Swarfix As

What Swarfix As does

Swarfix AS is a Norwegian private limited company headquartered in Hafrsfjord (Stavanger region) that develops and operates the patented Swarfix® WCT (Well Cleaning Tool), an active downhole swarf collection system for milling operations in oil and gas wells. The technology is built around four proprietary mechanical components — an anchor sub, a self-cleaning magnet sleeve, a conveyor screw, and a high-capacity pressure-balanced sealed container — that together capture, store, and secure 100% of metallic swarf downhole during milling, preventing any swarf from circulating through the BOP or reaching surface. The product line comprises the WCT 1338 (for 13 3/8"-14" casing exits, with containers up to 420L) and the WCT 958 (for 9 5/8"-10 3/4" casing exits, 163L container), with the WCT 1858 (18 5/8"-20") in development for Q3 2026.

The company operates a managed-service business model, owning and deploying the WCT equipment itself under multi-year service contracts rather than selling or licensing the tool. Revenue is generated through direct contracts with oil and gas operators — most prominently a 4-year framework agreement with Equinor awarded in April 2023 with three 2-year extension options — supplemented by operations for Vår Energi and CNOOC International. Customers are major IOCs and NOCs on the Norwegian and UK Continental Shelves, served via enterprise field sales with technical demonstrations, pilot qualification (TRL4-TRL7), and long-term contracting. GTM is relationship-driven, led by General Manager Terje Skeie and Business Development Manager Øyvind Hjorteland, with 90+ offshore operations executed, 55,000+ kg of swarf collected downhole, and a team of 16 employees as of February 2026 following relocation to expanded Kvernevik facilities. Swarfix developed the technology in cooperation with Equinor, Innovation Norway, and the Norwegian Research Council, and has received Deloitte Technology Fast 50 (1st Vestland, 3rd national) and DN Gaselle 2025 recognition.

Name

Swarfix As

Legal name

Swarfix AS

Website

https://swarfix.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Swarfix AS is a Norwegian oilfield services company that operates the patented Swarfix WCT downhole swarf collection tool under managed-service contracts with oil and gas operators on the Norwegian and UK Continental Shelves, with Equinor as its anchor customer.

Ownership category

akta.pro rank

Product category

Oilfield Equipment (Downhole Tools)

NAICS

Commercial and Service Industry Machinery Manufacturing (33331)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Pressure Vessels, Columns & Storage Tanks (ASME/Process Vessels) (IMAHAEAF)

akta.pro secondary industry

Seals, Gaskets & Fluid Connectors (O-rings, packings, rotary seals, quick couplers) (IMAHAGAI)

Keywords

• Downhole swarf collection
• Well cleaning tools
• Whipstock milling solutions
• Oilfield intervention equipment
• Downhole tool services

Headquarters

HQ city

Sola

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Downhole Swarf Collection Service: Provides downhole swarf collection service during milling operations. Revenue generated through service contracts with oil and gas operators. The company owns and operates the equipment, providing the service as a managed service. Contract-based revenue with 4-year terms and extension options.
2. Equipment Rental/Service Contracts: Long-term service agreements with operators (e.g., 4-year contract with Equinor with 3 options for 2 additional years each). Revenue derived from providing the Swarfix WCT service, tool preparation, and operational support.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Swarfix develops and delivers the patented Swarfix® WCT (Well Cleaning Tool), a family of downhole mechanical tools that actively capture, store, and secure metallic swarf in a sealed container during milling operations, preventing any swarf from circulating through the BOP or reaching the surface. The tools are provided to oil and gas operators and service companies as a managed service on the Norwegian and UK Continental Shelves, with product variants sized for 9 5/8"-10 3/4", 13 3/8"-14", and (in development) 18 5/8"-20" casing exits.

Product overview

Swarfix AS offers a portfolio of patented downhole swarf collection tools under the Swarfix WCT (Well Cleaning Tool) brand. The product line includes the Swarfix WCT 1338 for 13 3/8"-14" casing exits and the Swarfix WCT 958 for 9 5/8"-10 3/4" casing exits, both using an active capture system with anchor sub, self-cleaning magnet sleeve, conveyor screw, and sealed high-capacity container to collect 100% of milling swarf downhole. A third model, the WCT 1858 for 18 5/8"-20" casings, is under development. The technology is developed in cooperation with Equinor, Innovation Norway, and the Research Council of Norway.

