News & Events

Get the latest news and find out where you can meet us at industry events

News 23 March 2017

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 ho …

News 14 March 2017

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 …

News 31 October 2016

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, Nige …

News 30 September 2016

The Society of Petroleum Engineers (SPE) Tuesday honored Mr. Brian Schwanitz with the SPE Production and Operations Award at ATCE in Dubai, UAE. Brian Schwanitz has a long career within the Oil and Gas industry. He has been with Welltec® since 2002 cov …

News 15 September 2016

DIRA, Danish Robotic Network, has chosen Welltec® as this year’s winner of the award from a field of 34 nominees, beating out strong competitors including Carlsberg and Haarslev Industries “The panel chose Welltec as this year’s recipient of the automa …

News 31 August 2016

ONS 2016 is humming and yesterday a delegation from the Norwegian parliament, Stortinget was received by Senior Vice President in Scandinavia Terje Skeie. Terje Skeie, who could tell them what can be done in the upstream oil & gas industry in chall …

News 29 August 2016

SALES  – MIDDLE EAST THE POSITION The focus of the position is to drive the continued revenue growth through the introduction of our lower completion solutions with key clients in the Middle East region. Key activities will include: Continued commercia …

News 18 August 2016

During Mondays event at the Danish pavilion H.R.H. the Crown Prince visited Welltec® H.R.H. the Crown Prince, the Danish Minister of Business and Growth Troels Lund Poulsen and the Danish Minister of Foreign Affairs Kristian Jensen, made a visit to the …

News 12 August 2016

On August 2-4, Welltec® participated at the SPE NAICE in Lagos and was awarded Best Exhibitor in our category. The conference theme at this year on Nigeria Annual International Conference & Exhibition (NAICE) was: “Transparency in the Oil and Gas B …

News 8 August 2016

Welltec® will be attending the Olympics 2016 in the Danish pavilion. If you are attending the Olympics in Rio come and meet us. We will be in the Danish pavilion on Monday 15 August. From 11am to 10pm. Learn more about our safe and cost effective solut …

News 30 June 2016

On 23rd of June 2016, the Welltec team in Nigeria hosted a Roadshow in Lagos with attendance of over 35 guests from Oil & gas companies with various presentations and live tool demonstrations of our well services – Conveyance, Mechanical, Clean-out …

News 19 May 2016

19 May 2016 Company announcement no. 5/2016 Q1-2016 Interim Report and Investor Conference Call Announcement CONTACT Michael Krabbe, CFO, Cell: +45 30 34 30 00 or Simon Stadil, Director, Treasury & Investor Relations, Cell: +45 52 13 89 44 Welltec® …

News 9 May 2016

During the past 18 months Welltec has insourced 90% of its previous externally acquired parts through extensive automation. The result is a significant reduction on production costs, while simultaneously increasing capacity and flexibility, fortifying …

News 30 April 2016

It was with great sorrow that we yesterday learned that a colleague from our base in Bergen, Norway, was onboard the helicopter that crashed shortly before landing in Bergen. Our thoughts go to the employee’s family and colleagues. Upon receiving this …

News 26 April 2016

26 April 2016 Company announcement no. 4/2016 Withdrawal of Moody’s services related to Welltec A/S and the 2019 Senior Secured Notes CONTACT Michael Krabbe, CFO +(45)-3034-3000 Welltec A/S (Welltec®) has with immediate effect decided to withdraw and c …

News 18 April 2016

On April 14th, the Welltec team in Angola had invited oil and gas professionals to attend a Technology Day, focusing on innovative intervention and completion technology. Taking place in Luanda, and with more than 35 participants, the event included va …

News 12 April 2016

First in Aberdeen, now Houston. The new TorcPlug, a novel, multiset, retrievable barrier run on e-line has just won its second ICoTA intervention award, this time at the SPE/ICoTA Well Intervention & Coiled Tubing Conference and Exhibition in Houst …

News 8 April 2016

In late March of 1996, in a field called Gullfaks, offshore Norway, the world’s first successful Well Tractor® job was carried out. Returning from the job, the client and the Welltec crew, consisting of Jørgen Hallundbæk and Jesper Oluf Larsen, spoke e …

News 6 April 2016

Less is more. Capitalizing on two decades of e-line conveyance solutions, Welltec® has developed and run the world’s first 2 ½” OD Well Tractor®. Delivering similar performance as the Well Tractor® 318 but with a reduced diameter, the Well Tractor® 212 …

News 2 March 2016

On March 1-2, representatives from some of Germany’s biggest oil operators attended a Welltec and Multiline technology event. Taking place in Diepholz, Niedersachsen, and with more than 60 participants from the German oil and gas industry, the event in …

News 25 February 2016

The Board of Directors of Welltec International ApS (Welltec®) has today approved the Annual Report for 2015. Key highlights 2015 was a challenging year for Welltec® as the industry downturn affected both activity and revenues amid falling oil prices a …

News 17 February 2016

COPENHAGEN, Denmark – We are pleased to announce that our award winning Welltec® Annular Barrier (WAB®) has been selected by Total E & P Congo as a completion component for the upcoming wells in their deepwater, Moho Nord project. CONTACT Gbenga On …

News 17 February 2016

February 17, 2016 Company announcement no. 2/2016 Welltec® will disclose its annual report for 2015 on Thursday, February 25, 2016 and will discuss the results during an investor conference call at 5pm CET. An accompanying slide presentation will be av …

