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Welltec secures award from Ecopetrol Colombia

ALLEROED, Denmark -- Welltec Corporation, a Danish-based service company, has been awarded a direct, four-year contract from Ecopetrol Colombia for the supply of Well Tractor conveyance and Well Cutter services. The initial contract value is in excess of $5 million with options to increase as required.

“Ecopetrol (NOC) Colombia is focused on exploration and development of assets in Colombia. Ecopetrol is developing a campaign of drilling horizontal wells in several of its main fields in which the use of tractor technology represented significant savings in rig time and minimized risk by avoiding pipe operations. With the new contract we expect to continue having the benefits of using tractors as well as to introduce the use of non-explosive cutters, particularly due to regulations in Colombia for explosives transportation.” stated Diana Patricia Chaparro Corredor, leader of Reservoir Optimization Group.

Welltec has been providing Well Tractor conveyance services to Ecopetrol since January 2012, resulting in efficiency gains for Ecopetrol over other conveyance methods. Similar to the previous contract, this nationwide agreement provides conveyance solutions for open hole, cased hole, perforation and production logging services plus, new technology additions such as the Well Cutter for performing mechanical cutting operations.

Welltec is the world’s leader in providing tractor technology for conveyance solutions as well as the foremost provider of milling, clean-out and mechanical solutions globally. These technologies have been successfully developed and applied by Welltec for nearly two decades, creating a market for workover services accomplished on electric line.

02/19/2014

 

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