Welltec Secures Direct Award in West Africa from Shell Gabon

COPENHAGEN, Denmark, January 8, 2014 /PRNewswire/ --

Welltec Corporation, a Danish based, oil and gas services company, is pleased to announce 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.

'Gbenga Onadeko, Welltec Senior Vice President, Africa explains that, "As the pioneer and market leader of robotic conveyance and intervention technologies, we are extremely pleased by this award from a major client such as Shell Gabon. The continued adoption of our unique, inherently safer, e-line deployed intervention technologies further confirms the advantages of Welltec's value proposition which is rapidly expanding in the region. Welltec is committed to assisting Shell Gabon increase incremental oil production from their existing and future assets."  

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 successfully developed and applied by Welltec® for nearly two decades.

SOURCE Welltec

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