R&D Solutions

What R&D Solutions does

R&D Solutions Pty Ltd is a privately held Australian energy industry equipment and services provider headquartered in Perth, Western Australia, with operational reach spanning Australia, the UK, Norway, the Middle East, and Australasia. Founded in 2009, the company delivers drilling, completion, flow control, and well intervention tools and services to oil, gas, and geothermal operators through a portfolio that includes proprietary Wellvene sub-brand products (Lock Mandrels, WellVeX blanking plugs, SwellStack seal technology, WellHOP slickline system), Matrix Low Friction Casing Centralisers, WWT Non-Rotating Protectors, Omega Well Intervention products, and FlexShoe Casing Shoes.

The company's core technology spans downhole completion tools, polymer-based centralisers, non-rotating drilling protectors, fibre-optic well surveillance (via Well-SENSE FLI distribution), and ultra-high-pressure inert jet cutting for wellhead removal. Products are qualified to industry standards including API 14L, API 11D1, API 14A, and ATEX, supported by ISO 9001, 14001, and 45001 certifications. Engineering and manufacturing are delivered from Australian service centres in Canning Vale and Welshpool (with combined warehouse and workshop facilities featuring 15,000psi pressure testing and torque turn equipment) and a Chinchilla, Queensland operations support site, plus the Wellvene regional headquarters in Aberdeen, Scotland.

R&D Solutions operates a hybrid equipment rental, product sales, and professional services revenue model. Equipment rental is charged on daily usage-based rates commencing from ex-works dispatch, goods are invoiced upon delivery including bespoke built-to-spec products, and services (torque turn, pressure testing, storage, maintenance, training, engineering) are invoiced monthly or upon job completion at day rates for personnel. Go-to-market is direct enterprise field sales targeting oil and gas operators through Perth and Brisbane offices, augmented by channel partnerships including Fahud Energy Solutions in Oman and co-development alliances with Tendeka, TAQA, Tejas, and Lee Energy Systems. Pricing is quote-based and not publicly disclosed, with standard 30-day payment terms.

Name

R&D Solutions

Legal name

R&D Solutions Pty Ltd

Website

https://randd-solutions.com.au

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

R&D Solutions is a privately held Australian oilfield equipment and services company providing drilling, completion, flow control, and well intervention tools to oil, gas, and geothermal operators across Australia, the UK, and international markets.

Ownership category

akta.pro rank

Product category

Oilfield Equipment & Well Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (2131), Drilling Oil and Gas Wells (213111)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

akta.pro secondary industries

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO), Well Intervention, Workover & Integrity (Coiled Tubing, Wireline, Plug & Abandonment) (EUAAAAAL)

Keywords

• Drilling equipment
• Well completion tools
• Well intervention services
• Oilfield equipment rental
• Downhole tools

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Rental: Daily rental charges for equipment commencing upon departure from ex-works warehouse until return. Equipment rental is a core revenue stream with daily rates not pro-rated.
2. Goods (Product Sales): Sale of drilling, completion, and intervention products and tools. Invoiced upon delivery. Includes specialty goods built to customer specifications.
3. Services: Services including torque turn, pressure testing, equipment storage and maintenance, training facilitation, and engineering services. Invoiced monthly or upon completion of job. Service personnel charged at day rates.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

R&D Solutions supplies drilling, completion, flow control, and intervention tools and services to the oil, gas, and geothermal markets. The company designs, manufactures, rents and sells proprietary and third-party represented wellbore products (e.g., Matrix Low Friction Centralisers, WWT Non-Rotating Protectors, Wellvene plugs and sleeves, WellHOP slickline system) and provides supporting field services such as pressure testing, torque turn, equipment storage/maintenance and training facilitation through its Perth headquarters and Australian service centres, with international reach via the Wellvene division in Aberdeen.

