CHANGE IN CFO POSITION

Chief Financial Officer, Mr Michael Krabbe, has resigned from his position as CFO with Welltec A/S to pursue new challenges as CFO with Maersk Supply Service A/S. Mr Krabbe’s last day with Welltec A/S will be November 30, 2017.

Søren Søgaard Suhr, currently Finance Director Treasury of Welltec A/S, will replace Mr Krabbe as Acting CFO and will assume the responsibilities of CFO with immediate effect. For the period to November 30, 2017, Mr Krabbe will continue to work for Welltec A/S and the Acting CFO. During this time, Mr Suhr and Mr Krabbe will work closely together to ensure a smooth transition.

Welltec A/S would like to take the opportunity to thank Mr Krabbe for his contribution to the company over the last 6 years and wish him all the best in his future career.

 


AWARDED A CONTRACT BY PETRONAS

Welltec was awarded a contract by PETRONAS Carigali Sdn. Bhd. for the Provision of Downhole Tractoring Equipment and Services, Offshore East Malaysia.

Welltec Oilfield Services (M) Sdn. Bhd. (“Welltec”) is pleased to announce that it has been awarded a two-year contract by PETRONAS Carigali Sdn. Bhd. (“PCSB”) for the provision of Downhole Tractoring Equipment and Services for its operations in East Malaysia. The scope of the work is for rig support and rigless well intervention including Tractor Conveyance, Mechanical Services, Tubing Cutting, Clean-Out and Milling e-line robotic intervention solutions in the East region assets group, including Sabah and Sarawak.

This is an exciting award for Welltec which enables PCSB to utilize innovative technologies which are offered by Welltec to support their rig operations on development wells and to optimize the full production potential of existing wells.

Espen Dalland, Welltec Vice President APAC region, explains “This award builds on Welltec’s impeccable HSE track record in Malaysia It also allows Welltec to further demonstrate our unique, inherently safer, robotic electric line deployed intervention technologies coupled with an attractive value proposition, compared to the traditional pipe based intervention methods, by supporting ongoing projects for PCSB in East Malaysia.”

Welltec is the largest provider of intervention technology for e-line based solutions covering mechanical services, pipe cutting, clean-out and milling solutions being successfully developed and applied throughout the world over the last two decades. As part of Welltec Completion Solutions, Welltec provides high performance annular packers and completions solutions for well integrity and optimized reservoir management.

 

 


Interim Report Q2-2017

Company announcement no. 5/2017
August 29th  2017

Interim Report Q2-2017

CONTACT

Michael Krabbe, CFO
+(45) 30 34 30 00
mail: mkrabbe@welltec.com

Søren Søgaard Suhr, Director, Treasury & Investor Relations,
mobile: +45 2034 0488
mail: ssuhr@welltec.com

INVESTOR CONFERENCE CALL

Welltec® will discuss its results during an investor conference call today at 5pm CEST. The conference call will be available for bond holders, prospective investors, broker dealers and securities analysts and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call. Relevant dial-in details and conference ID can be obtained by contacting bkjelmann@welltec.com. Finally, the Interim Report will be available on the “Investor” section of Welltec’s website at http://www.welltec.com/investors/download-center/.

Welltec International ApS
Gydevang 25, DK-3450 Allerød
Central Business Registration No: 30 69 50 03

For further information, please contact:
Michael Krabbe, Chief Financial Officer,
mobile: +45 3034 3000
mail: mkrabbe@welltec.com

Søren Søgaard Suhr, Director, Treasury & Investor Relations,
mobile: +45 2034 0488
mail: ssuhr@welltec.com

Company Profile
Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints.


Q2-2017 Interim Report and Investor Conference Call Announcement

Company announcement no. 4/2017
August 18th  2017

Q2-2017 Interim Report and Investor Conference Call Announcement

CONTACT

Michael Krabbe, CFO
+(45) 30 34 30 00

Kasper Berner, Treasury & Investor Relations
+(45) 52 13 89 03

Welltec® will disclose its interim report for Q2-2017 on Tuesday August 29th 2017 and will discuss the results during an investor conference call at 5 pm CEST.
The conference call will be available for bond holders, prospective investors, broker dealers and securities analysts and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call.

Relevant dial-in details and conference ID can be obtained by contacting bkjelmann@welltec.com and registering for the call.

Finally, the Interim report will be made available on the “Investor” section of Welltec’s website at
http://www.welltec.com/investors/download-center/

For further information, please contact:
Michael Krabbe, CFO, Cell: +45 30 34 30 00 or
Kasper Berner, Treasury & Investor Relations, Cell: +45 52 13 89 03

Company Profile
Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints.


AWARDED AS THE BEST EXHIBITOR

FOR THE SECOND YEAR RUNNING WELLTEC® IS THE PROUD WINNER OF THE “THE BEST EXHIBITOR” AWARD FROM NAICE

The SPE Nigeria Annual International Conference & Exhibition (NAICE) 2017 was successfully held in Lagos with the overall theme “Riding the Waves of Boom and Bust: Common Objectives, Diverse Perspectives”

With an enthusiastic team manning the stand, Welltec® was able to describe and demonstrate the innovative nature of both the Drilling & Completion Solutions and the Intervention solutions that were on display. The energy of the team and the creativity of the solutions were part of the five categories judged over the three days, that contributed towards Welltec being selected as the winner of the “SPE award for Best Exhibitor” within the category.

Senior Vice President of Africa, Gbenga Onadeko speaking on the panel session “Impact of cycle of Oil & Gas Boom & Glut: Economic Imperatives and opportunities” emphasized the importance of technology and innovation to maximize Operator ROI within the current oil price era.

