From one man’s vision, to a multinational and global organization
Welltec AS is first established in Denmark and the first ever tractor field trial is performed with ConocoPhillips.
The Well Stroker is introduced. The first ever downhole linear actuation tool that marks the start of the downhole e-line interventions segment.
Welltec launches its unique Welltec Annular Barrier (WAB) metal expandable packer and Welltec Flow Valve (WFV) signaling its entry into the lower completions segment.
A full-scale Test Flow Loop facility in Esbjerg, Denmark is opened with the sole intention to support testing for Carbon Capture & Storage projects.
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 organization with a workforce of over 1,000 employees.
The original Well Tractor
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.
Substantial cost savings
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.
| Year and award | |
| 1998 | We win Woelfel Best Mechanical Engineering Innovation Award for the Well |
| 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 |
| 2022 | Our Completion team has received the Brazilian regulator, ANP's technology innovation award for our WAB and WFV |
| Year and 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 (WelILIT) 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 |
| 2023 | Welltec® Puncher 218 has won Meritorious Awards for Engineering Innovation (MEAs) |