Product overview

R&D Solutions is a diversified oil and gas equipment and services provider offering a broad portfolio of drilling, completion, well intervention, and well integrity products. The product line includes completion tools (SSDs, Wellvene Landing Nipple Mandrels, Matrix Low Friction Centralisers), cementing and drilling equipment (FlexShoe Casing Shoe, WWT Non-Rotating Protectors), and specialized intervention tools (Well-SENSE FiberLine Intervention, Omega Well Intervention products). Through its Wellvene sub-brand, the company provides a comprehensive range of P&A and well integrity solutions including the WellVeX blanking plug, WellHOP shallow application slickline system, WellDrift, brush range, equalising devices, intervention sleeves (Max-ID, Secure Lock, Drop Lock), and sealing technology (V-Packings, SwellStack). The company also offers field services including pressure testing, torque turn, equipment storage, and training facilitation. R&D Solutions operates service centres in Western Australia and Queensland, serving the oil, gas, and geothermal markets.

Differentiator

Problem solved

Functional benefit

Brands

• WellHOP: Shallow Application Slickline System for shallow plug installation and DHSV remedial operations
• Matrix Low Friction Centralisers
• WWT – Western Well Tools
• Wellvene
• WellStream

Products and services

• Wellvene Landing Nipple Mandrels No-go, selective-landing, and safety-valve landing nipples enabling safe and efficient installation of flow-control devices, designed to suit existing OEM or Wellvene lock mandrels, for oil and gas operators.
• Wellvene Adjustable Union Integral completion component for precise spacing adjustments between packers, wellheads or other completion equipment, with anti-rotation locks and pressure ratings up to 7,500 psi.
• SSDs (Sliding Sleeves) Profile sliding sleeve downhole open device deployed as part of production tubing enabling communication between tubing and casing, with replaceable upper/lower seals and selective opening/closing capability.
• Western Well Tools (WWT) Non-Rotating Protectors Non-rotating protectors that reduce rotary torque up to 50% and drag approximately 25%, providing casing and riser protection during directional, extended-reach, sidetracking and deep-water drilling operations.
• Matrix Low Friction Casing Centralisers Low-friction advanced polymer centralisers with low and ultra-low friction factors for installing casing, screen and completion equipment in highly deviated and horizontal extended-reach wellbores; 100% metal-free construction.
• FlexShoe Casing Shoe Casing shoe designed for horizontal and problematic wells with dogleg severity up to 20°/100ft; available in 4-1/2", 5-1/2" and 7" sizes, first run in Texas horizontal well for a major international operator.
• Well-SENSE FiberLine Intervention (FLI) Rapid wellbore surveying technique using fibre-optic technology to capture distributed temperature and acoustic measurements along the entire length of the well in real time via a single-use FLI probe.
• Omega Well Intervention Products Intervention tool range including V-Zero Retrievable Bridge Plug (API 11D1, ISO-14310), High Expansion Retrievable Bridge Plug, K-Set setting tool, K-Punch modular hole punching tool and RBP accessories for well intervention operations.
• WellVeX Landing Nipple Blanking Plug API 14L Grade V0 Q1 qualified landing nipple blanking plug combining the sealing capability of a bridge plug with the operational simplicity of a conventional lock mandrel; single element true bi-directional seal, working pressure up to 10,000 psi.
• WellHOP Shallow Application Slickline System Patent-pending compact slickline system with wire drum, 3,000ft of 0.125" slickline, measuring head and toolstring winch installed directly onto frame around lubricator for shallow plug installation and DHSV remedial operations.
• Wellvene Lock Mandrel No-go landing nipple for installing single or series of positive landing nipple assemblies within completion string; designed, manufactured and qualified to API 14L V1 specification with pressure ratings up to 10,000 psi WP and temperature ratings from -20°C to 180°C.
