Odfjell Technology to Buy Majority Stake in Well Intervention Firms
Odfjell Technology has agreed to acquire a 70% ownership stake in Kaseum Holdings and Razor Oiltools, two companies focused on lightweight intervention and plug and abandonment (P&A) services. The acquisition is aimed at strengthening Odfjell Technology’s position in technology-led, higher-margin services, amid increasing activity in P&A and intervention driven by ageing oil and gas fields
