface roughness, hardness and sub-surface damage analysis. Additionally, the effect of varying the feed rate on the machining performance is examined. From the study, it is concluded that drilling using coolant/ lubricant outperforms dry drilling by producing better quality parts. Also, varying the feed rate proved to be advantageous over drilling at constant feed.