Well Expertise
- Company typePrivate
- Founded2016
- HeadquartersStavanger, Norway
- Headcount101–250
- GTM typeB2B
- OfferingServices
Well Expertise firmographics
Firmographics- Name
- Well Expertise
- Legal name
- Well Expertise AS
- Website
- https://wellexpertise.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Well Expertise industry classification
Industry- Product category
- Oil & Gas Well Management Services
- NAICS
- Support Activities for Mining (2131), Management, Scientific, and Technical Consulting Services (5416), Environmental Consulting Services (54162)
- SIC
- Oil & Gas Field Services, Nec (1389), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Well Intervention, Workover & Integrity Management (EUALAAAJ)
- akta.pro secondary industries
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), CO₂ Storage Well Engineering & Services (Drilling, Completion, Workovers, Integrity) (EUABAHAI), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)
Keywords
Where Well Expertise is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Offices4 records
Markets served
Well Expertise business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Well Management Services: Full or customer tailored well management solutions provided to E&P companies. Services include onshore and offshore teams during planning and operations, applications to PSA/NEA, procedures for operator approval, frame agreements with service providers, tender and award for drilling and logistics services, audits and verifications, risk assessments, logistics and marine management, and reporting.
- Project-Based Contracts (PP&A): Plugging and Abandonment (PP&A) contracts for specific wells, such as the contract for four wells (Skrine, Byggve, Atla and Vale) with TotalEnergies and Sval Energi.
- Long-term Service Agreements: Multi-year service contracts such as the 5-year contract with OMV AS for ongoing services support.
- CCS (Carbon Capture and Storage) Services: Advisory and management services for CCS projects including legislative frameworks, project planning, cost estimation, site identification, well design, and monitoring.
- Consultancy Services: Single placement consultants or teams for well planning, drilling operations, subsurface disciplines, subsea engineering, and HSSEQ support. Delivered to operators on Norwegian Continental Shelf.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Well Expertise product offering
Product offeringCore offering
Well Expertise provides a one-stop shop for oil and gas exploration and production (E&P) projects covering exploration, appraisal, development, plugging and abandonment (PP&A), and carbon capture and storage (CCS), including dedicated consultancy services. The firm delivers full or tailored well management solutions, deploys onshore and offshore teams during planning and operations, manages applications to Norwegian authorities (PSA/NEA), runs frame agreements with service providers, handles logistics and marine management, and supplies proprietary digital management software to streamline regulatory, environmental, and operational reporting.
Product overview
Well Expertise provides a one-stop shop for projects related to exploration, appraisal, development, PP&A (Plug and Abandonment), and CCS (Carbon Capture and Storage), including consultancy services. The company offers a portfolio of proprietary software modules including WE Report (incident reporting), R²S (regulatory tracking), WEMS (document management), CMS Portal (chemical management), CFReport (environmental footprint), Well Lessons Learned, and SmartBlue (autonomous marine surveillance developed with Raytheon). These are supported by the WEConnect collaboration platform. Beyond software, Well Expertise delivers integrated service offerings in ESG & Sustainability, E&P Well Management, CCS, Consultancy Services, Logistics & Marine, and QHSE Services. The company was acquired by Elemental Energies in July 2024 and operates from offices in Stavanger/Randaberg (head office), Trondheim, and Kristiansund, Norway.
Differentiator
Problem solved
Functional benefit
Products and services
- ESG & Sustainability Services Advisory services for integrating sustainability into core business, including ESG reporting, sustainability advisory, and alignment with EU requirements, banks, investors, NGOs, and government stakeholders. Targeted at E&P companies needing sustainability integration.
- E&P Well Management Services Full or partial Well Management solutions including onshore and offshore teams during planning and operations, applications to PSA/NEA, frame agreements with service providers, risk assessments, logistics and marine management, and environmental reporting. Targeted at E&P operators on the Norwegian Continental Shelf and internationally.
- CCS Services Advisory and management services for CCS projects including legislative frameworks, project planning, cost estimation, carbon storage site identification, QAQC, injection test well design, observation well design, and flow assurance. Targeted at operators and partners developing CCS projects.
- Consultancy Services Single placement consultants or teams for Well Planning and Drilling Operations, Subsurface disciplines, Subsea Engineering, and HSSEQ Support. Delivered to operators on the Norwegian Continental Shelf. Post-WellPartner acquisition, the Consultancy Department comprises approximately 30 specialists with projected 2023 turnover exceeding NOK 70 million.
- Logistics & Marine Services Turn-key provider of marine services and logistic support including rig planning and operations, vessel intake and inspection, helicopter planning, supply base and freight management, and marine surveillance systems. Uses the WELS logistics software for personnel, equipment, bulk planning, vessel operations, helicopter booking, and supply base management.
- QHSE Services QHSE management, ESG reporting, sustainability advisory, ISO 14001 certification preparation, CO2 quota procedures, environmental footprinting, risk assessments, chemical management, and oil spill contingency plans. Targeted at E&P operators requiring compliance and sustainability support.
Quantifiable outcome
- HPHT Campaign for DNO and Wellesley resulted in 2 major discoveries with zero incidents and both wells drilled below AfE approval
- +2 more outcomes
Companies that use Well Expertise
Customer profileNamed customers6 records
Segments1 record
Well Expertise technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature8 records
Well Expertise partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, minor and strategic.
- Elemental EnergiescoreLeading independent wells and subsurface specialist Elemental Energies acquired Well Expertise AS. The acquisition forms one of the world's largest specialist wells, subsurface and project management companies with more than 230 experts worldwide. The strategic move is expected to generate revenues exceeding £50 million in 2024. For Well Expertise, its team and clients benefit from access to extensive track record of delivering complex global energy projects across oil and gas, decommissioning, geothermal, and CCS.
