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NOV acquires Hellenes to strengthen drilling waste treatment portfolio

NOV and Hellenes have combined to provide advanced drilling waste treatment technologies that reduce costs and minimize environmental impact.

Animation of Hellenes wellsite waste treatment dispoal

Feb 21, 2024

NOV is pleased to announce that it has acquired Norway-based Hellenes AS and Scotland-based Hellenes Limited (together, “Hellenes”). As a leading drilling waste treatment technology provider, Hellenes brings field-proven solutions and expertise to NOV’s portfolio of drilling waste treatment and solids control products and services.

Employees in Førde, Norway, and Peterhead, Scotland, will join NOV’s WellSite Services business unit. Manufacturing and other operations will continue at the yard in Førde and the facility in Peterhead, respectively.

“Over the past few years, NOV has promoted our drilling waste technology globally under the iNOVaTHERM™ brand. We have enjoyed working together and are proud to join NOV,” said Agnar Hellenes, CEO of Hellenes AS. “The success of iNOVaTHERM and NOV’s commitment to reducing emissions and improving industry sustainability will greatly benefit our employees and the Førde community.”

NOV’s iNOVaTHERM incorporates Hellenes’ thermal desorption technology to efficiently treat oil-based drilling waste at the wellsite for safe and environmentally compliant disposal. Treating waste at the source reduces transportation requirements, minimizing costs and related carbon emissions.

Leveraging NOV’s global footprint and infrastructure, along with Hellenes’ waste treatment technology, enables us to help our customers improve drilling operations safety and environmental performance worldwide.