Interwell - About the company
Interwell is a late stage company based in Stavanger (Norway), founded in 1992. It operates as a Provider of well construction and maintenance solutions for the energy sector. Interwell has raised an undisclosed amount in funding from Ferd. The company has 57 active competitors, including 8 funded and 15 that have exited. Its top competitors include companies like NCS Multistage, DeepWell and Innovex.
Company Details
Provider of well construction and maintenance solutions for the energy sector. The company delivers services across wellhead integrity, casing barriers, and completion operations. It offers intervention, plug and abandonment, and renewables and low carbon solutions. The company’s products include sensors, valves, plugs, packers, and associated systems.
- Website
- interwell.com
- Social
- Email ID
- *****@interwell.com
- Registered Address
- Kvernevik Ring 177, 4048, HAFRSFJORD
Key Metrics
Founded Year
1992
Location
Stavanger, Norway
Stage
Late Stage
Latest Funding Round
Investors
Ranked
15th among 57 active competitors
Employee Count
739 as on Apr 30, 2026
Legal entities associated with Interwell
Interwell is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
INTERWELL AS CIN: 995927470 , Norway, Active | Jun 08, 2010 | $292M (As on Dec 31, 2024) | - | |
Interwell Norway As CIN: 980404048 , Norway, Active | Dec 13, 1998 | - | 289 (As on Dec 31, 2022) | |
Interwell As CIN: 995927470 , Norway, Active | Sep 05, 2010 | - | 11 (As on Dec 31, 2022) |
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Interwell's funding and investors
Interwell has raised funding over 1 round. Its latest funding round was a PE round on Oct 13, 2010 for $*****. 1 investor participated in its latest round. Interwell has 1 institutional investor.
Here is the list of recent funding rounds of Interwell:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 13, 2010 | 5152126 | PE | 5361424 | 3245235 | 6466086 | 1500301 |
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Interwell's founders and board of directors
Founder? Claim ProfileInterwell's employee count trend
Interwell has 739 employees as of Apr 26. Here is Interwell's employee count trend over the years:
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Interwell's Competitors and alternates
Top competitors of Interwell include NCS Multistage, DeepWell and Innovex. Here is the list of Top 10 competitors of Interwell, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NCS Multistage 2006, Houston (United States), Public | Independent technology and services company specializing in multistage completions | $20M | 59/100 | |
2nd | Well intervention company primarily providing wireline services to oil companies | $46.2M | 52/100 | ||
3rd |  Innovex 2016, Houston (United States), Public | Provider of construction management services | - | 52/100 | |
4th |  ERCE 2010, Croydon (United Kingdom), Unfunded | Oil and gas reservoir evaluation services provider | - | - | 49/100 |
5th | Software and hardware products for oilwell intervention and completion operations | $3M | 48/100 | ||
6th | Optime Subsea 2005, Notodden (Norway), Acquired | Provider of services and systems for well construction and intervention | - | 43/100 | |
7th | Well analysis, production data, and site assessment service provider | - | - | 42/100 | |
8th | Comitt Well Solutions 2014, Katy (United States), Series A | Provider of down hole hydraulic tools | $13M | 41/100 | |
9th | Provider of robots, AI, and IIoT based solutions for mining industries | $13.4M | 40/100 | ||
10th | READ Cased Hole 1984, Shoreview (United States), Acquired | Cased hole logging services partner, empowering energy sector with well solutions | - | 37/100 | |
15th | Provider of well construction and maintenance solutions for the energy sector | - | 33/100 |
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Interwell's Investments and acquisitions
Interwell has acquired 3 companies including ICONIC, Petroleum Technology Company and CannSeal. Interwell has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 16, 2023 | Acquisition | 2016 | Sandnes (Norway) | |
May 02, 2022 | Acquisition | 2002 | Stavanger (Norway) | |
Nov 05, 2020 | Acquisition | 2008 | Stavanger (Norway) |
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