Stavanger, Norway (September 23, 2024) - Welltec® and Axter are excited to announce a strategic and exclusive partnership aimed at delivering cutting-edge, advanced Intervention Solutions, including Plug and Abandonment (P&A) and Enhanced Oil Recovery (EOR) services.
This collaboration combines the strengths of both companies to introduce state-of-the-art technologies that significantly broaden the scope of service within lightweight, wireline intervention operations to the energy industry on a global scale.
By merging expertise, Welltec and Axter will offer greater flexibility and value to the intervention market.
“Welltec has built a strong reputation for engineering and manufacturing high-end technologies in well completion and intervention applications. Our advanced in-house engineered solutions enable a wide range of robotic interventions tailored to meet the unique challenges of the P&A market,” says Christian Kruger, VP of Global Business Development at Welltec.
Axter’s CEO, Hans Fjellanger added: “By joining forces with the reputed Welltec team we truly believe this will accelerate the specific Axter technology available to the global energy market. In many ways we see Axter as a game-changer to the intervention market, and combined with Welltec this will now be made available to excel operations worldwide.”
“The Axter electro-mechanical technology platform offers precise real-time acoustic scanning of tubing and annulus along with features like three-axis window milling, gripping, and cutting capabilities, all supported by a highly accurate, fast, powerful stroker and 360˚ orienter, all in a single toolstring,” says Fjellanger.
With complementary strengths and a commitment to collaboration, Axter and Welltec are poised to deliver premium services and establish leadership in the pre-P&A & EOR market.
For more information on these combined innovative services made possible through this partnership, please contact Christian Kruger (ckruger@welltec.com) at Welltec, or Hans Fjellanger (hans.fjellanger@axter.no) at Axter.
About Welltec
Welltec® is a global technology company that develops and provides efficient, hi-tech solutions for the energy industry.
The company was founded in 1994 and grew rapidly by supplying innovative robotic technology to oil and gas operators. In 2010, Welltec introduced a new business segment focused on the development of Completion products. Commercialization of these products began in 2014, and the company is now a global leader in the field of metal expandable packer technology. Welltec’s cutting-edge products and services are designed to optimize the performance and integrity of a well, in any environment. As a well-established and trusted partner to energy industry stakeholders across the globe, Welltec is successfully aiding clients within New Energy and Climate Technology, with a focused approach to help develop geothermal energy, and carbon capture and storage (CCS) projects.
Through advanced engineering and lightweight design, Welltec’s solutions have helped clients increase operational efficiency and reduce carbon footprints in a safe and sustainable way for 30 years.
