WSG Energy Services has announced the sale of its Well Intervention division, a move that will pave the way for investment and expansion for the rebranded company. WSGES plans to use the funds raised from the sale to fuel its international expansion in the Process, Pipeline & Industrial Services (PPIS) sector. The Netherlands-based company, which already has a strong global presence, aims to establish a permanent presence in North America to capitalize on recent project successes. The sale proceeds will also be allocated towards acquisitions and research and development (R&D) efforts to enhance the company’s emissions management processes and technologies. WSGES is focused on meeting the demand from energy companies seeking to reduce emissions and achieve net-zero goals.
Founded in 2005, WSG initially specialised in coiled tubing and slickline services before expanding its offerings to become the largest independently owned provider of process, pipeline, and industrial services to the UK and European refining and LNG sectors. Geert Prins, the company’s founder, will remain involved as Chairman, while Andrew Burrell continues in his role as CEO to lead the global growth of WSG Energy Services.
WSGES has recently made strategic acquisitions, including Eftech International in Perth, Australia, and a management team in Singapore, which have expanded its market share in Australasia and extended its service offering to the European gas and petrochemical sectors through the acquisition of Nitrovia, based in France.
Andrew Burrell, CEO of WSG Energy Services, expressed confidence in the future success of the Well Intervention division under its new ownership. He highlighted the company’s long-term strategy of focusing on midstream/downstream operations, specifically in Process, Pipeline, and Industrial services. With recent acquisitions and increased investment, WSGES is well-positioned to grow its business. Burrell emphasized the company’s commitment to R&D and its innovative emissions management capabilities, which present significant opportunities in the energy transition sector.
Geert Prins, Chairman of WSG Energy Services, spoke highly of the Well Intervention division’s new owner, Excellence Logging, and its potential for continued success in the upstream sector. Prins expressed confidence in the leadership of Andrew Burrell and the highly experienced international management team to drive the company’s future growth. He highlighted the importance of diversification into alternative sectors and the development of new products to address emissions management, aligning with the energy sector’s commitment to sustainability. Prins teased exciting developments in the pipeline for WSGES.
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