WellConnection Group signs deal on first UK acquisition
WellConnection Group, a leading Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market.
Thirty years ago, Stein Bergo started out with a single van that he used for on-site inspections of customers’ oil drilling equipment. Today, he works with 145 colleagues in a business group that is experiencing strong growth.
WellConnection has been awarded 2 frame agreements with COSL Offshore Management: An agreement for Preservation Services for Subsea Equipment and a renewal of an existing agreement for Tubular Inspection and Repair services. The agreements cover COSL’s operations on the Norwegian Continental Shelf.