Petroleum Technology Company (PTC), founded in Norway in 2002, provides innovative gas lift, chemical injection and wellhead VR profile based monitoring, intervention and control solutions to the oil and gas industry worldwide. PTC has a staff of 145 employees with offices in Norway, UK, Abu Dhabi, US and Brazil. In addition, PTC works through partners in Oman and Saudi Arabia. PTC’s current client base includes many of the world’s largest and most demanding IOC’s and NOC’s.
After receiving all of the necessary regulatory approvals, Petroleum Technology Company AS (“PTC”) officially became an Interwell company on the 25th of May 2022. The feedback received from our clients and other stakeholders thus far has been overwhelmingly positive as the transaction brought together two successful engineering focused service companies with market leading technology.
Interwell in brief
Interwell develops and offers sealing and well integrity solutions. Their products help operators achieve the highest possible rate of recovery of hydrocarbons while reducing operational complexity, risk and environmental footprint. Existing wells make up the bulk of the customer base, where the products are used throughout the well’s life cycle up to and including final closure. Interwell also offers applications to energy transition technologies related to hydrogen, - and carbon storage and geothermal wells. All products are based on a circular business model where all reusable equipment will be utilized.