Nasdaq Newcomer Sees Growth for Oil Well Logging Technology -- Interview

By Anthony Harrup

Oil well logging technology company GOWell Energy Technology sees increasing demand for its equipment and expects its recent listing on Nasdaq to help in its bid to grow, according to the company's chief executive.

GOWell Energy Technology began trading on Nasdaq at the end of September following a business combination with Inflection Point Acquisition Corp. V, a special purpose acquisition company.

The company designs and manufactures equipment to monitor for leaks, corrosion, or other defects in wells. It doesn't provide field services, but oil-field services companies deploy its technology, CEO Guillaume Borrel said in an interview.

GOWell's latest technology stays within the tubing of a well and can see behind the outer casing without the need to remove the tubing, Borrel said. "That's massive savings and these are our innovations."

GOWell, with headquarters in Singapore and a principal office in Houston where it carries out its research and development, expects to see solid sales growth amid strong demand for well logging.

Its main operating subsidiary reported revenue of $33.8 million, a 43% increase over the first half of 2025, and for the full year expects revenue between $60 million and $68 million, up from $47.2 million in 2025.

Advantages of GOWell's decision to go public include greater visibility in the global marketplace and easier access to capital markets if needed for organic growth or to pursue acquisitions, Borrel said. "We do have an ambitious M&A program and plan."

Among the reasons for the optimism is the demand for well logging technology, particularly at a time when energy security is becoming of major importance, he said. That is driving focus on getting more out of existing infrastructure.

"The wells we have already in the ground, can we open them a bit more, can we squeeze a few more drops out? Can we go back into them and start them up again if they've been shut in?" Borrel said.

That requires well integrity.

"We need to make sure the hydrocarbon stays where it needs to be inside the tubing, and doesn't leak outside, or stuff on the outside doesn't leak inside," Borrel said. "Any operator tries to protect not just the environment but also the actual hydrocarbon they're producing."

Another source of demand for the technology is the decommissioning of wells that need to be properly plugged when they reach the end of their life cycle, he added.

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

October 30, 2026 13:48 ET (17:48 GMT)