• Wellvene Brush Range 360° Rotational Brush and Radial Brush for clearing scale and debris from seal bores without damaging completion equipment, supplied to suit any size or type of seal bore, tubing range, or completion assembly.
• Wellvene WellDrift Single run tool designed to identify and overcome restrictions within a wellbore by confirming wellbore inner diameter, with collapsible design offering 0.100-inch incremental reduction capability when encountering restrictions.
• Wellvene Equalising Devices Range including Remote Opening Cycle Valve, Melon Equalising Assembly, Pump Out Sub, and Prong/H-Bottom Assembly designed to reduce time, cost and risk across setting, testing and P&A applications.
• Wellvene Max-ID Sleeve Hold-open protection sleeve with through bore ID of 4.244" for 5.500" TRSSSV, allowing BHA's with OD up to 4.200" to be safely run and retrieved; designed to suit any nipple profile, size and type.
• Wellvene Secure Lock Hold Open Sleeve Low-cost lock-in sleeve protecting DHSV seal bores from wire or coil damage during intervention operations; holds flapper valve open to allow safe access below DHSV depth.
• Wellvene Drop Lock Sleeve Sleeve designed to suit any size and type of TRSSSV, offering straightforward method of holding TRSSSV Flapper Valve open while protecting seal bores from wire damage; can be run on Collapsible Running Tool.
• Wellvene V-Pro Drift Verification Profile Drift confirming actual no-go tag, jar capability at depth by shearing pins, and that key profile is clear of debris; first tool in V Series Drifts range, designed for first-time entry of lock mandrel.
• Wellvene Tree Cap Removal System Safe back-off system for tight or seized tree caps, customizable to requirements with options including extraction tool, clamp, slide hammer, and hydraulic system.
• Wellvene Chemical Soak Tool Chemical treatment tool for applying pre-selected chemical solution to downhole safety valves with known operability issues; slickline deployed and seals in lower seal bore of landing nipple for targeted soak area.
• Wellvene Flapper Status Verification Tool Tool verifying Downhole Safety Valve Flow Tube and Flapper status in single run; mitigates risk of losing toolstring downhole when running Slickline, E-Line or Coiled Tubing operations.
• Wellvene Remote Opening Cycle Valve (ROCV) Remote opening solution for P&A activity supporting nipple-set locks or OEM bridge plugs; fully mechanical with no batteries, available up to 10,000 psi WP with adjustable pressure and cycle range.
• Wellvene SwellStack WRSSSV sealing solution developed with TAQA for damaged seal bores with wire tracked groove up to 1.65mm depth; qualified to 10,000 psi gas in 1.65mm damaged seal bore, 0°C-250°C temperature rating.
• Wellvene V-Packings V-Packing Stack designed to suit any size and type of Wellvene or OEM Lock Mandrel, plug assembly, WRSSSV, isolation sleeve or GLV; temperature rating 10°C-220°C with pressure rating up to 15,000 psi.
• Well Head and Flowline Removal Ultra-High Pressure (UHP) inert jet cutting technology using high-pressure water and garnet for precision cutting and removal of wellheads and flowlines; no naked flame, 11-year track record with major oil and gas companies on and offshore.
• Pressure Testing Services Multi-pump pressure test system featuring low, medium and high-pressure pumps for fast fill top and bottom up to 15,000 PSI, including Pressure Test Bay with hydraulic lids designed for test pieces up to 18 metres.
• Torque Turn Services Fully rotational torque bucking machine (Forum Technologies) for makeup and breakout of premium and non-premium threaded tubular equipment, handling up to 100,000 ft-lb torque.
• Equipment Storage & Maintenance Storage, maintenance and logistics support at Canning Vale (1800m² internal warehouse, 3900m² external area, 15,000 psi hydraulic pressure test unit, torque turn unit, overhead cranes) and Welshpool service centres in Western Australia.
• Training Facilitation Training services delivered through alliance with Taylormade Training Consultants covering Slickline Operations, Well Completions, Basic Completions, Production & Exploration overviews, and induction courses for oil and gas personnel.