News 3 February 2016

In our new, 2016 Welltec® Completion Solutions brochure you can explore applications to unlock new completion designs which are optimal for your budget and reservoir. CONTACT VP Marketing Brian Sidle bsidle@welltec.com Download the new, 2016 Welltec® C …

News 1 February 2016

31 January 2016 Company announcement no. 1/2016 Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 31 January 2016. C …

News 19 January 2016

Yesterday, January 18th, Minister for Energy, Utilities and Climate, Lars Christian Lilleholt, visited the Welltec® production facilities in Esbjerg and met with our founder and CEO, Jørgen Hallundbæk. Among other themes related to the oil and gas sect …

News 8 January 2016

Earlier in Q4 Welltec opened its first base in Argentina to service customers exploring and developing unconventional shales. On December 20th, Welltec successfully performed its first job there, conveying tools in a long horizontal section and allowin …

News 19 November 2015

In the third quarter of 2015, Welltec® revenues declined to USD 57 million. The development reflects the prolonged industry downturn as operators continue to adjust their operations in response to the low oil price environment and continued global over …

News 12 November 2015

The WAB® is designed to address a number of the industry’s biggest challenges. Besides being a primary barrier, as discussed in the first part of the interview, the WAB also allows operators to establish zonal isolation with inflow control, as it facil …

News 11 November 2015

Company announcement no.9/2015: Welltec® will disclose its interim quarterly financial report for Q3-2015 on Thursday, November 19, 2015 and will discuss the results during an investor conference call at 5pm CET. CONTACT Michael Krabbe, Acting CFO, Cel …

News 4 November 2015

Recently, oil and gas professionals, government officials and leaders of major oil companies participated at Oil Gas Denmark’s Oil & Gas Summit 2015. Founder and CEO of Welltec, Jørgen Hallundbæk, participated in a panel debate where he emphasized …

News 2 November 2015

International oil and gas industry solutions provider, Welltec®, has reported a marked increase in demand for its services in the North Sea as operators scale down drilling operations. The company, which is headquartered in Denmark and has bases global …

News 22 October 2015

We did it in 2011, again in 2012, anew in 2014, and now, in 2015, we have received yet another design award for ‘best stand’, this time at KIOGE in Kazakhstan. CONTACT VP Marketing Brian Sidle bsidle@welltec.com The award-winning stand at KIOGE (Kazakh …

News 18 September 2015

The new Transformation Center in Denmark, which manufactures the award-winning completion product, the Welltec® Annular Barrier, is now celebrating its one-year anniversary. Facility manager, Vagn Nielsen, takes stock and unveils a state-of-the-art qua …

News 15 September 2015

The largest business awards program in Europe, European Business Awards 2015/2016, announces Welltec as a National Champion. CONTACT VP Marketing Brian Sidle bsidle@welltec.com The European Business Awards is an independent European awards programme th …

News 11 September 2015

New technology addresses two of the industry’s biggest challenges; cementing and sustained surface annular pressure. A specialist in completion technology, Johnny Bårdsen encourages operators to rethink and apply a more holistic approach considering th …

News 9 September 2015

Welltec is present again at the Offshore Europe Conference, showcasing our latest, innovative solutions. This event takes place every two years, this time in Aberdeen, September 8-11th. CONTACT VP Marketing Brian Sidle bsidle@welltec.com The Welltec di …

News 20 August 2015

Company announcement no.8/2015:In the second quarter of 2015, Welltec’s revenues stabilized at the first quarter level as industry fundamentals continued to be challenging. The stabilization was driven by growth across select geomarkets coupled with pe …

News 12 August 2015

Company announcement no.7/2015: Welltec® will disclose its interim quarterly financial report for Q2-2015 on Thursday, August 20, 2015 and will discuss the results during an investor conference call at 5pm CET. CONTACT Michael Krabbe, Acting CFO, Cell: …

News 31 July 2015

31 July 2015 Company announcement no. 6/2015 Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 31 July 2015. CONTACT …

News 29 May 2015

Offshore UK in the North Sea, a high rate gas producer could not actuate the downhole safety valve (DHSV) due to scale build-up. Welltec carefully planned and mobilized to the platform with the right equipment and procedures to rectify the problem base …

News 22 May 2015

Advanced wells solutions took centre stage at a successful showcase event hosted by Welltec®, the company challenging the low oil price through innovation. CONTACT Area Vice President, UK Kevin Giles +44 7837 094788 Senior well operations personnel fro …

News 21 May 2015

Company announcement no.5/2015: Welltec’s revenues reduced in the first quarter of 2015 as market activity contracted sharply in response to the lower oil price. This overshadowed growth in some geomarkets and the decline in revenue was accentuated by …

News 18 May 2015

Welltec A/S has entered into a technology collaboration framework agreement with Shell Global Solutions International B.V., an affiliate of Royal Dutch Shell plc, to improve existing or develop new technologies for global application in the energy indu …

News 13 May 2015

Company announcement no.4/2015: Welltec® will disclose its interim quarterly financial report for Q1-2015 on Thursday, May 21, 2015 and will discuss the results during an investor conference call at 5 pm CET. CONTACT Michael Krabbe, Acting CFO, Cell: + …

News 17 March 2015

We are proud to announce that our Well Stroker® XXS is selected a finalist for the ICoTA Intervention Technology Award. This industry award recognizes outstanding technical innovations that demonstrate reduced risk, increased production, improved safet …

