A VISION MADE REAL
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 nearly 1,000 employees.
The original Well Tractor changed the entire game. When it was first introduced to the market, it enabled interventions that had never been possible before. The Well Tractor was unique because it facilitated the deployment of other tools into horizontal and highly deviated wells, without involving heavy or large amounts of equipment.
Instead, the Well Tractor is run on electric line that can be as short as 10 ft. Which means it can be transported by helicopter for extremely fast mobilization, significantly reducing the personnel and equipment footprint that is often required by heavier intervention means. The result? Oil companies have changed their strategy based on the new possibilities that the Well Tractor brings to the industry. Their reward? Substantial cost savings plus increased recovery from their wells.
Developing new solutions to specific challenges has since become our hallmark, our signature, one that we are committed to continuing.