Our story
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.
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
Read more about our Intervention services
Since 1996, we have received a number of industry awards for innovative thinking and for pushing the boundaries of what can be achieved technically.
As a company we have also been honored with prizes that recognize our contribution to excellence in export.
| Year | Award |
| 1998 | We win Woelfel Best Mechanical Engineering Innovation Award for the Well Tractor® |
| 1999 | We receive Gazelle of the year |
| 2003 | We are awarded Woelfel Best Mechanical Engineering Innovation Award for the Well Stroker® |
| 2006 | We win Entrepreneur of the Year |
| 2008 | We were awarded the ONS Innovation Award and OTC Spotlight on New Technology Award for the Well Cleaner® RCB |
| 2011 | We win the entrepreneurial prize “Owner-Leader of the Year” |
| 2013 | For the third time we win the OTC Spotlight on New Technology Award, this year for the Well Cutter® |
| 2013 | The Well Cutter also wins the ICoTA Intervention Technology Award |
| 2015 | The Welltec® Annular Barrier wins the OTC Spotlight on New Technology Award |
| Year | Award |
| 1996 | We are awarded Petroleum Technology Transfer Council Award |
| 1999 | We win Special Meritorious Award for Engineering Innovation |
| 2002 | We proudly receive King Frederik 9th Award for Excellence in Export |
| 2005 | We receive World Petroleum Council Meritorious Award for Technical Excellence |
| 2007 | We win Woelfel Best Mechanical Engineering Innovation Award for the Well Miller® |
| 2009 | We achieve the OTC Spotlight on New Technology Award for the Well Cleaner® PST |
| 2012 | The Well Cutter wins Mediehuset Ingeniørens Global Award. Offshore Northern Seas (ONS) we win Best Stand >50m2 |
| 2014 | The Welltec® Lateral Intervention Tool (WellLIT) wins the ICoTA Intervention Technology Award. Welltec wins Best Custom Build of the APPEA 2014 exhibition |
| 2020 | We receive CFI.co award for Most Innovative Technology Solutions Europe 2020 |