The launch of a new facility in Denmark by Welltec at the end of
August served to underline the role that technology is playing in
enabling the efficient extraction of hydrocarbons.
Andrews Kurth (Middle East) DMCC managing partner
Hugh Fraser and attorney
Stine Thorup were in the Danish offshore capital Esbjerg for
the event.
Founded in Denmark in 1994, Welltec currently has subsidiaries
in more than 29 countries and 1,000 employees. In 2013, revenue was
$321 million. Its technology—including the Well
Tractor—has consolidated it as a world leader within
lightweight and tractor based well intervention solutions.
The 77,500 square foot transformation center in Esbjerg will
produce Welltec's expanding fleet of unique completion
products, including the Welltec Annular Barrier (WAB). The WAB is a
fundamental part of its Flex-Well concept which opens up new ways
of integrating well design and interventions. With the Flex-Well
concept it is possible for operators to
