April 27, 2026
ALLERØD, Denmark, April 27, 2026 – Welltec® has agreed a multi-year intervention contract through an alliance partner to support Equinor operations, in an agreement estimated to exceed NOK 1 billion for the fixed period only.
The award which was signed on April 27 ensures the continuation of a long-standing collaboration with Equinor in which Welltec provides cutting-edge intervention services to Gullfaks and Statfjord fields amongst others. Welltec’s presence on the Norwegian Continental Shelf reaches as far back as when the company was first established.
“Equinor is a long-standing client of more than 30 years, and it was with Equinor that the first-ever Well Tractor® operation was conducted at Welltec’s very beginning”, says Tommy Eikeland, Chief Commercial Officer at Welltec.
“Since then, we’ve forged an excellent collaboration through a common goal for safe and efficient operations, continuously improving through technology, and we very much look forward to continuing this journey together”, adds Eikeland.
While the original agreement included optional extension periods of three times two years, the current award represents a firm three-year extension, providing continued operational continuity and visibility, with an additional two times two optional period.
About Welltec
Welltec® is a global technology company committed to optimizing energy for the future. Since our beginning in 1994, we’ve pioneered innovative solutions for oil and gas operators, rapidly expanding to become a leader in high-tech completion, intervention, and new energy solutions.
As the energy industry evolves, so does Welltec. Our solutions address the critical demands of today’s industry by focusing on three core areas: maximizing reservoir contact with advanced completion technologies; optimizing recovery through fast, efficient, lightweight intervention services; and minimizing environmental impact via sustainable energy solutions, including geothermal energy, and carbon capture, utilization, and storage (CCUS).
With more than 30 years of experience, Welltec is shaping the future of energy, collaborating with partners to deliver innovative solutions that enhance efficiency, ensure operational excellence, and drive sustainable energy advancements.