Sign up for email updates

To ensure you're always up to date on the latest news and guidance in the Offshore Energies industry sign up.

Email updates
Member News02nd Nov 2020

Well-Safe Solutions secures major investment

Following the recent acquisition of its second asset, Well-Safe Solutions has secured a significant £26 million investment to fund the next phase of its growth plan.

The further investment into the decommissioning company was led by MW&L Capital Partners, following the group’s initial investment of £66 million in Well-Safe in October 2019.

Well-Safe CEO, Phil Milton, added that the continued support of MW&L and existing shareholders, including the direct investment clients of Stonehage Fleming, would enable the company to bring the Well-Safe Guardian and Well-Safe Protector into operation in the spring of 2021. The company also aims to add further assets to its fleet, supporting a campaign-based approach to decommissioning. Read more…