- WellPartner Consulting AScoreWell Expertise AS acquired WellPartner Consulting AS, a Norwegian oil and gas consultancy company. The acquisition enables offering a wider spectrum of consultancy services including Engineering and Consultancy Services within Drilling and Wells, Subsurface, Subsea, Drilling Support and HSEQ Advisory. After acquisition, the Consultancy Department comprises approximately 30 specialists.
- Exploro, Nautilus and OrecminorWell Expertise signed a cooperation agreement with Exploro, Nautilus and Orec to collaborate on industry projects and solutions.
- Oliasoft AScorePartnership with Oliasoft AS for software solutions to improve well planning processes. Oliasoft provides intuitive native cloud-based solutions for well design and planning. Use of Oliasoft has resulted in better cooperation between disciplines and helped break down silo thinking in traditional projects.
- RaytheonstrategicWell Expertise developed a fully autonomous marine surveillance system (SmartBlue) in cooperation with Raytheon. The system monitors a watch circle without people and alerts if intrusion occurs from either radar or AIS tracks. Benefits include installation as part of rig intake, known and confirmed surveillance solution for AfC submissions, and integration into emergency response systems.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
Well Expertise competitors and assessment
Company assessmentBroad incumbents
- Halliburton: One of the world's largest oilfield services companies with comprehensive drilling, evaluation, and completion services. Halliburton competes broadly with Well Expertise on integrated well management projects and on software/digital offerings in the well planning space.
- Aker Solutions: Major Norway-headquartered engineering and EPC services provider to the energy industry. While much larger and broader in scope (subsea, field development, decarbonization), Aker Solutions competes with Well Expertise on integrated well delivery and field development projects on the NCS.
- SLB (Schlumberger): Global oilfield services giant offering drilling, completion, production, and digital solutions across the entire well lifecycle. While vastly larger, SLB competes with Well Expertise for well management contracts and brings significant resources to bear on HPHT and P&A tenders.
Direct peers
- AGR (AGRA): Norway-based well management and reservoir consultancy serving E&P operators with HSEQ, drilling, subsurface and P&A services. AGR is one of the closest direct competitors to Well Expertise on the Norwegian Continental Shelf and competes head-to-head on frame agreements and tenders.
- IKM Group: Norwegian oilfield services group providing engineering, subsea, ROV, and well intervention services. Overlaps with Well Expertise in engineering consultancy and offshore well operations across the NCS and internationally.
- Expro Group: Global provider of well construction, well flow management and intervention services. Expro's well construction and intervention capabilities overlap with Well Expertise's well management and P&A offerings, particularly on mature field and decommissioning projects.
- Archer Limited: Global well services and integrated platform management company headquartered in Norway. Competes with Well Expertise in well intervention, P&A, platform drilling, and engineering services for oil and gas operators worldwide.
- Elemental Energies: Well Expertise's parent company following the July 2024 acquisition. Elemental Energies is a leading independent wells and subsurface specialist offering the same well management, drilling, subsurface, and project management services globally across oil & gas, decommissioning, geothermal, and CCS — directly overlapping Well Expertise's service portfolio.
Regional players
- Odfjell Drilling: Norway-based harsh-environment drilling contractor operating rigs on the NCS and internationally. While primarily a rig owner rather than a well management consultancy, Odfjell partners with — and competes for — the same operator well programs that Well Expertise manages.
Emerging players
- Tendeka: Specialist wellbore technology and completions company offering sand management, zonal isolation, and production optimization. Tendeka competes with Well Expertise on completions engineering consultancy and on technology-enabled well interventions, though at smaller scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Well Expertise social profiles
Digital presenceWell Expertise compliance and trust
Trust signalCompliance1 record
Well Expertise financial estimates
Financial estimateRevenue estimate
Valuation estimate
Well Expertise leadership team
Management profileNumber of profiles
Well Expertise subsidiaries and ownership
Company hierarchySubsidiaries1 record
Well Expertise funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Well Expertise M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Well Expertise
What does Well Expertise do?
Well Expertise provides a one-stop shop for oil and gas exploration and production (E&P) projects covering exploration, appraisal, development, plugging and abandonment (PP&A), and carbon capture and storage (CCS), including dedicated consultancy services. The firm delivers full or tailored well management solutions, deploys onshore and offshore teams during planning and operations, manages applications to Norwegian authorities (PSA/NEA), runs frame agreements with service providers, handles logistics and marine management, and supplies proprietary digital management software to streamline regulatory, environmental, and operational reporting.
Is Well Expertise a public or private company?
Well Expertise is a private company. It is classified as corporate owned and is currently acquired.
When was Well Expertise founded?
Well Expertise was founded in 2016. It employs 101 to 250 people.
Where is Well Expertise based?
Well Expertise is headquartered in Stavanger, Norway, in the Europe region.
How does Well Expertise make money?
Five revenue lines are on record. Well Management Services are the primary driver. The others are project-Based Contracts (PP&A), long-term Service Agreements, CCS (Carbon Capture and Storage) Services and consultancy Services.
Who are Well Expertise's main competitors?
Broad incumbents on record are Halliburton, Aker Solutions and SLB (Schlumberger). Direct peers are AGR (AGRA), IKM Group, Expro Group, Archer Limited and Elemental Energies. Odfjell Drilling is listed as a regional player. Tendeka is listed as an emerging player.
Does Well Expertise have an API?
No public API is recorded for Well Expertise.
What industry is Well Expertise in?
Well Expertise's product category is Oil & Gas Well Management Services. Its primary akta.pro industry code is EUALAAAJ, Well Intervention, Workover & Integrity Management, with a secondary code of EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 2131 and its SIC code is 1389.