WELLS-focused energy consultancy Elemental Energies, has today, Tuesday 16 May 2023, added to its extensive portfolio of specialist services through the acquisition of Norwell Engineering.
This is the second acquisition for the independent specialist in just five months after it acquired Vysus Senergy Wells, a subsidiary of Vysus Group in December 2022.
Subscribe to our daily newsletter
Why? Free to subscribe, no paywall, daily business news digest.
The latest deal with Norwell Engineering will see a core international team of 15 staff members transition to Elemental Energies along with a wider team of long-term contractors. The move will increase the company’s total workforce from 75 to 105.
Elemental Energies, headquartered in Aberdeen, is undertaking a series of strategic acquisitions to cement its position as the leading wells-focused energy consultancy.
The company provides a connected approach to global energy challenges across upstream oil and gas, decommissioning, and low carbon sectors – specifically carbon capture, utilisation, and storage (CCUS), and geothermal.
Elemental Energies’ Chairman, Martyn Fear, said: “Norwell Engineering is a fantastic addition to our business. Their unrivalled experience in delivering major wells projects around the world further strengthens our capability and expands the opportunities to partner with operators, EPCs and other service companies. Their team has delivered more wells than any other independent consultancy, and decommissioned more wells than any of their peers. This impressive track record and reputation for excellence combined with our own extensive in-house capabilities now gives us a competitive edge on a global scale.”
Iain Adams, Managing Director of Norwell Engineering said: “I’m extremely proud of our team at Norwell Engineering. Over the last three decades we have delivered many industry firsts and been behind multiple flagship projects from drilling wells in world record water depths to delivering more than 500 project managed wells globally since 1989. As we look to the future and how our world-leading expertise can support the transition of the energy sector through decommissioning and to low carbon, joining Elemental Energies is a natural fit and we look forward to integrating our teams to provide best-in-class, independent engineering and project management across oil & gas, decommissioning, CCUS and geothermal projects.”
Elemental Energies is currently working on a number of groundbreaking energy projects including a landmark carbon capture and storage project for the Ineos-led Greensand project, a number of major decommissioning campaigns in both the UK and Middle East, and multiple deepwater field development projects.
Established in 1989, Norwell Engineering has built its reputation as the go-to wells specialist for large scale and challenging projects. Norwell has built a reputation supporting governments, regulators and the largest IOCs and NOCs in delivering expert, independent advice. Notable work includes delivering more than 500 project managed wells for clients since 1989, advising as well control experts during the BP Macondo trial, and since 2018 project managing the delivery of the $6bn KG-DWN-98/2 deepwater field development in the Indian Ocean for ONGC.
Norwell has also built a leading reputation in decommissioning, completing its first dedicated well decommissioning project in 1996 and currently acting as project managers for both wells and facilities decommissioning on the UAQ field decom campaign offshore UAE.
The company has a turnover of approximately £10 million per annum. When combined with the former Senergy Wells’ turnover, Elemental Energies’ revenue is expected to exceed £27 million in its first year.
Michael Dafforn, Director of Elemental Energies, added: “Elemental is committed to engineering the energy transition, and the expert team from Norwell Engineering will form an integral part of our ambition to build the leading independent consultancy for wells projects, across upstream, decommissioning and low carbon around the world.
“The Norwell team has earned an enviable reputation for successfully managing the largest and most challenging wells projects for clients around the world over the past 34 years, and we are delighted to welcome their wealth of expertise, team and clients to the company.”
For further information visit www.elementalenergies.com
