We take technology further
At Welltec® we develop and provide well technologies and solutions for the oil and gas industry. Our success is based on our ability to continuously create truly disruptive innovations to make the industry safer and more sustainable while achieving higher recovery. We are proud to say that our inventions have caused a revolution of the industry by enabling operations that simply were not possible earlier.
We are a truly solution-driven company where we develop and apply field proven technology to address the challenges of tomorrow’s needs. It is our goal to continuously push the boundaries of conventional oil field technology to their limits. We believe that through constant transformation we are capable of capturing the necessary improvements to assure a strong future for our stakeholders: the industry, our clients and employees.
The environment is close to our heart, which is why our technologies are lightweight. All our solutions are based on clean technology and a determination to enhance personnel safety and health while reducing the environmental risks, fuel consumption and carbon footprints.
Our vision is to transform the upstream oil and gas industry such that it becomes safer and more sustainable while achieving higher recovery
The story of Welltec
It began with one man’s vision and has (so far) resulted in a multinational company with more than 1000 employees. The founder of Welltec, Jørgen Hallundbæk, invented the Well Tractor as part of his thesis from The Technical University of Denmark back in 1987. Although the rest of the industry was less enthusiastic about his groundbreaking technology Jørgen Hallundbæk had an indomitable belief in his idea and in 1994 he established Welltec. This commitment to innovation still permeates Welltec and we strive to constantly reinvent the industry and improve existing practices.
When the Well Tractor was introduced to the market it enabled interventions that had never been possible before. What was unique about the Well Tractor was that it facilitated a step change in the technique of deploying other tools into horizontal and highly deviated wells without involving heavy or large amounts of equipment.
The Well Tractor is run on electric line and can be as short as 10 ft. Therefore it can be transported by helicopter for extremely fast mobilization while significantly reducing the carbon footprint of the industry. Oil companies have changed their strategy based on the new possibilities that the Well Tractor offers. Their reward? Substantial cost savings plus increased recovery from their wells.
Developing new solutions to specific challenges has since become a Welltec hallmark. One that we are committed to working by.
Follow us on LinkedIn
Like what you see on our website? Take a look at our LinkedIn page and get even more information about our company. It is packed with industry news, amazing case stories and the latest updates from our company, showing what’s going on at the moment.