What Elemental Energies does

Elemental Energies is a privately held, Aberdeen-headquartered engineering and project management services company serving the global energy industry. Founded in 2022 as a consolidation vehicle, the company has grown through four acquisitions — Senergy Wells (December 2022), Norwell Engineering (2023), Well Expertise AS (July 2024), and Applied Petroleum Technology AS (February 2026) — to assemble integrated subsurface, wells, and facilities engineering capability across the full asset lifecycle. It now operates from nine offices in the UK, Norway, the US, Italy, Malaysia, India, and Singapore, with a workforce of over 300 technical experts.

The company delivers seven core service lines: Project Management, Subsurface (geoscience, petrophysics, reservoir engineering, plus the post-APT petroleum geochemistry and basin modelling offering), Well Technology (advanced 3D modelling, CFD, and finite element analysis), Wells (end-to-end lifecycle), Facilities, Decommissioning Solutions, and Training. Revenue is generated on a professional services basis via project-based engagements with IOCs, NOCs, regulators, and energy transition developers, supported by strategic joint ventures with Archer (integrated P&A services) and Iceland Drilling (geothermal project management) and a proprietary eLearning platform, Elemental EDGE, that hosts over 100 technical training modules.

Elemental Energies monetises complex engineering and project management engagements for major energy operators across oil and gas, decommissioning, carbon capture and storage, geothermal, and hydrogen. Disclosed commercial outcomes include a £200M+ NPV improvement and 28% CAPEX saving on the Centrica Rough redevelopment, 10% under-budget delivery on the Energean Adriatic P&A campaign, and on-time, on-budget delivery of Romania's first offshore decommissioning for OMV Petrom. Major named customers include ONGC, INEOS, Trident Energy, Centrica Energy Storage+, Atlantis Holdings, and OMV Petrom. Projected 2024 revenue exceeded £50 million following the Well Expertise acquisition; no pricing or contract terms are publicly disclosed. The company is led by CEO Mike Adams (joined 2023) and CFO Michael Dafforn (joined 2022), and is privately held with no disclosed external investors or parent.

Name

Elemental Energies

Legal name

Elemental Energies

Website

https://elementalenergies.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Elemental Energies is a private, Aberdeen-headquartered engineering and project management firm delivering integrated subsurface, wells, facilities, and decommissioning services to global energy operators across oil and gas, CCS, geothermal, and hydrogen.

Ownership category

akta.pro rank

Product category

Energy Engineering and Project Management Services

NAICS

Engineering Services (541330), Support Activities for Mining (2131), Geophysical Surveying and Mapping Services (541360)

SIC

Services-Engineering Services (8711), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Energy Systems & Power Engineering Consulting (BPAHAIAG)

akta.pro secondary industries

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Oil & Gas / Energy Field Services Staffing (BPACAEAF)

Keywords

• Well engineering services
• Decommissioning solutions
• Carbon capture storage
• Subsurface consulting
• Geothermal project management

Headquarters

HQ city

Aberdeen

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering and Project Management Services: Professional services revenue generated through integrated subsurface, wells, facilities engineering and project management engagements with energy sector clients. Services are delivered on a project basis for exploration, development, operations, decommissioning, CCUS and geothermal projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Elemental Energies delivers integrated engineering and project management services across the energy sector, covering subsurface analysis, well engineering, facilities engineering, and full-lifecycle decommissioning for oil & gas, CCS, geothermal, and hydrogen projects. Services are provided through embedded project teams using proprietary digital tools (Girasol, Elemental EDGE) and innovative well technologies (Bismuth alloy plugs, PWC) to support technical decision-making and execution for major operators globally.

Product overview

Elemental Energies is a global engineering and project management services company providing integrated subsurface, wells, facilities, and decommissioning solutions across the energy sector. The company's service portfolio centers on seven core offerings: Project Management (leading complex energy projects from concept to execution), Subsurface (geoscience, petrophysics and reservoir engineering), Well Technology (advanced 3D modelling, CFD, and numerical analysis), Wells (end-to-end well lifecycle services), Facilities (engineering across asset lifecycles), Decom Solutions (full decommissioning lifecycle), and Training (blended programmes via the proprietary Elemental EDGE platform). Strategic capabilities are augmented through joint ventures with Archer (P&A services) and Iceland Drilling (geothermal), plus the acquired APT geoscience division offering petroleum geochemistry and basin modelling. The company operates across 10 global offices and delivers projects in oil and gas, decommissioning, carbon capture and storage, geothermal, and hydrogen sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Elemental EDGE: Proprietary eLearning platform and training management system delivering technical training modules for well engineering, well integrity and well control
• Elemental Decommissioning Solutions

