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History

Inspiration for the company was rooted initially in 1992 and the organic growth has been built around the development of a strong design led engineering department combined with a corresponding operational department.

 

We focus on exceeding the latest qualification requirements of our customers and have built a solid run-record for our products and services. As a result we are one of the major suppliers of plugs and straddles to North-Sea clients.

 

The company has already begun its journey of international growth by teaming up with Ferd Capital in 2010 and is looking forward to a successful future for ourselves and our customers.

Company HistoryProduct History
2012

2012:  Interwell US established

2012: Developed HET Plug


2011

2011: Interwell launched

 

February: Interwell UK established  

2010

2010: Welldeco AS terminated.

 

2008

2008:  Developed IDHSVC

2008: PI Middle East established 

 

2007

2007: First HEX plug

2006

2006: Welldeco acquired

2005

2005: Well Technology Group established.
 

2003

2003: First HPHT plug Development project with Statoil.

2002

2002: Developed ME Bridge Plug

1998

1998-2000: First Gauge hanger.

Originally a plug project.

1998-2003: PI owned by Peak Well Solutions (51%).

1998-2002: BTU owned by Aker Well Service (68%).

1998: PI founded in Stavanger


1997

1997-1998: First Straddle.

1996

1996-1998: BTU owned by Aker Well Service (34%) and Trøndelag Vekst (34%).

1994

1994-1997:First High Expansion Bridge Plug (HEB). In use until 2002 management buy-out from Aker Well Service.

1992

1992:BTU founded in Trondheim as a spin-off from NTNU.

 

Interwell

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