News 16 March 2015

Our latest development, the Welltec® Annular Barrier (WAB®), has won the OTC Spotlight on New Technology award as one of the latest, most advanced technologies that are leading the industry into the future. CONTACT VP Marketing Brian Sidle bsidle@wellt …

News 26 February 2015

The Board of Directors of Welltec International ApS (“Welltec®”) has today approved the Annual Report for 2014. Key highlights Welltec® achieved continued revenue growth and improved earnings in 2014 through the execution of key strategic initiatives p …

News 18 February 2015

We proudly showcased our latest version of the Well Stroker yesterday during a lunch and learn presentation at the Intervention & Coiled Tubing Association (ICoTA). This Well Stroker XXS is a groundbreaking downhole intervention technology as it is …

News 13 February 2015

The development of a unique mechanical cutting tool makes it possible to eliminate explosives from many operations which require tubulars to be recovered during workovers, drilling operations or recompletions. CONTACT Brian Sidle bsidle@welltec.com +45 …

News 6 February 2015

LUANDA, Angola: Offshore West Africa, a deepwater well, was suffering from excessive gas breakthrough, limiting oil production. The gas was coning and producing from the top of an open hole gravel pack completion, bypassing the oil it was intended to e …

News 30 January 2015

30 January 2015 Company announcement no. 1/2015 Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 31 January 2015. C …

News 30 January 2015

Welltec®, the world leader in cost effective well solutions, is pleased to announce that its Welltec® Annular Barrier has been successfully utilized to replace cement as a standalone, primary well barrier for the mitigation of surface annular pressure …

News 23 January 2015

Offshore East Timor, an inflatable packer had released and migrated up the wellbore, passing through a flapper valve where it then got stuck. To complicate things, a hold-open sleeve dislodged during the migration and landed on top of the valve. CONTAC …

News 16 January 2015

16 January, 2015 We have achieved a breakthrough in the industry with our Welltec® Annular Barrier (WAB®). For the first time in the world it has been run as a standalone, primary well barrier element. This is a truly exceptional accomplishment as the …

News 5 January 2015

We have set another record with our powerful clean-out solution. During an operation in the North Sea the Well Cleaner PST retrieved a total of 1,500 lbs of sand with up to >300 lbs in two of the runs. The operation actually started as a drift run b …

News 19 December 2014

“A cut worthy of a king!” Those were the words by the company representative after the Well Cutter® had cut through hard scale and tubing – in the same run. This accomplishment took place offshore Norway where a large build-up of BaSO4 had restricted t …

News 17 December 2014

Client Dedication and Performance are inherent Welltec values. Our team in Indonesia has demonstrated this brilliantly by delivering excellent safety performance for ConocoPhillips. They have operated 4,404 man hours without any recordable incidents an …

News 4 December 2014

Our ability to conduct operations safer and more sustainably were made evident when we enabled an operator in Oman to optimize the intervention strategy. And not only did our e-line solution ensure safer interventions, it also generated valuable time s …

News 2 December 2014

Welltec recognized as a fast growing, highly innovative company with significant ongoing investments in innovative development and engineering. CONTACT Chief Financial Officer Jesper Helmuth Larsen jhlarsen@welltec.com +45 23 29 26 00 The European Inve …

News 24 November 2014

Clean-outs can be performed in extended, deviated wells with great efficiency. We know because we just did it and we have a long track record of efficient e-line clean-outs. CONTACT VP Marketing Brian Sidle bsidle@welltec.com This operator in Eagle For …

News 21 November 2014

The end of 2013 marks an impressive record for Welltec Asia Pacific: seven years with no incidents. This is testament to Welltec’s worldwide safety culture and QHSE focus – “Safety is where I am”.

News 20 November 2014

Company announcement no. 10/2014: Welltec® maintained its growth rate in the third quarter of 2014 with the continued uptake of its advanced intervention solutions by major operators around the world. The EBITDA margin remained high and improved on las …

News 18 November 2014

COPENHAGEN, Denmark – Welltec®, a Danish based oil and gas service provider, is pleased to announce that its Welltec® Annular Barrier has successfully passed ISO/API V0 leak criteria qualification testing. CONTACT WP Well Completion Solutions Paul Haze …

News 29 October 2014

About 689 ft of CaCO3 scale bridges had decreased the ID of a wellbore from surface to the safety valve in a water producer located offshore Spain. The scale prevented the operator from cutting the tubing and a quick resolution was needed. CONTACT VP M …

News 24 October 2014

Building on a track record of previous gas shut off (GSO) successes Welltec Angola recently completed another GSO along with separate water shut off (WSO) operation. The purpose of the recent operation was to install a multi-segmented straddle packer i …

News 24 October 2014

The precision cut needed to be made below the upper collar of the last stand, just above the x-over from the 5-1/2” to 5” section. The toolstring tagged the x-over and correlated against the drill pipe tally to locate the cutter pads precisely on depth …

News 24 October 2014

The Transformation Center is one more step on the path towards achieving our vision of transforming the upstream oil and gas industry such that it becomes safer and more sustainable while achieving higher recovery. Our CEO, Jørgen Hallundbæk, took the …

News 24 October 2014

Due to the growth of Continental Europe and increased demand of clients in Continental Europe for technical support, Welltec has opened an office in The Hague since 1st of August 2014 to be strategically positioned for the clients operating on the Dutc …

