Welltec: Intelligent Downhole Fishing Added to ERFT Portfolio
In the continued pursuit of optimization and the enhancement of intervention operations, Welltec has added an additional option to its precision downhole fishing solutions: Wellgrab Hi-Range Overshot and Spear, also known as HIROS – and the technology is already making an impact in the field. HIROS comes with all the …
Welltec A/S acquires Autentik AS to Expand Intervention Service Offering
Welltec A/S, a market leader in Completion and Intervention within the energy industry, announces the acquisition of Autentik AS, a niche technology provider specializing in electric wireline fishing and interventions. The acquisition represents a strategic move by Welltec to expand its downhole intervention capabilities and is in line with the …
Welltec Becomes Largest Shareholder of Isealate AS
Welltec® A/S has today announced the start of an exciting and exclusive partnership with Isealate AS. Welltec is now the largest shareholder of Isealate, and will be exclusive global partner to the innovative company based in Stavanger, Norway, providing patented patch-thru-patch technology. Chief Commercial Officer at Welltec, Tommy Eikeland, stated, “Well …
Welltec: Launches New Well Tractor
Welltec® has launched a fully revised and transformed design of the pioneering Well Tractor® conveyance solution: Well Tractor® 212 CVT, equipped with Continuous Variable Tractoring technology. The new CVT system automatically maximizes speed and power at all times, optimizing every conveyance run, making operations faster and more efficient than ever …
Welltec: Becomes a Key Partner in Project Greensand
Project Greensand is an ambitious and innovative initiative to develop new ways to capture and store CO2. Welltec has a long history of engineering and delivering solutions that target complex challenges in the energy sector and now looks to help address and meet the 70 percent reduction of CO2 targets …
Exor and 7-Industries Further Strengthen Welltec Support
The two European holding companies purchase the remaining shares from founder Jørgen Hallundbæk. The global technology company based in Allerød (Copenhagen) looks toward its next stage of growth, including the development of geothermal and carbon capture & storage business. Welltec (the “Company”) announces that Exor and 7-Industries have completed the …
Welltec and Wellgrab Announce Exclusive Collaboration
Welltec® is pleased to announce a new and exclusive collaboration with Wellgrab, to provide wireline conveyed, advanced downhole fishing solutions. Wellgrab technology centers around a fully surface-controllable, downhole electric release fishing tool, designed to simplify and optimize fishing operations whilst fully exploiting the unique 100,000 lbs pulling capability of Welltec’s surface …
Welltec Signs Long-Form Contract with Saudi Aramco
Welltec® is pleased to announce the agreement of a Long-Form Contract (LFC) with Saudi Aramco. Following an extensive approval process, the deal will see Welltec deliver Completion products and services across the Saudi Aramco portfolio in any environment. “Welltec began installing WAB® * metal expandable packers for Saudi Aramco in …
Welltec Secures Direct Award from Ecopetrol Colombia
Welltec Corporation, a Danish based, oil and gas services company, is pleased to announce the award of a direct, four year contract from Ecopetrol Colombia for the supply of Well Tractor® conveyance and Well Cutter services. The initial contract value is in excess of five million USD with options to …
Welltec secures major contract with Total E&P for Conveyance and Intervention Services
Total E&P UK Ltd awards Welltec a 3-year contract including possibility for a further two, 1-year extensions. The contract covers the scope of Tractor Conveyance, Tubing Cutting, Clean-out and Milling based, e-line intervention services. “Recognizing the innovative technologies and the associated value proposition which Welltec has to offer, Total E&P …