Elemental Energies, has today, 16 May, added to its extensive portfolio of specialist wells-focused energy consultancy services through the acquisition of Norwell Engineering (North Sea Well Engineering), for an undisclosed sum.
This is the second acquisition for Elemental Energies in just five months after it acquired Vysus Senergy Wells, a subsidiary of Vysus Group in December 2022. The company is undertaking a series of strategic acquisitions to cement its position as the leading wells-focused energy consultancy.
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. Current clients will continue to be supported by the same long-term engineering specialists.
We provide 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 projects.
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 become the go-to wells specialist for large- scale and challenging projects. It has built a reputation supporting governments, regulators and the largest IOCs in delivering expert, independent advice. Notable work includes advising as well control experts during the BP Macondo trial, supporting the UK HSE during the Elgin-Franklin investigation, 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 decommissioning campaign, offshore UAE.
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.”
Further announcements regarding Elemental Energies’ leadership team and future plans are expected to be made in the coming weeks.