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TRANSFORMING THE UPSTREAM OIL AND GAS INDUSTRY

A VISION MADE REAL

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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 more than 1,000 employees.

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Health & Safety

The health and safety of our employees, clients and everyone else who we interact and operate with is of paramount importance to us. It’s a concern that goes far beyond our legal obligations and we take all possible measures required to protect any person involved in our operations.

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Business ethics

All our employees share a common set of values and objectives. One essential aim is to uphold ethical standards in every market we serve, and we always strive to do business with customers and suppliers of equally sound business character and reputation.

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Investors

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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MANAGEMENT

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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JOIN THE INNOVATORS

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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