Products and services

• Project Management Leading delivery of complex energy projects from concept through execution and close-out, providing clear structure, control, and accountability at every stage. Works across onshore, offshore, and subsea developments for major energy operators.
• Subsurface Integrated, insight-led support from exploration to decommissioning, combining geoscience, petrophysics, and reservoir engineering to provide clarity on subsurface conditions. Strengthened by APT acquisition for laboratory-based petroleum geochemistry and basin modelling.
• Wells End-to-end well services across all phases of the well lifecycle — from design and planning through execution and abandonment — across a wide range of environments and global locations.
• Well Technology Advanced analytical methods including 3D modelling, computational fluid dynamics (CFD), and finite element analysis to deliver geomechanical, formation damage, and advanced numerical modelling solutions for well engineering.
• Facilities Integrated facilities engineering from early feasibility through to decommissioning, supporting the full lifecycle of onshore, offshore, and subsea assets.
• Decom Solutions End-to-end decommissioning solutions across the full lifecycle — from late-life operations and strategy to safe removal and disposal — combining project management, engineering, procurement, and execution. Includes access to integrated P&A capacity through the Archer joint venture.
• Training Blended training programmes aligned with industry guidelines, combining eLearning, in-person delivery, and practical scenarios to support skills development across the well lifecycle. Delivered via the Elemental EDGE platform.
• Elemental EDGE eLearning Platform Proprietary eLearning and training management system delivering 100+ technical training modules covering well engineering, well integrity, and well control. Used by clients such as Trident Energy (400+ users trained, 80+ Trident personnel).
• Girasol Digital Tool Wellsite gas interpretation and P&A decision-making tool that integrates geochemistry and containment assurance for late-life assets, supporting subsurface analysis and operational decision support.

Quantifiable outcome

• 200+ MMGBP NPV improvement and 28% CAPEX saving delivered through concept optimization on Rough redevelopment project
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Applied Petroleum Technology (APT)coreStrategic or Co-development Partner · 11 February 2026Acquisition completed February 2026 bringing over 25 years of specialist expertise in petroleum geochemistry and basin modelling. Strengthens integrated subsurface offering, enhancing support for operators across exploration, production and late-life P&A while reinforcing presence in Norway and key international markets. APT's laboratory-based geochemical analysis adds critical subsurface insight alongside traditional geoscience and reservoir engineering workflows.
• Iceland DrillingcoreStrategic or Co-development Partner · 1 January 2025Joint venture launched in 2025 to provide integrated geothermal project management spanning subsurface and well engineering through complete well construction. Combines Elemental Energies' subsurface and well engineering expertise with Iceland Drilling's high-temperature geothermal drilling capabilities and fleet of modern hydraulic rigs. Supports global geothermal market growth with combined corporate track record exceeding 85 years in geothermal.
• ArchercoreStrategic or Co-development Partner · 1 January 2024Joint venture launched in 2024 creating a global alliance to deliver integrated P&A services. Combines Elemental Energies' expert subsurface and well engineering capability with Archer's cutting-edge P&A technology, well services, and platform drilling capabilities. Focuses on well plug and abandonment operations globally.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• TechnipFMC: Subsea and surface well-integrated services provider covering subsea wells, subsea construction and project management for offshore developments. Highly comparable to Elemental on offshore, subsea and deepwater well engineering, particularly for IOC clients in the North Sea and globally.
• Axis Well Technology: Aberdeen-based specialist well engineering and project management consultancy serving international oil and gas operators. Direct head-to-head peer on well operator, drilling support and P&A scopes; competes with Elemental on similar Tier-1 IOC/NOC tenders.
• Xodus Group: Aberdeen-headquartered energy consultancy delivering subsurface, wells, facilities, decommissioning and energy transition advisory services. Highly comparable in geography, customer base (IOCs/NOCs/independents) and service scope; closest head-to-head peer by scale and focus.
• Petrofac: Integrated energy services firm delivering project management, well engineering, facilities and late-life/decommissioning services to IOCs and NOCs. Closely comparable to Elemental in integrated well-to-facilities project delivery and IOC/NOC customer base, though typically operating at much larger EPC scale.
• RPS Group (Tetra Tech): Energy and environmental consultancy providing subsurface, wells, project management and decommissioning services to operators and governments. Strong overlap with Elemental on integrated asset lifecycle work, particularly in UK/Norway and CCS/decommissioning.
• Aker Solutions (including AGR): Through the AGR acquisition, Aker Solutions provides well management, reservoir engineering and subsurface consultancy directly comparable to Elemental's wells and subsurface offering. Significant overlap on North Sea/Norway customers and on integrated well operator services.

Broad incumbents

• SLB (Schlumberger): World's largest oilfield services company with extensive well engineering, drilling, subsurface and project management capabilities, including CCS and digital offerings. Compares to Elemental on wells and subsurface but is a broad incumbent operating across the full upstream services value chain.
• Worley: Global energy project services and consultancy with integrated capabilities across subsurface, wells, facilities, decommissioning, CCS, hydrogen and geothermal. Overlaps with Elemental on most service lines but operates at significantly larger scale across broader geographies.
• Halliburton: Global oilfield services major with deep capabilities in well construction, well integrity, drilling and project management. Overlaps with Elemental's wells and decommissioning offerings, but operates as a broad incumbent with proprietary technology and global rig-/equipment-based service lines.
• John Wood Group: Global energy consulting and engineering major with deep wells, subsurface, facilities, project management and decommissioning capabilities across oil & gas and energy transition. Highly comparable in service mix but vastly larger and broader, making it a broad incumbent rather than a direct head-to-head.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Elemental Energies