News 24 October 2014

About 689 ft of CaCO3 scale bridges had decreased the ID of a wellbore from surface to the safety valve in a water producer located offshore Spain. The scale prevented the operator from cutting the tubing and a quick resolution was needed. CONTACT VP M …

News 23 October 2014

CONTACT VP Marketing Brian Sidle bsidle@welltec.com Recently the Well Cutter’s ability to cut in compression ensured a very time-efficient job execution offshore Nigeria. Further challenges included limited rig-up height as the operation was performed …

News 23 October 2014

Our team in Asia Pacific has accomplished an impressive HSE performance record by reaching seven years with no injury, no accident and no spill. CONTACT VP Marketing Brian Sidle bsidle@welltec.com “Welltec Asia Pacific has set an impressive HSE record …

News 23 October 2014

September 24 our team in Russia was honored with a plaque from Sakhalin Energy for our involvement in the Sakhalin-2 project. The plaque expressed their gratitude for contributing with new technologies and unique technical solutions for the challenges …

News 21 August 2014

Company announcement no. 8/2014: Welltec® achieved record levels of revenue and EBITDA in the second quarter of 2014 as it continued to gain traction with its high-value intervention services and deliver on its key initiatives for the year. EBITDA cont …

News 31 July 2014

Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 31 July 2014. CONTACT Jesper Helmuth Larsen, CFO, Cell: +45 2329 2 …

News 28 July 2014

The operator was looking for a lighter alternative to coiled tubing and contacted Welltec®. They decided to use the Well Cleaner® PST to remove the sand to surface with exact measurement of volume due to the advantages provided by this e-line solution. …

News 16 July 2014

We are pleased to announce that we have received a direct contract for the provision of Well Tractor and mechanical intervention services for PETRONAS Carigali Sdn Bhd in Malaysia. The scope of the work is for rig support and well interventions as requ …

News 11 July 2014

During a re-activation campaign an operator encountered a faulty lubricator valve preventing re-perforation and future interventions. They turned to Welltec due to our track record and proven service quality. A Well Miller with custom-made, core millin …

News 12 June 2014

Welltec continues to increase the capabilities of what can be done with mechanical cutting. In Q1 of 2014 we accomplished a series of successes that pushed the boundaries even further for what can be done on e-line. CONTACT VP Marketing Brian Sidle bsi …

News 3 June 2014

Following a successful pilot project in February, Welltec Russia has successfully secured a 2-year tender award for a major Russian operator. Contract value is expected to exceed $2M USD.

News 23 May 2014

Welltec Alaska has achieved an industry record performance that we are extremely proud of: 10 consecutive years with no environmental incidents or personal accidents while working on the North Slope. This milestone has been reached thanks to our compet …

News 22 May 2014

Key highlights Welltec® delivered a first quarter result with revenue growth aligned to full year expectations, following an uplift in high-complexity work which counteracted the impact of adverse operating conditions in its largest market, Scandinavia. EBITDA was improved by the sales mix and improvements in utilization and operational efficiencies. Accordingly, Welltec® maintains its guidance for 2014.

News 2 May 2014

For the second, consecutive year Welltec was recognized as the winner of the Intervention and Coiled Tubing Association (ICoTA) Intervention Technology Award. This prestigious award is given to companies that have developed new, innovative technology which provides value to the industry.

News 23 April 2014

A stand-out stand design and team effort were the winning elements at the Australian Petroleum Production & Exploration Association (APPEA) conference and exhibition where Welltec won “Best Custom Build of the APPEA 2014 Exhibition” award.

News 15 April 2014

Under a clear, blue sky in Denmark’s energy capital, Esbjerg, Jonny Søtrup, Mayor, officially welcomed Welltec to the city as the roof was raised on our new manufacturing facility.

News 7 March 2014

Welltec is pleased to announce the award of a three year, direct contract from Esso Exploration Angola (Block 15) Limited (Esso Angola), Operator of Angola Block 15, for the provision of conveyance and well intervention services including clean-out and mechanical manipulation.

News 27 February 2014

Key highlights Welltec® continued on its path of profitable growth and operational cash flow generation in 2013 despite falling short of full year expectations, in a year dominated by corporate development and the necessity to change the organizational structure in order to have a wider impact and better deliver on its mission.

News 19 February 2014

Welltec 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 increase as required.

News 5 February 2014

The day after your wedding is typically not an ordinary day. Add in rescuing someone from a burning car and you definitely have an extraordinary day!

News 4 February 2014

Adding to the realm of e-line intervention accomplishments done as riserless, light well interventions (RLWI), Welltec has now accomplished the removal of a stuck crown plug with the Well Stroker. This capability provides a huge potential advantage for operators to benefit from RLWI operations versus conventional rigs.

News 31 January 2014

n Indonesian well was designed with an upside down completion that was causing problems when the operator needed to shift two sliding sleeve doors (SSD’s) in the lower completion.

News 24 January 2014

Welltec was honoured to receive the award for best presentation at the ‘1st Forum of Technology Experience Exchange’ in Mexico. Welltec’s General Manager in Mexico, Jose Carillo, gave a thought-provoking presentation on how e-line solutions can increase production and improve efficiency in well interventions.

News 8 January 2014

Welltec is pleased to announce the award of a direct, two year contract from Shell Gabon for the supply of conveyance, well intervention and clean-out services.

