SLB has completed its acquisition of HydraWell Intervention AS, a Norway based company known for its advanced solutions in well abandonment and integrity management
This move strengthens SLB’s position in the growing field of well intervention and supports its focus on delivering practical and efficient solutions for the energy sector.
HydraWell brings with it a specialised approach to plug and abandonment, often referred to as P and A. Its core technology, known as perforate, wash and cement, offers a different way of sealing wells. Instead of relying on traditional methods that often involve heavy mechanical work, this process creates strong barriers within the well structure in a more direct and controlled manner. The result is a simpler operation that reduces both time and cost.
“This acquisition represents an important step in SLB’s strategy to deliver transformative solutions for our customers,” said Frederik Majkut, president, Reservoir Performance, SLB. “By integrating HydraWell’s groundbreaking technology with the global expertise and intervention capabilities of SLB, we are uniquely positioned to redefine operational efficiency and cost-effectiveness in well decommissioning and other well integrity remediation challenges.”
The technology developed by HydraWell has already been tested in real field conditions and supported by detailed modelling. It allows for effective cleaning of the well and careful placement of barriers, ensuring long term safety and performance. By removing the need for complex steps such as casing removal, it offers a more straightforward solution for operators managing ageing wells.
This acquisition also gives SLB the ability to offer flexible services across different types of well work. While it is designed for permanent closure, the same approach can also support other tasks such as zonal plugging and general well repair. This makes it useful for companies aiming to maintain efficiency while meeting strict environmental and regulatory standards.
As the demand for responsible well closure continues to rise, SLB is positioning itself to meet these needs with modern and reliable solutions. The addition of HydraWell strengthens its ability to support customers through every stage of a well’s life cycle.
