Ardyne launches with acquisition of Wellbore AS (Scandinavian Oil-Gas Magazine)

Ardyne launches with acquisition of Wellbore AS

Published Feb 9, 2016

Alan Fairweather - CEO, Ardyne

New oilfield services company Ardyne has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition.

Headquartered in Aberdeen, Ardyne will specialize in the provision of downhole products and services for plug and abandonment (P&A) and slot recovery operations in the global oil and gas sector.

To accelerate its growth, Ardyne has acquired Wellbore AS, a Norwegian oil service company that is a leading provider of downhole tools for casing cutting and pulling. Established in 2004, Wellbore has 29 employees and offices in Tananger, Bergen and Aberdeen.

Tags: Ardyne

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