Elemental Energies acquires Norwegian well management group

Elemental Energies has acquired Well Expertise AS, a Norwegian well management and consultancy provider.

According to Elemental, the deal has created one of the world's largest wells, subsurface and project management companies, with more than 230 specialists worldwide and revenues of over £50 million (US$64.5 million).

Elemental says the acquisition allows it to expand its North Sea presence in Norway. The two companies will provide well management services for oil and gas, decommissioning, geothermal, and carbon capture and storage projects.

Well Expertise, formed in 2016, has offices in Stavanger, Trondheim and Kristiansund.