Value Proposition
At Welltec we create substantial returns on investment (ROI) for our clients by increasing their production, revenue and prolonging the producing lives of their wells and reservoirs. We provide reliable services that add value to operators of deviated, horizontal and vertical wells. Welltec provides certainty of execution on mission-critical applications including in technologically challenging wells. The value we create for our clients is clearly reflected in the chart below of a major North Sea operator’s ROI when using our services.
Clients use our reliable, efficient and clean technology services to unlock enormous value: higher production levels and revenue; increased oil recovery in maturing reservoirs around the world; optimal reservoir management; water prevention; lightweight, rig-less and riserless intervention; more effective well completion and stimulation – all with certainty of execution.
In addition, our services are sometimes the only approach that can solve down hole challenges and/or are significantly more effective than traditional approaches. This is due to documented superiority in technical criteria such as force and speed exerted, performance under high-temperature, high-pressure, acidic, sandy, abrasive environments, etc.
Furthermore, we deliver these benefits with high-technology equipment that applies precisely-controlled force to small and localized parts of the well. Our services are akin to “keyhole surgery” for the oil and gas industry and have similar benefits: greater effectiveness and reliability with significantly more speed and safety than invasive methods that can damage the well and reservoir. As a result, we increase our clients’ production revenue, reduce their down-time and prolong the economic lifespans of their wells and reservoirs, while at the same time reducing their risks. Due to these benefits, the application of our dependable services has expanded enormously during the past 10 years. Welltec technology is now the preferred solution of North Sea operator Statoil as shown in the chart below.
Because we utilize proprietary high-technology equipment that is light but strong, our service teams are small and agile, comprising only two or three highly-trained professionals. Hence, we reduce the time and personnel required to perform oilfield services, which is of particular importance at offshore locations. Our teams assemble and travel to remote locations quickly and mobilize their equipment within a matter of hours. This has a knock-on effect on associated costs, which – combined with rapid ROI, certainty of execution and technical effectiveness – create enormous value for our clients.
Beyond these core business benefits, Welltec’s clean technology advances our clients’ ongoing efforts to enhance personnel safety and health while reducing their environmental risks, fuel consumption and carbon footprints. By employing local personnel whom we train extensively we also help clients promote host-countries’ local content and skills development objectives.
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