The integrated subsurface, wells and facilities specialist has acquired Applied Petroleum Technology AS (APT), a geoscience company in a move which strengthens Elemental’s existing subsurface capabilities.
APT provides basin modelling and subsurface analysis to support well exploration, production and plug and abandonment decisions. The acquisition helps Elemental create an integrated team spanning geoscience, reservoir engineering, geochemistry and petroleum engineering.
The acquisition meets rising demand for deeper subsurface insights, with APT’s laboratory-based geochemical analysis adding a critical layer of subsurface insight to Elemental’s offering alongside traditional geoscience and reservoir engineering workflows.
APT will also bring established digital tools to Elemental’s portfolio, including Girasol which is used for wellsite gas interpretation and P&A decision-making.
Mike Adams, CEO of Elemental Energies, said, “As subsurface decisions become more complex across mature assets, decommissioning and CCS, we are continuing to invest in specialist capabilities that help our clients make more informed decisions. Bringing APT into Elemental Energies expands out subsurface and geochemistry expertise, creates new opportunities for our teams and strengthens our ability to support clients at every stage of the asset life cycle.”
Helge Nyrønning, CEO of APT, commented, “APT has always focused on delivering high-quality geochemical insight to support critical subsurface decisions. Becoming part of Elemental Energies is an exciting next step for our business and our people. It gives us the scale, reach and multidisciplinary environment to grow our capabilities, work more closely with clients we already know well, and apply our geochemistry expertise within fully integrated subsurface and wells team, particularly form our strong base in Norway.”
