Shell Gabon awards contract to Welltec

1/9/2014

Shell Gabon awards contract to Welltec

COPENHAGEN, Denmark --Welltec Corporation, a Danish-based service company, has announced the award of a direct, two-year contract from Shell Gabon for the supply of conveyance, well intervention and clean-out services.

"Shell Gabon is focused on realizing incremental production from existing assets in Gabon. The value proposition offered by Welltec's services will enable Shell Gabon to realize their objectives of deploying light intervention technologies to address the challenges found in our more mature assets. In line with the new vision of Shell Gabon, this contract will allow us to have direct access to the suite of innovative technologies and methods available from Welltec" stated Keith Minton, the Head of Petroleum Engineering.

Welltec technologies and services increase flexibility and reduce the mobilization time for key operations compared to conventional intervention methods utilizing coiled tubing or jointed pipe.  Other benefits include a reduction in the number of lifting operations, personnel and footprint, all contributing to improved risk management; particularly in environmentally sensitive environments.

Welltec is the largest provider of tractor technology for conveyance solutions as well as the foremost provider of milling, clean-out and mechanical solutions globally. These technologies have been developed and applied by Welltec for nearly two decades.

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