Wellvene and Marwell AS Team Up to Introduce New Well Intervention Technology to Norway

In March 2024, we were thrilled to announce a new partnership with one of Norway’s leading integrated completions providers, Marwell AS. Building on our recent year-on-year growth on the Norwegian Continental Shelf, we expect this strategic partnership to generate an additional £1.5m in revenue over the next 12 months.

In addition, as part of our expansion strategy, we also announced the creation of new regional roles to support our operations in the region. Among these positions will be the appointment of a full-time account manager, who will play a pivotal role in driving forward the objectives of the partnership, ensuring seamless collaboration and mutual success between the two companies.

Mike Williamson, General Manager of Marwell, commented:

“Marwell and Wellvene hold many shared philosophies, and we immediately saw the potential for a powerful partnership in Norway. Our integrated solution approach will allow us to provide Wellvene’s value-adding technology to Norwegian operators and support them with dedicated personnel working locally in Stavanger.”

Following significant contract wins, we look forward to growing and strengthening our presence in Norway alongside Marwell AS. By partnering with them, our range of innovative technologies can reach an even wider audience, helping Norwegian Operators and Service Companies address their Well Intervention requirements and optimise plug & abandonment operations.