Norvestor invests in HydraWell

Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”), funds managed by Norvestor Equity AS, has signed an agreement to invest in Hydra Well Intervention AS (“HydraWell”)

HydraWell is a rapidly growing well integrity specialist providing a range of step-changing proprietary tools and associated services to oilfield operators and services integrators. HydraWell specialises in safe and highly efficient plugging & abandonment (“P&A”), slot recovery and well repair. The company has developed its technology and products in close collaboration with leading operators on the Norwegian Continental Shelf (“NCS”), and has successfully placed more than 150 plugs in wells across the globe since 2010.

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