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 stage and started the event by explaining Welltec’s vision, our ambitions in Esbjerg and how the new facilities will enable those items. He was followed by the mayor who presented us with a bonsai tree to symbolize the deep roots he hopes Welltec will grow in his city.
The 77,500 square foot facilities will be producing our expanding fleet of unique completion products, including the Welltec Annular Barrier (WAB). The WAB is a fundamental part of our Flex-Well concept which opens up a whole new way of integrating well design and interventions. With the Flex-Well concept it is possible for operators to design their wells to achieve optimal maintenance and production for the life of the well. In short, Flex-Well enables operators to produce oil and gas safer, more sustainable and with higher recovery.
To illustrate the Flex-Well concept our VP Well Completion Solutions, Paul Hazel, presented a hands-on demonstration of a lower completion with Welltec components. Alongside were the intervention tools which would enable the maintenance and optimization of the reservoir through data gathering and manipulation of the components.
We also treated the visitors to a wide array of tool demonstrations, including a sneak peak at our new software Omnificent. This latest innovation from Welltec offers the industry a fully interactive and integrated real time representation of well schematics, survey data, toolstring position and diagnostics data.
2014 actually marks the 20th anniversary for Welltec as a company and we could not think of a better way to celebrate than opening a Transformation Center to embody our vision for the industry. We look forward to new adventures and we are very excited about what will come!