New Well Intervention Technology to Be Launched in Norway by Wellvene and Marwell AS

Wellvene, a prominent provider of well intervention technology, has established a partnership with Marwell AS, an integrated completions provider, to introduce new products to the rapidly expanding well intervention market in Norway. This strategic collaboration is anticipated to generate an additional £1.5m in revenue over the next year, further solidifying Wellvene’s position as a key player in the Norwegian Continental Shelf.

As part of its expansion strategy, Wellvene will be creating new regional roles to support its operations, including the appointment of a full-time account manager. The account manager will play a crucial role in advancing the objectives of the partnership and ensuring a productive collaboration between the two companies.

Bronson Larkins, Managing Director of Wellvene, conveyed his enthusiasm for the partnership, stating, “We are thrilled to expand and strengthen our presence in Norway alongside Marwell AS. Through this partnership, our innovative technologies will reach a broader audience, enabling Norwegian Operators and Service Companies to address their Well Intervention requirements and optimize plug & abandonment operations.”

Similarly, Mike Williamson, General Manager of Marwell, underscored the shared values and potential of the partnership, noting that their integrated solution approach will enable them to provide Wellvene’s technology to Norwegian operators and support them with dedicated personnel working locally in Stavanger.

This collaboration signifies a significant milestone for both companies as they strive to meet the evolving needs of the Norwegian well intervention market. The alignment of their expertise and resources is poised to benefit operators and service companies in the region, facilitating the seamless implementation of advanced well intervention solutions.

In conclusion, the partnership between Wellvene and Marwell AS heralds a promising development in the well intervention technology sector in Norway. With their combined strengths and commitment to innovation, the introduction of new products is positioned to elevate industry standards and deliver enhanced solutions to meet the demands of Norwegian operators and service companies.