Interwell

Stavanger, Norway Founded: 1992 • Age: 34 yrs
Provider of well construction and maintenance solutions for the energy sector
Annual revenue $292.4M Latest available
Total funding - 1 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Interwell

Interwell is a company based in Stavanger (Norway) founded in 1992. Interwell has completed 3 acquisitions, including CannSeal, Iconic and Petroleum Technology Company. Interwell operates in a competitive market with competitors including NCS Multistage, Getech, DeepWell, Zyfra and Optime Subsea, among others.

  • Headquarter Stavanger, Norway
  • Sectors
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $292.45 M (USD)
    -2
    as on Dec 31, 2024
  • Net Profit
    $34.18 M (USD)
    -30
    as on Dec 31, 2024
  • EBITDA
    $47.83 M (USD)
    -33
    as on Dec 31, 2024
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
    CannSeal

    & 2 more

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People of Interwell

Headcount 200-500
Employee Profiles 30
Employee Profiles
People
Oddbjørn Vagle
Department Manager - Intervention Products
People
Mohammed al Shaikh Ahmed
Financial Accountant
People
Harald Fordedal
MENA Business Line Manager Intervention & P&a
People
Britt Aadnøy
Vice President Human Resources

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Funding Insights of Interwell

Investors in Interwell

Interwell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ferd.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital is directed by Ferd toward impact investing goals.
Locked Locked Locked
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Investor details for Interwell

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Interwell

Interwell has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CannSeal, Iconic and Petroleum Technology Company.

Investments
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Investment portfolio details for Interwell

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  • Transaction dates
  • Round details
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Wireless monitoring products for oil and gas are developed.
Locked Locked 2016 Locked
Annular isolation technology is provided for enhanced oil recovery.
Locked Locked 2008 Locked
Gas lift valves, chemical injection, and software tools are manufactured.
Locked Locked 2002 Locked
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Complete acquisition details for Interwell

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  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - Interwell

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Detailed financials for Interwell

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Interwell Comparisons

Interwell Primary company
Description
Provider of well construction and maintenance solutions for ...
Location
Stavanger, Norway
Founded Year
1992
Annual Revenue
$292.45 M (USD)
Net Profit
$34.18 M (USD)
EBITDA
$47.83 M (USD)
Employees
Not available
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Peer comparison for Interwell

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
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Competitors of Interwell

Interwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NCS Multistage, Getech, DeepWell, Zyfra and Optime Subsea, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Independent technology and services company specializing in multistage completions
Locked Locked Locked
Oil rigs datasets are provided to enterprises for exploration analysis.
Locked Locked Locked
Wireline services for well interventions are supplied to oil companies.
Locked Locked Locked
Provider of robots, AI, and IIoT based solutions for mining industries
Locked Locked Locked
Subsea well completion and intervention systems are developed and supplied.
Locked Locked Locked
Oil well stimulation and fracturing services are provided to clients.
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Detailed competitors of Interwell

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Latest news on Interwell

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Complete news archive for Interwell

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  • Brand-specific news history

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Frequently Asked Questions about Interwell

Interwell was founded in 1992 and raised its 1st funding round 18 years after it was founded.

Interwell is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.

Thormod Langballe is the current CEO of Interwell.

Annual revenue of Interwell is $292.45M as on Dec 31, 2024.

Interwell was founded in 1992 in Stavanger, Norway, as a provider of solutions in the energy sector. Services are delivered in wellhead integrity, casing barriers, completion operations, intervention, plug and abandonment, as well as renewables and low carbon initiatives. Products such as sensors, valves, plugs, packers, and related systems are offered to support these operations.

Interwell's top competitors include NCS Multistage, DeepWell and Optime Subsea.

Interwell has made 3 acquisitions, including CannSeal, Iconic, and Petroleum Technology Company.

Interwell has 1 investor. Key investors include Ferd.

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