Thursday 11 January 2018

Ridge AS, a privately owned high-end well engineering and consultancy company based in Norway, are pleased to announce the acquisition of Ocean Maxwell AS, a Norwegian oil and gas consultancy company owned fully by founder Cecilie Sælen. With this acquisition, Ridge will further enhance the ability of the company to best serve the needs of new and existing customers in the upstream oil and gas industry.

The acquisition of Ocean Maxwell fits perfectly into the Ridge company strategy of providing objective, best-in-class engineering personnel and technical studies to the upstream oil and gas industry. With the purchase, Ridge will be able to offer a wider spectrum of such services to clients in Norway, Denmark, UK, Singapore and the rest of the world.

Ridge will deliver inspired engineering and consultancy services within four main O&G disciplines: Subsurface, Drilling & Wells, Subsea and Facilities. “Ocean Maxwell increases the portfolio of services we can offer to our clients, with their subsea and facilities engineering pool.” says Jarle Veshovde, Managing Director in Ridge. “Our focus as a company continues to be delivery of engineering excellence and the highest quality solutions and advice, which we have become renowned for.”

After the acquisition, Ridge comprises a pool of approximately 80 specialist engineers and consultants, with a projected 2018 turnover exceeding NOK 160 million.

Ridge is now further reinforced as one of the strongest independent specialist consulting companies within the oil and gas technical engineering and consultancy market in Norway, particularly in the E&P segment. A larger engineering team, increased customer base and a strengthened back-office support capability allows for providing a more comprehensive service to the industry.