RePlug®️ is a finalist in the ONS SME Innovation Award 2022

The ReStone team is excited to announce that our product RePlug®️ is a finalist in the ONS SME Innovation Award 2022! The winners were announced on the 30th of August in Stavanger and we were happy to see your innovative colleagues in Ruden AS win. 

We would like to thank SINTEF, Heriot-Watt University, Institute for Energy Technology, Aker BP ASA, Equinor, Halliburton, Schlumberger, Research Council Norway and Innovation Norway for all their support underway!

Read more here 

ReStone welcomes our new CFO!

The #team of ReStone is very excited to announce our new Chief Financial Officer.

ReStone AS is seeing rapid growth in 2021 after a very successful 2020 where we started commercialization of our patented technology. As of 1st July 2021, we welcome Oyvind Wathne Aasmyr  as our new #CFO.

As well as being overall responsible of all financial activities of the business, he will be an important contributor in the company’s further business and strategic development and this hire will further accelerate our growth.

This expansion and further development of our team will also put ReStone in a position to serve our customers the best way possible going forward.

Øyvind has a M.Sc. in Finance from Norwegian School of Economics (NHH). He has 14 years of investment banking/corporate finance experience, working with a broad range of domestic and international clients focusing on technology companies within the oil&gas, maritime and seafood sectors.



ReStone AS welcomes our new CEO

The #team of ReStone AS is incredibly proud to present our new #CEO!

ReStone AS is in a rapid growth period in 2021 after a very successful 2020. As of the first of May 2021, we have welcomed Ingvar Grannes into the role as CEO. This hire officially starts the accelerated growth process of ReStone and fully commercial deliveries of RePlug to the industry. The development of the team will allow ReStone to serve our customers in the best way.

Ingvar Grannes has more than 30 years of experience from the Petroleum industry, both from service companies and for major field operators. Ingvar have held positions as Well Service Supervisor and Senior Drilling Supervisor. Ingvar have been active in several start-up technology companies, from very early stage through commercialisation and growth stages. In the company Quality Intervention AS, Ingvar held a position as Chairman Of the Board and was responsible for development of a product line. His latest role was in Expro, holding the role of Vice President Product Line CoilHose.


Congratulations to SWIPA!

Happy SWIPA-day!

ReStone AS is really happy to support the new SWIPA Center for Research-Driven Innovation that opened today at SINTEF. This centre will reduce costs for Permanent Plugging and Abandonment (#PP&A) by 50%.
There is so much work in this field to be done and ReStone is ready to contribute.

Thanks to Norges forskningsråd for the support to the SFI!

RePlug achieves First Use in an Petroleum well on the NCS

The team in ReStone is really excited to tell you that our flexible, self-healing and low carbon-footprint cement RePlug®️ has been used to plug a section of a well in the North Sea for the first time.

The news was presented in an article in BT/E24+ today. Many thanks to our team and supporters!

Please send us a message if you’d like to see an Norwegian version or English translation of the article.

#firstuse #innovation #environment #welldone

ReStone welcomes new owner to the team!

ReStone is very pleased to welcome Ingvar Grannes and Stavanger Kapitalforvaltning to our team. The significant capital increase and Ingvars expertise working with companies like ours will grow our company further in an effective manner, delivering our patented self-healing well-cementing product RePlug®️ to our customers in the Petroleum industry.

Many thanks to our hard-working team, Torkel Hope (Chairperson) / Advokatfirmaet Schjødt, Jill Angelique Clausen (CTO, Founder and Owner), Astri Jæger Sweetman Kvassnes (CEO, Founder and Owner), Nathan Gore (Owner), Jorunn Konglevoll (Owner) and Hans L. Falck (CFO) and Falck Advisory (Economical modeling and the most amazing financial prognosis tool for growing companies.) We also thank our Advisory board (Wenlu Zhu, Espen Ruud and Eyvind Time) for their invaluable support.

Many thanks also to Innovation Norway and Norges forskningsråd for their continued support of the development of ReStones products.

RePlugReady completed

ReStone is happy to announce that we have completed RePlugReady, a project that has demonstrated the low carbon footprint, CO2-proof and self healing properties of our product RePlug®. The project was supported by the Research Council of Norway, through the CLIMIT programme. Thanks also goes to the excellent contributing researchers from SINTEF, Heriot Watt University, Edinburgh and University of Maryland.
Please find more information in the CLIMIT Bulletin.


ReStone er glade for å meddele at vi har ferdigstilt RePlugReady, et prosjekt som har vist at RePlug® er et lavkarbon, CO2-sikkert og selvhelende sementprodukt for petroleumsindustrien. RePlugReady ble støttet av Norges forskningsråd igjennom CLIMIT-programmet. Vi vil også takke forskerne fra SINTEF Industri, Heriot Watt University og University of Maryland for fremragende bidrag.

Se mer informasjon i CLIMIT sin nyhetssak.

Fredrikke Qvam as best female innovation entrepreneur of year 2019.

ReStone er veldig glade for å ha mottatt Fredrikke Qvam prisen for årets kvinnelige gründer 2019.  

ReStone AS is prequalified at Halliburton

ReStone is happy to announce that we have been prequalified as a supplier to Halliburton AS.