Differentiator

Problem solved

Functional benefit

Products and services

• Swarfix WCT 1338 Patented downhole Well Cleaning Tool designed for 13 3/8"-14" casing exits during whipstock and window milling operations. Actively captures, stores, and secures metallic swarf in a high-capacity sealed container (420L/375L/320L options) downhole, eliminating swarf circulation through the BOP and any offshore manual handling. Tool length 12.97m (420L), weight 2300kg, max OD 12 1/8", max RPM 120 (140 for up to 30 min), max flowrate 3000 lpm during milling. Provided as a managed service to oil & gas operators and service companies.
• Swarfix WCT 958 Compact downhole Well Cleaning Tool for 9 5/8"-10 3/4" casing exits, delivering the same active swarf capture performance as the 1338 model in smaller casing sizes. Features a 163L sealed swarf container (~350kg ± 50kg), tool length 13.14m, weight 1270kg, max OD 8.27", max RPM 140, max flowrate 2200 lpm during milling. Provided as a managed service to oil & gas operators on the NCS and UKCS.
• Swarfix WCT 1858 Next-generation Swarfix Well Cleaning Tool under development for 18 5/8"-20" casing exits, extending the WCT product family to larger casing sizes. Built on the same patented active swarf capture architecture (anchor sub, self-cleaning magnet sleeve, conveyor screw, sealed container). Scheduled for availability in Q3 2026.

Quantifiable outcome

• 90+ operations completed with verified 100% swarf capture in single runs
• +7 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship, core and supporting.

• EquinorflagshipStrategic or Co-development Partner · 24 April 2023Equinor is the primary strategic partner and customer. They collaborated in the development and qualification of the Swarfix WCT technology. Awarded a 4-year service contract (with 3 options for 2 additional years) for downhole swarf collection. Supported technology development from TRL4 through TRL7 qualification. Four successful pilot operations conducted before commercial approval.
• Innovation NorwaycoreStrategic or Co-development PartnerDevelopment partner in the creation and qualification of Swarfix WCT technology. Provided support for bringing the patented downhole swarf collection technology from concept through to commercial deployment.
• The Norwegian Research CouncilcoreStrategic or Co-development PartnerDevelopment partner in the technology development process. Contributed to research and development cooperation that resulted in the patented Swarfix WCT active downhole swarf collection technology.
• Whipstock Service ProviderscoreTechnology or IntegrationTechnology is compatible with all major whipstock service providers. Swarfix WCT has been run in combination with 4 different whipstock vendors in 18+ operations on the Norwegian Continental Shelf. No changes to existing operating procedures required for integration.
• Certified Onshore Waste-Handling VendorssupportingOthersPartner network for onshore waste handling and processing of collected swarf. Metal swarf is processed by certified vendors with opportunities for recycling where applicable. Ensures fully traceable and compliant waste handling process.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hunting PLC: Specialized provider of downhole tools including perforation, milling, and intervention equipment used in upstream oil & gas. Most comparable to Swarfix in terms of being a focused downhole tool specialist with overlapping customer base.
• Archer Limited: Norway-based oilfield services company providing drilling, intervention, and downhole tool solutions to operators on the Norwegian Continental Shelf. Operates in the same regional ecosystem as Swarfix and serves overlapping North Sea customers.

Broad incumbents

• Weatherford International: Global oilfield services provider with extensive downhole tools portfolio including milling, cleanout, and fishing tools that historically address swarf management in milling operations. Broadly competes with Swarfix in the milling intervention value chain but as part of a much wider portfolio.
• Baker Hughes: Major oilfield services and equipment provider with downhole tool offerings relevant to milling and well intervention. Provides overlapping solutions to similar IOC/NOC customers across global geographies.
• Halliburton: Global oilfield services leader offering milling tools, drilling solutions, and downhole services that overlap with Swarfix's value chain. Serves the same operator and service company customers with much broader portfolios.
• SLB (Schlumberger): World's largest oilfield services company providing drilling, milling, and downhole tools including legacy swarf management approaches across global operations. Competes with Swarfix for milling and intervention work, particularly with major IOCs/NOCs.

Others

• Aker Solutions: Norway-headquartered oilfield services, engineering, and subsea solutions provider serving North Sea operators. Compares to Swarfix as a Norwegian oil & gas services participant, though with vastly broader scope and scale.
• Core Laboratories: Provider of reservoir description and production enhancement services to the oil & gas industry, including diagnostic and intervention-related offerings. Adjacent to Swarfix's customer base with overlapping oilfield services economics.

Regional players

• Odfjell Drilling: Norway-based drilling contractor and well services provider operating primarily on the Norwegian Continental Shelf and UK Continental Shelf. Comparable geographic footprint and customer base to Swarfix, with overlapping exposure to North Sea upstream activity.

Emerging players

• TDE Group AS: Norwegian provider of specialized downhole tools and equipment for the oil & gas industry including milling tools. Comparable as a niche specialist in the same North Sea ecosystem serving similar operator customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/swarfix-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Swarfix As