News 21 November 2013

Key highlights Over the last twelve months Welltec’s revenues have increased by 19% and its EBITDA by 7%. Growth in the third quarter was reduced although activity levels continued to grow strongly, with revenues impacted by changing sales mix both geographically and in service solution. EBITDA was impacted by the lower gross margin, but supported by continuing improvements in utilization. Accordingly, Welltec® adjusts its forecast for 2013.

News 20 November 2013

Last week a Danish delegation incl. Jørgen Hallundbæk and HRH Crown Prince Frederik of Denmark participated in a workshop at the Pemex office in Mexico. The meeting was part of an export promotion initiative taken by the Danish Ministry of Foreign Affairs and the Trade Council to further Danish – Mexican trade relations and promote Danish know-how within health and welfare, agriculture and food products, as well as energy and clean tech.

News 15 November 2013

This week the O&G community gathered in Abu Dhabi for the annual ADIPEC show. Welltec presented a paper based on a number of highly interesting local cases in which the novel Well Cutter was used to cut 4-1/2” production tubing in compression in several high deviation wells prior to a tubing change-out campaign.

News 13 November 2013

When a deepwater well, offshore West Africa, was experiencing high GOR the operator initially chose to cycle the well production on and off to allow the reservoir to re-saturate with oil while shut-in, and then re-open the oil flow to the FPSO until the GOR became unacceptably high for the facilities. However, this temporary solution had caused a significant decrease in production.

News 11 November 2013

A gas lift valve (GLV) in an oil producer needed change out and simulations showed that a Well Tractor was needed to reach target depth.

News 7 November 2013

Welltec has today entered into an agreement to establish a purpose-built manufacturing facility in Denmark’s energy capital Esbjerg. The facility is expected to be operational at the end of 2014 with a staff of 25-35 employees.

News 1 November 2013

At the OTC Brasil, which took place the last week of October in Rio de Janeiro, the Welltec stand featured the Welltec Annular Barrier, or WAB™.

News 24 October 2013

Last week Welltec presented an SPE paper to the audience at the Artic & Extreme Environments conference in Moscow. The presentation shared findings and lessons learned from an international array of high latitude intervention operations and presented best practice recommendations for e-line workovers in such extreme environments as the Arctic.

News 11 October 2013

Offshore Engineer is currently featuring an article by two of our subsea experts, Eddie Karlsen & Bevan Morrison, in which they discuss the various myths and misperceptions that surround riserless light well interventions (RLWI) and prevents operators from performing thus type of cost-efficient, production enhancing maintenance operations on their subsea wells.

News 9 October 2013

Last week Welltec had the pleasure of sharing two exciting papers with the audience at the ATCE in New Orleans. The first paper describes the field trial of our new Completion Solution, the Well Annular Barrier, and its origins. The second paper presented a world’s first operation that set a new water depth record for RLWI as well as milled asphaltenes on e-line for the first time.

News 26 September 2013

Welltec International ApS (Welltec®) has completed a private placement with PFA, Denmark’s largest pensions fund with more than DKK 350 billion under management and administering the pensions of 9,300 corporate and 500,000 individual customers.

News 13 September 2013

During perforation preparations a well offshore Indonesia indicated a wellbore obstruction in the top of the existing producing zone. The wellbore ID was decreased to 3.37” and as the perforation gun’s possible swelling OD was up to 3.45” the operator needed to address the unknown obstruction.

News 9 September 2013

At the four-day Offshore Europe conference last week, Welltec had a fully expanded WAB™ and a Well Cutter on display at the stand. These tools attracted a lot of interest from the audience.

News 5 September 2013

On September 4, 2013 Welltec was officially inducted into the Hall of Fame for Danish Exports. This elite group comprises only 30 companies that have been judged to have contributed significantly to Danish export since 1989. The purpose of the Hall of Fame is to serve as inspiration to other firms who either export now or are considering exporting. As well, these esteemed companies contribute their learnings on how to achieve success in markets abroad.

News 29 August 2013

The Norwegian Minister of Trade and Industry, Trond Giske, visited the Welltec stand at ONS Norway to learn more about our products and services. The key themes of ONS Norway were innovation and renewal; a perfect match for Welltec, and the minister found our company very interesting.

News 27 August 2013

When Nexen Petroleum UK Ltd. recently experienced problems during a slickline run, Welltec stepped in to finish the job.

News 22 August 2013

Key highlights Welltec’s revenue growth increased in the second quarter of 2013 and its EBITDA margin returned to expected levels, as the business began to leverage on the significant investments made earlier in the year. Based on the pace of progress and the outlook for the remainder of the year, however, Welltec® adjusts its revenue forecast for 2013.

News 16 August 2013

Welltec® will disclose its interim quarterly financial report for Q2-2013 on Thursday 22 August 2013 and will discuss the results during an investor conference call.

News 15 August 2013

A restriction, a severe dogleg and a pressing deadline were just some of the obstacles Welltec’s team recently overcame to successfully service a well in the Rocky Mountains.

News 14 August 2013

Welltec A/S “Welltec” increases the 2017 Revolving Credit Facility “RCF”. Welltec has today increased the existing USD20m RCF by incremental USD20m. The new USD40m facility, maturing in February 2017, has been arranged by Welltec and will be used for general corporate purposes.

