Well Engineering Partners acquires geothermal operations service from Sproule ERCE
The Aardwarmte Maasdijk Geothermal Project in the Netherlands (source: Geothermal Service Team / Well Engineering Partners)
Carlo Cariaga
26 Jan 2026
Sproule ERCE has divested its geothermal activities to Well Engineering Partners, representing a deliberate strategic decision to expand its geothermal business.
Sproule ERCE has completed the divestment of its operational and production-focused geothermal activities to Well Engineering Partners (WEP). This divestment represents a deliberate and focused strategic decision by Sproule ERCE, recognizing the rapidly expanding segment of its geothermal business. The geothermal activities are being integrated with WEP’s existing operations within their Geothermal Service Team (GST).
This transaction reflects the divestment of only the geothermal operations component of Sproule ERCE’s geothermal business in the Netherlands and Belgium. Over the past several years, Sproule ERCE’s Geothermal Advisory practice has experienced accelerated global demand, driven by rising investor interest, evolving policy frameworks, and the growing need for reliable subsurface expertise in geothermal development.
Building on this momentum, Sproule ERCE will continue to expand its advisory offerings, including:
- Technical and commercial advisory
- Geothermal resource assessments
- Development and portfolio strategy
- Lender and investment advisory
- Technical due diligence and fair market valuations
Sproule-ERCE empowers energy companies and financial stakeholders to make confident, strategic decisions. Sproule-ERCE delivers authoritative technical, commercial, and operational analysis that unlock value, manage risk, and drive sustainable, long-term profitability within an evolving energy system.
Well Engineering Partners (WEP) is a global provider of well and drilling engineering services across the oil, gas, salt, and geothermal sectors. The company will continue to deliver comprehensive technical expertise spanning engineering, materials and services procurement, and onsite supervision throughout the full well lifecycle.
In 2022, Canada-based Sproule announced the acquisition of Veegeo, a Rotterdam-based geothermal advisory firm.
Source: Email correspondence