Quantifiable outcome

• Reduce torque up to 50% with WWT Non-Rotating Protectors
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TendekacoreTechnology or Integration · 1 October 2019Partnership with Tendeka regarding WRSSSV SwellStack for sealing within damaged TRSSSV seal bores. Partnership has seen SwellStack design improved significantly with full qualification testing and successful installations globally. Wellvene Lock Mandrel compatible with Tendeka/SwellStack technology.
• TejascoreTechnology or IntegrationCollaboration for supply of FlowGARD API monogrammed insert DHSV as part of Wellvene DHSV Remedial Package. FlowGARD power closure system provides bubble tight seal using Metal-to-Metal Ball & Seat mechanism. Tejas selects valves based on flowrate not valve size.
• Fahud Energy Solutions LLC (FES)minorChannel Partner/ Reseller/ DistributorIn-country partner in Oman providing high quality service to clients. Part of FOS Energy Group of companies. FES aligns with Wellvene ethos of putting customers' needs first and assists customers in achieving cost reduction through reliable, cost effective solutions.
• Lee Energy SystemscoreStrategic or Co-development PartnerCollaboration leading to deployment of Mega Packer-MPX providing permanent A&B annular barrier inside 9 5/8 and 13 3/8 casing. Successful offshore deployment marked significant milestone in pioneering solutions.
• Taylormade Training Consultants (TTC)minorStrategic or Co-development PartnerAlliance with independent training provider for slickline operations, well completions, basic completions, production and exploration overviews, and induction courses. TTC provides training facilitation services to R&D Solutions clients.
• TAQAcoreStrategic or Co-development PartnerOriginal developer of patented swellable O-ring technology used in Wellvene SwellStack. TAQA's patented technology combined with Wellvene manufacturing and qualification expertise for WRSSSV sealing solutions.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Halliburton: Global integrated OFS major with deep well-completion, intervention, and barrier-evaluation product lines that overlap with Wellvene's offerings. Sets the competitive ceiling on integrated P&A and completion tenders in which R&D Solutions participates.
• Weatherford International: One of the four major integrated oilfield service companies, offering completion tools, intervention services, and P&A products that directly overlap with the R&D Solutions / Wellvene portfolio. Competes in the same tenders but with a much broader geographic and service-line footprint.
• SLB (Schlumberger): World's largest oilfield services company, with comprehensive completion, intervention, drilling, and digital offerings that bracket R&D Solutions' full product range. Relevant as the dominant global benchmark for pricing, lead times, and integrated service scopes.
• Forum Energy Technologies: Global OFS equipment manufacturer whose Forum Technologies torque-turn unit is in use at R&D Solutions' Canning Vale service centre. Overlaps with R&D Solutions in pressure testing, torque turn, and surface wellsite equipment, but at substantially larger scale and broader portfolio.

Direct peers

• Tendeka: Aberdeen-headquartered specialist in well completion, sand control, and inflow control technologies. Directly comparable to Wellvene as a niche, partner-based provider of well completion and intervention products, and a named R&D Solutions technology partner on SwellStack/WRSSSV solutions.
• Lee Energy Systems: Specialist provider of permanent and remedial annular barriers, packers, and well integrity solutions. Strategic co-development partner to R&D Solutions on the Mega Packer-MPX, and operates in a directly overlapping product/market space for downhole barriers and zonal isolation.
• Hunting PLC: UK-listed global provider of downhole tools, OCTG, and advanced well completions. Closely comparable product set (centralisers, completion accessories, intervention tools) to R&D Solutions' Matrix and Wellvene lines, though at meaningfully larger scale and broader geographic reach.
• Tejas Tubular Products: Manufacturer of API-monogrammed downhole safety valves (FlowGARD WRSSSVs) and completion accessories. R&D Solutions' Wellvene DHSV Remedial Package is built around Tejas FlowGARD inserts, making Tejas a directly comparable peer in the WRSSSV and completion-tool category.
• Well-SENSE Technology: Aberdeen-based developer of single-use fiber-optic well intervention technology (FiberLine Intervention). R&D Solutions distributes Well-SENSE FLI in Australasia; the two companies share a similar niche, intervention-focused profile targeting the same operator customers.

Regional players

• Vimy Resources (Industrial Process Solutions): Australian-headquartered engineering and industrial-services group historically active in oil & gas equipment, fabrication, and field services. Operates in the same Australian E&P customer base as R&D Solutions, providing a regional scale comparison and a potential roll-up/partner candidate.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/randdsolutions
• LinkedInlinkedin.com/company/r-&-d-solutions

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R&D Solutions