News 13 August 2013

Two nipple profiles were obstructing the wellbore preventing an operator offshore Indonesia from installing a tubing patch in a producing well. Welltec was called to assist and within less than 15 hours and 30 minutes including rig up / down the obstruction was removed; a highly efficient operation with no non-productive time. This was the first time two nipple profiles have been machined away in a single run and demonstrates the capabilities of this technology to accomplish workovers on e-line.

News 13 July 2013

An operator in Alberta approached Welltec® for a reliable conveyance solution to gather microseismic data from adjacent wells in connection with a frac operation. The operator needed to deploy Pinnacle microseismic measuring equipment (MSM) in two wells and chose Welltec based on proven capabilities and Pinnacle’s recommendation.

News 10 July 2013

Thirteen Welltec Annular Barriers (WAB™) were successfully installed during the recent, second field deployment of this innovative, new Completion Solutions. The result is a cementless lower completion with seven pressure isolated zones that will last the full lifespan of the well.

News 3 July 2013

Welltec can look back at an impressive first half of 2013 with exhibitions in North America, Europe, Middle East, Asia, Africa, and South America, nine technical papers, 18 presentations, and two product awards, but we are by no means resting on laurels.

News 24 June 2013

When the 19th Underwater Technology Conference (UTC) recently took place in Bergen, Welltec’s Ole Eddie Karlsen, VP Subsea Solutions, presented a case story on the world’s first hydrate removal on e-Line from an RLWI vessel.

News 17 June 2013

Welltec’s Global Subsea Operations team delivered a presentation on improving the recovery rates in brownfield subsea wells through the use of riserless light well interventions (RLWI) to a full room at Brasil Offshore. Two interesting cases were presented in addition to specification of the RLWI concept, water depth challenges and their solutions, and a number of deep water market facts from Brazil.

News 13 June 2013

When the logging company Anega won a tender to do a series of PLTs in horizontal, production wells in Kazakhstan, they selected Welltec’s e-line 218 Well Tractor conveyance solution to save time and minimize operation costs. The conventional CT solution required ~four days operating time, hence the savings potential was significant.

News 12 June 2013

In June, Welltec’s Senior Vice President, MENA, Brian Schwanitz, was invited as part of the SPE Distinguished Lecturer program to give speech at the first formal meeting of the newly formed SPE Kirkuk section.

News 11 June 2013

The first run of Welltec’s groundbreaking, high temperature, DC electronics were among the cases discussed when Welltec recently presented four specific high temperature intervention cases at an SPE forum in Georgetown, Malaysia. Most of the international and national operators in the region were present and both AC and DC Well Tractor cases were well received.

News 10 June 2013

When an operator in the North Sea experienced problems running a 2 1/2” inflatable plug through a Baker “F” nipple profile with an internal diameter (ID) of 2.562” in a producing well, offshore Norway, Welltec proposed a solution utilizing two custom milling bits.

News 10 June 2013

Since 2001, Danish founded Welltec has been established in Calgary, Alberta, and has had its own setup to serve the Canadian oil & gas industry with intervention solutions. Now, because of the success of the Canadian team in Welltec Canada, the Welltec Canada team is being honored by being awarded the Danish Export Associations Diploma and HRH Prince Henrik of Denmark’s Medal of Honor.

News 10 June 2013

Welltec participated in the Congreso Mexicano del Petroleo in Cancun this year. The stand featured our new Welltec Annular Barrier – or WAB™ – which is part of our new segment of Completion Solutions. The WAB™ received a lot of attention from the industry, which has a strong demand for flexible, reliable completions that can last the lifespan of the well.

News 10 June 2013

Welltec presented two out of the 11 presentations at the 8th ICoTA Stavanger meeting. Both presentations concerned RLWI operations performed from the Island Constructor in the North Sea, demonstrating our continued success in delivering ‘heavy’ interventions with e-line.

News 9 June 2013

When E&P Yemen needed to log across an 3,087 ft (941 m) challenging, open hole section in an 81.54° deviated water injection well they called on Welltec for a reliable solution that would reach target depth.

News 6 June 2013

Recently, an operator in the Permian Basin in Texas engaged Welltec to perform a complicated 18 stage, sliding sleeve, acid stimulation operation in a horizontal well. Our solution was significantly less expensive and much more time efficient than the jointed pipe or coiled tubing alternatives.

News 3 June 2013

Welltec was called upon when an operator in Angola needed to perform cement bond logging in a 14” OD casing, offshore Angola. Due to the large casing, our 412 Well Tractor was the only conveyance solution which could accomplish the job on e-line.

News 31 May 2013

During a recent intervention campaign for BG India, Welltec helped to build and maintain the team effort of achieving ‘Safety 101’. This is BG’s internal safety mantra and signifies ‘One Team, One Goal, Zero Injuries’. BG’s program is a good fit with Welltec’s own global safety culture resulting in the program being easily embraced by the Welltec personnel.

News 29 May 2013

Welltec has recently completed the first logging job with the newly developed DC electronics for the Well Tractor.

News 16 May 2013

Welltec’s revenue growth eased in the first quarter following the exceptional performance in the third and fourth quarters of 2012.

News 16 May 2013

The Grand Opening of Welltec’s new Houston facility in Katy was attended by a number of clients and business partners. Jørgen Hallundbæk, founder and CEO of Welltec, welcomed guests and employees before cutting the ribbon and welcoming all inside for a reception and tour.

