Norwell Engineering has today, 16 May, been acquired by Elemental Energies, the specialist wells-focused energy consultancy, for an undisclosed sum.
The Norwell Engineering team has been acquired in its entirety, in recognition of our unique capabilities and historic well engineering experience. Our core international team of 15 staff members will transition to Elemental Energies along with a wider team of long-term contractors.
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 and now has a total workforce of 105.
In what is the start of an exciting new chapter, the acquisition by Elemental Energies gives the Norwell Engineering team the opportunity to further build on our global reputation for excellence while continuing to expand our expertise across the global energy transition.
While we might now have a new name, our team and current client activity remain unchanged and over the coming weeks and months, we will integrate with the rest of the Elemental Energies team as we optimise our shared capabilities.
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.”
Bringing together leading wells experts, Elemental Energies 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 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.”
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 US, 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 and NOCs in delivering expert, independent advice.
Over more than 30 years, our team also built a leading reputation in decommissioning, completing our 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.
This historic well engineering experience and the Norwell team’s unique capabilities will be central to Elemental Energies moving forward, as the company shapes the future of wells-focused projects across the energy mix.
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.”
More information on Elemental Energies and the acquisition is available at elementalenergies.com