New Welltec Annular Barrier Nets $7MM Contract

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.

The scope of work covers both further qualification and commercial supply of the Welltec Annular Barriers (WAB) extending the range of solutions available. The WAB solution enables cementless well completions to be realized, providing a combination of cost savings and enhanced oil recovery for a large offshore field development program.

Please click here for more information about the Welltec Annular Barrier.