News 13 May 2013

Welltec will disclose its interim quarterly financial report for Q1-2013 on Thursday 16 May 2013 and will discuss the results during an investor conference call.

News 9 May 2013

An operator, offshore India’s East Coast, needed to remove a thru tubing sand screen (TTSS) in a well that was being converted to injector. The TTSS was placed thru a 3.5″ QX Lock Mandrel which was set on a 3.5″ SSD nipple.

News 22 April 2013

The Welltec booth was popular at the recent Atyrau Oil & Gas show in Kazakhstan, 16-18 April, 2013. Many visitors dropped by to discuss our technologies and they were keen to learn more about our inherently safer intervention solutions.

News 18 April 2013

Welltec sponsored the April gathering of the SPE Copenhagen section inviting members to the charming Copenhagen Admiral hotel and conference center, where the members enjoyed two highly interesting presentations and a unique opportunity to meet some of the minds behind the Welltec Annular Barrier (WAB™).

News 10 April 2013

The Welltec stand was popular at the recent SPE Bergen one day seminar. Featuring interesting technical discussions and a good number of experts, we had a good response from the visitors.

News 9 April 2013

Once again Welltec had a great show at ICoTA, this year emphasized by winning the Intervention Technology Award with our latest innovation: The Well Cutter™. The exhibition overall ended with a record turnout and visitors to our stand were impressed by Welltec’s technical capabilities.

News 22 March 2013

The industry received Welltec’s new technology for cementless completions and zonal isolation with much excitement and positive feedback at the SPE/IADC Conference and Exhibition in Amsterdam, March 5-7th.

News 16 March 2013

The Welltec stand at MEOS had a good flow of visitors interested in learning more about our unconventional, lightweight intervention tools, which among other things enables operators to maximize production via conveying CT and logging tools to TD, cleaning out scale and deposits, opening / closing SSD’s and much more.

News 15 March 2013

Welltec’s newest technology, the Well Cutter™, has once again received honors; this time winning the Intervention Technology Award at this year’s ICoTA Well Intervention and Coiled Tubing Conference & Exhibition, which was held in The Woodlands, Texas at the end of March.

News 14 March 2013

ESSO Angola has awarded Welltec a safety award for our recent work on installing a straddle packer. The HSE award will be presented to the team in Angola who participated in the successful installation of 160 meters of straddle packer assembly for gas shut-off on the HUN-105. This was a complicated, multi-run, rigless operation requiring seamless interface.

News 12 March 2013

COPENHAGEN, Denmark – Welltec’s latest e-line innovation, The Well Cutter™, has won the OTC Spotlight on New Technology award as one of the latest, most advanced technologies that are leading the industry into the future.

News 28 February 2013

Key Highlights Welltec® delivered a strong financial performance in 2012, combining accelerated growth with high profitability and solid cash generation. The results are higher than anticipated in the outlook provided in the Annual Report 2011 and in line with the guidance presented in Welltec’s interim report for the third quarter.

News 26 February 2013

An operator was experiencing ESP failures and needed to retrieve and replace the pumps from two highly deviated wells located on a remote offshore island with limited CT unit availability. Welltec’s lightweight, highly mobile e-line technology was the preferred solution for the job, due to its nimble, reliable and cost-efficient nature.

News 15 February 2013

Using the Well Stroker and Well Tractor to install telemetry systems is up to four times as efficient as using coiled tubing, as it can be done in just one run.

News 9 February 2013

Welltec provided a swift solution, when an operator offshore Denmark needed to remove a temporary glass plug in an oil producing well in order to gain access to the reservoir below. The Welltec e-line solution was better suited to address the space and time constraints than conventional coiled tubing.

News 31 January 2013

During a Riserless Light Well Intervention (RLWI), Welltec has set two new world records: successful removal of asphaltenes on e-line; and a new RLWI water depth record of 3,991 ft (1,216 m).

News 30 January 2013

Pursuant to the Rules and Regulations of the Luxembourg Stock Exchange (edition 2012/07), section 903 and section 904(vi) it is noted that Welltec A/S has paid interest on the bonds per 30 January 2013.

News 21 November 2012

Welltec India is pleased to announce that it has been awarded a contract for the provision of Well Tractor, mechanical intervention services along with associated e-line services by BG India

News 15 November 2012

Welltec will disclose its interim quarterly financial report for Q3-2012 on Wednesday 21 November 2012 and will discuss the results during an investor conference call.

News 13 November 2012

Welltec’s latest cutting edge technology continues to prove itself through successful applications. This time, offshore in Russia the Well Cutter was used to cut a Super 13Cr mandrel of a 9 5/8” x 4 1/2” packer so that this intelligent completion could be retrieved.

News 13 November 2012

In this industry you need confidence where it matters, at the well site. When a client demanded production logging (PLT) data from a challenging well located in the UK portion of the North Sea, the incumbent service provider was unable to tractor to the required depth. Welltec had also been mobilized as a contingency, but quickly rigged up and performed the job flawlessly.

News 13 November 2012

Building on an innovative reputation, Welltec has performed another unique, world’s first operation; milling and removal of a hydrate plug using wireline in open water (Riserless) off a Light Well Intervention vessel (RLWI).

News 16 October 2012

Given the option to enact a repair on a malfunctioning SSSV without replacing the completion or shutting in production, one of our clients in Mexico chose to do just that.

