Welltec Russia wins 2-year Well Tractor contract

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.

The project scope includes 19 wells located across northern Russia land and involves arctic challenges for which Welltec’s solutions are exceptionally well suited and qualified for.

Lars Mangal, Welltec Chief Commercial Officer & Senior Vice President of UK, Russia/CIS and Continental Europe, explains “This is a key award giving Welltec the opportunity to further demonstrate our unique, inherently safer robotic electric line deployed well intervention technologies in the Russian market. Compared to traditional pipe based intervention methods, Welltec enables well intervention operations to be mobilized at short notice and with significantly reduced operational risk. Our Well Tractor conveyance systems enable production logging campaigns to be conducted with much improved data quality and greater flexibility for mobilizing in Arctic environments. This award also confirms the high degree of confidence operators in the Russian market have in our Welltec Russia team working in their field operations and the associated high levels of outstanding service delivery performance being realized as a result. ”

Contact: Rick Schafers, Welltec Area Vice President, Russia & CIS