International provider of robotic well solutions for the oil and gas industry
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Welltec A/S
Industry
Oilfield Services
Founded
1994
Founder
Jørgen Hallundbæk
Headquarters
Allerød
,
Denmark
Key people
Peter Hansen (CEO),
Revenue
DKK 2 billion[1]
Owner
Exor N.V. (47.6%)
Website
welltec.com
Welltec, based in Allerød, Denmark is an international provider of robotic well solutions for the oil and gas industry known for its flagship “Well Tractor”. The company was established in 1994 by Jørgen Hallundbæk, who conceived the idea behind the Well Tractor while he was a graduate student at the Technical University of Denmark.[2]
In 2003 the company went from being a sub contractor to other service companies to being a direct contractor to the operators and today the company has established over 45 offices worldwide and employs more than 1,000 people.[citation needed].
^"Vækst-eventyr aftager for børskandidat" (in Danish). Børsen. Retrieved 2010-01-04.
^"Exor to buy Welltec stake for $116 mln". Reuters. 2016-02-10. Retrieved 2021-10-13.
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