News 10 September 2012

To further support the strong, continued demand for Welltec’s services globally, Welltec is pleased to announce expansion of its manufacturing capabilities at the company’s headquarters near Copenhagen, Denmark

News 17 August 2012

Welltec will disclose its interim quarterly financial report for Q2-2012 on Thursday 23 August 2012 and will discuss the results during an investor conference call.

News 3 August 2012

Responsiveness and ingenuity were key elements when Welltec was asked to assist with removing a protective frac sleeve which had been stuck in a subsurface safety valve for 22 years.

News 2 August 2012

Our strong commitment to safety has been recognized by ExxonMobil with the “Catch of The Week” award given to Welltec in Nigeria July 2012. This award reflects our focus as a company to be safe and keep others safe in every situation we encounter.

News 2 August 2012

Welltec Oilfield Services Russia has delivered outstanding service on jobs performed for Sakhalin Energy Investment Company Ltd. (SEIC) from September 2011 to July 2012.

News 1 August 2012

The Well Tractor has demonstrated its value to Shell in Nigeria by successfully conveying a cement bond logging operation more than four times faster than the available, alternative conveyance option.

News 30 July 2012

The largest and leading oil company in Colombia, and one of the top five in Latin America, Ecopetrol, has increased Welltec’s total contract value in excess of 300%. This increase is a result of the high service quality and additional value delivered by Welltec.

News 26 July 2012

Welltec participated in the two day SPE workshop “Water Flooding Offshore West Africa” with contributions that demonstrated our e-line capabilities and commitment to Angola.

News 13 July 2012

With an effective milling campaign in Canada, Welltec has turned a risky, high cost operation into an economical, non-intrusive solution for optimization of a sensitive reservoir.

News 12 July 2012

Capitalizing on strong growth in the area Welltec recently opened a new base in Indonesia. The base is located in Balikpapan where experienced personnel are fully equipped to perform Welltec’s full range of services to clients.

News 15 June 2012

Faced with several wells becoming plugged by scale, an operator was looking for the ideal method to restore well productivity.

News 15 June 2012

Our ability to quickly provide e-line solutions was put to the test when a simple replacement of straddle packers turned complicated. Combining the Well Stroker and Well Cleaner, we efficiently removed a damaged straddle through the DHSV and recovered all the elements left downhole by the damaged straddle.

News 12 June 2012

Welltec’s new Well Tractor NG got off to an amazing start when it tractored an impressive 423,724 ft (80 miles) in a highly deviated well offshore Norway.

News 24 May 2012

Time was of the essence when an operator offshore Norway needed to remove scale on top of a downhole safety valve (DHSV). Welltec removed the scale in one week which was one week faster than broaching that was applied previously.

News 25 April 2012

We will be displaying our newest cutting-edge technology at the OTC this year: The Well Cutter. This is a brand new, e-line conveyed tool designed with a unique cutting mechanism, which means that it leaves a smooth, polished surface.

News 13 April 2012

Welltec had an exceptional showing at this year’s ICoTA in the Woodlands with contributions that clearly demonstrate our value proposition and capabilities within e-line solutions.

News 9 March 2012

Welltec’s newest innovation, the Well Cutter, has made its debut with a successful pipe cutter operation on a 4½” 12.6 #/ft tubular for a Russian operator.

News 3 February 2012

Welltec announced February 2, 2012 the completion of its US$ 325 million aggregate, 8% Senior Secured Note offering (‘The Notes’). Due in 2019, the 144A/RegS offering drew significant demand from institutional investors in both Europe and the US.

News 2 February 2012

Welltec is pleased to announce that it has grown its Canadian operations with the acquisition of Endeavor E-line Services, the wireline portion of Essential Energy Services, Ltd. in Calgary, Alberta. A warm welcome to our new colleagues!

News 27 January 2012

Welltec is proud to announce a recent contract award by Ecopetrol in Columbia for the conveyance services in one of their most challenging projects planned for 2012-13.

News 26 January 2012

A major North Sea operator building on the successful qualification of open hole annular barriers has awarded further work to Welltec, bringing the accumulated value of work to approx. $7MM.

News 10 January 2012

Murphy Oil Malaysia recently completed a highly successful, rigless intervention campaign using Welltec services. Not only did these platform based operations allow immediate production from a well that was temporarily abandoned, but it also saved the time and cost of a rig based sidetrack. The end result is expected to add 20 MMscf/d into the production portfolio.

MAY 1-4, 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. Founded in 1969, OTC’s flagship conference is hel …

Location: HOUSTON, TEXAS
Exibition: YES
Presentation: NO

MAY 7-9 2017

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas reserves in the world. Every year, the country hosts an international Oil Show in different oil, gas, refining and petrochemical sectors. It is among the most sign …

Location: Tehran
Exibition: Yes
Presentation: No

SEPTEMBER 5-8, 2017

SPE Offshore Europe is recognized by offshore E&P professionals as one of Europe’s leading E&P event. Attending will ensure you are up to date with the most significant technologies and can connect with a global network of 56,000 attendees. Wel …

Location: ABERDEEN, UK
Exibition: YES
Presentation: NO

OCTOBER 9-11, 2017

ATCE is SPE’s annual meeting of members and features groundbreaking papers and special technical events designed to accelerate the application of innovations in every technical discipline. Attendees come from around the world to ATCE to keep up with th …

Location: SAN ANTONIO, TEXAS
Exibition: YES
Presentation: NO