Wellvene and Marwell partner to launch new well intervention tech.

TLDR:

• Wellvene and Marwell AS have partnered to introduce new well intervention technology to Norway
• The strategic partnership aims to generate an additional £1.5m in revenue over the next 12 months

Wellvene has recently signed an agreement with Marwell AS to bring new well intervention technology to Norway. This partnership is expected to boost Wellvene’s growth in the Norwegian market and generate additional revenue. The companies plan to create new regional roles to support their operations, including hiring a full-time account manager to drive the partnership’s objectives.

Wellvene’s Managing Director, Bronson Larkins, expressed excitement about expanding their presence in Norway and reaching a wider audience with innovative technologies. Marwell’s General Manager, Mike Williamson, highlighted the shared philosophies between the two companies and the potential for a powerful partnership. They aim to provide Norwegian operators with value-adding technology and dedicated personnel locally in Stavanger.

This collaboration reflects the companies’ commitment to advancing well intervention solutions and optimizing plug & abandonment operations in Norway. By combining their expertise and resources, Wellvene and Marwell AS are poised to make significant strides in the region’s growing well intervention market.