18/03/2024

​Marwell has signed an agreement with well intervention specialists Wellvene to bring new products to the region’s growing intervention market.

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Marwell and Wellvene have experienced significant year-on-year growth recently and have now teamed up to bring innovative new technologies to the well intervention market on the Norwegian Continental Shelf. Wellvene expects this strategic partnership to generate an additional £1.5m in revenue over the next 12 months. As part of its expansion strategy, Wellvene will also announce the creation of new regional roles to support its operations. 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.

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Bronson Larkins, Managing Director of Wellvene, commented: “Following significant contract wins, we look forward to growing and strengthening our presence in Norway alongside Marwell AS. Marwell has an excellent reputation for sourcing and providing world-class well intervention solutions. 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.”

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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.”

 

About Marwell

 

Marwell is an independent company specializing in wellbore construction and completion equipment. Established in 2019 in Stavanger, its goal is to bring new and innovative tools to markets where they can provide benefits to operators. Collaborating with some of the industry’s leading suppliers and service companies, Marwell’s expert engineering team further develop field proven technology to deliver a unique solution for a given well.

 

Saving operators time and money, while also improving performance, Marwell’s specialty lies in its well-first thinking, offering a bespoke approach to ever-more complex problems.

 

About Wellvene

 

Established in 2017, Wellvene is a design engineering and manufacturing company that supports the global energy market with engineered well solutions, flow control solutions, safety value remedial services, intervention services, and plug and abandonment services. Wellvene’s comprehensive product line now comprises over 60 tools, and the company also offers a bespoke design-engineering service. To date, Wellvene has fulfilled over 11,000 paid orders and has worked with over 70 clients in Europe, Africa, the USA, the Middle East, the Far East, and the Caribbean.
 

For more information, please visit www.wellvene.com

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