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Our story

Back in 1987 our future founder had an idea, the first of many. As part of his thesis for The Technical University of Denmark, Jørgen Hallundbæk, invented the Well Tractor. An innovation that transformed the industry and led to Jørgen establishing Welltec® in 1994. This commitment to thinking AND doing different, still runs deep throughout the company today as does our ongoing aim to continually improve upon existing practices. From one man’s vision, we are today a multinational organisation with a workforce of over 850 employees.

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Committed to sustainability

Preserving the environment, the health and safety of our employees, clients and everyone else who we interact and operate with, as well as keeping high ethical standards in every market remains an essential part of our business, culture, and growth strategy. From the factory floor to the seabed, we’re developing next-generation solutions and practices to reduce negative impacts and improve sustainability.

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On November 28, 2017, we announced the completion of our USD 340 million aggregate, 9.50% Senior Secured Note offering (‘The Notes’). Due in 2022, the 144A/RegS offering drew significant demand from institutional investors in both Europe and the US.

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Every member of our corporate executive management team has extensive experience from different types of industry, ensuring a strong governance of our growing company.

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Development & engineering

Our Development & Engineering (D&E) group is divided into sub functions including pure engineering & design which encompass electrical, mechanical and hydraulic engineering disciplines as well as software engineers and manufacturing, including CNC specialists.

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Working for us means living by the creed that ‘anything is possible’. Ours is an innovative, entrepreneurial mind set and it’s one that’s incorporated throughout the company. Now an established, growing influence across all the world’s major oil-producing areas, we are continually opening new offices around the globe. Our workforce is therefore truly international and as a result of our ongoing success, we’re always looking for the right new talent to join our team.

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