The SPE NAICE (Nigeria Annual International Conference and Exhibition) has grown to be the largest upstream Oil and Gas event in Africa. Welltec wish to thank the SPE and all clients and friends who visited the stand which led to Welltec receiving this award.

We are looking forward to continued strong relationships and follow up on the opportunities identified.


Q1-2017 Interim Report and Investor Conference Call Announcement

Company announcement no. 2/2017
May 17th  2017

Q1-2017 Interim Report and Investor Conference Call Announcement

CONTACT

Michael Krabbe, CFO
+(45) 30 34 30 00

Søren Søgaard Suhr, Director, Treasury & Investor Relations
+(45) 20 34 04 88

Welltec® will disclose its interim report for Q1-2017 on Wednesday May 24th 2017 and will discuss the results during an investor conference call at 5 pm CEST.

The conference call will be available for bond holders, prospective investors, broker dealers and securities analysts and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call.

Relevant dial-in details and conference ID can be obtained by contacting bkjelmann@welltec.com and registering for the call.
Finally, the Interim report will be made available on the “Investor” section of Welltec’s website at http://www.welltec.com/investors/download-center/

For further information, please contact:
Michael Krabbe, CFO, Cell: +45 30 34 30 00 or
Søren Søgaard Suhr, Director, Treasury & Investor Relations, Cell: +45 20 34 04 88

Company Profile
Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints.


2016 Annual Report and Investor Conference Call announcement

Company announcement no. 1/2017
March 23, 2017

Welltec® will disclose its Annual Report for 2016 on Thursday, March 30th 2017 and will discuss the results during an investor conference call at 5 pm CET.

The conference call will be available for bond holders, prospective investors, broker dealers and securities analysts and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call.

Relevant dial-in details and conference ID can be obtained by registering for the call with bkjelmann@welltec.com.

The Annual Report will be made available on the “Investors” section of Welltec’s website at http://www.welltec.com/investors/download-center/

For further information, please contact:
Michael Krabbe, CFO
Cell: +45 30 34 30 00 or
Simon Stadil, Director, Treasury & Investor Relations
Cell: +45 52 13 89 44

Company profile

Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints..


2016 Annual Report announcement

March 14th, 2017

Welltec® will disclose its Annual Report 2016 on Thursday, March 30th, 2017 and will discuss the results during an investor conference call at 5 pm CET that day.

Further details about the investor conference call will be available next week.

For further information, please contact:
Michael Krabbe, CFO,
Cell: +45 30 34 30 00 or
Simon Stadil, Director, Treasury & Investor Relations,
Cell: +45 52 13 89 44

Company profile

Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints.


Q3-2016 Interim Report and Investor Conference Call Announcement

17 November 2016
Company announcement no. 10/2016

Q3-2016 Interim Report and Investor Conference Call Announcement

CONTACT

Michael Krabbe, CFO
+(45) 30 34 30 00

Simon Stadil, Director, Treasury & Investor Relations
+(45) 52 13 89 44

Welltec® will disclose its interim report for Q3-2016 on Thursday, November 24th, 2016 and will discuss the results during an investor conference call at 5 pm CET.

The conference call will be available for bond holders, prospective investors, broker dealers and securities analysts and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call.

Relevant dial-in details and conference ID can be obtained by contacting bkjelmann@welltec.com and registering for the call.

Finally, the Interim report will be made available on the “Investor” section of Welltec’s website at http://www.welltec.com/investors/download-center/

For further information, please contact:
Michael Krabbe, CFO, Cell: +45 30 34 30 00 or
Simon Stadil, Director, Treasury & Investor Relations, Cell: +45 52 13 89 44

Company Profile
Welltec® develops and delivers technology and solutions intended to transform the oil and gas industry. Our game-changing solutions are dedicated to optimizing the management and development of clients’ assets, both in the form of well completion technology and intervention services required to ensure performance and integrity. We operate in all types of onshore and offshore well environments, including the most extreme and hostile, such as deepwater, subsea, extended reach, heavy oil and unconventional gas and oil wells. Our lightweight solutions are based on a vision to improve safety while reducing environmental risks, fuel consumption and carbon footprints.


Visitors came to see novel technology which reduces costs

On 27th of October 2016, the Welltec team in Nigeria hosted a Technology Day in Port Harcourt with attendance of guests from oil & gas companies, various presentations and live tool demonstrations of our well services.

CONTACT

General Manager, Nigeria & Ghana
Adedapo Adeniyi
dadeniyi@welltec.com

In the current regime of low oil prices, a lot of operators are looking inwards and to well service providers like Welltec to help challenge the low oil price and also the market instability, which has led to reductions in capital investments. Welltec’s technology is starting to bridge the gap for these operators, affording them a reliable and world class technology to restore/increase production, while lowering capex requirements.

“As our clients continue to look inwards for optimization and to service providers like Welltec to deliver maximum value for each dollar spent, it then becomes extremely important that we assist them in making the right decisions. This is why we actively pursue opportunities with events like our Technology Day which affords us to physically demonstrate our solutions and share case stories of how we have helped clients world over resolve similar challenges that they may currently have”, says General manager, Nigeria & Ghana, Adedapo Adeniyi.

“We had over 20 guests from oil & gas companies with various presentations and live tool demonstrations of our well services – The Well Tractor®, The Well Cleaner®, The Well Stroker® and The Well Miller® for instance showed some of our intervention solutions, while we were also talking completion solutions with our Flex-well® approach” ends General Manager Adedapo Adeniyi.

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