Welltec: Most Innovative Technology Solutions Europe 2020

Welltec was founded in 1994, but the robotic well solutions business concept had been percolating for much longer. As part of a university thesis project, founder and CEO Jørgen Hallundbæk pioneered a technology that would be a revelation to the oil and gas industry and form the basis of a multinational business with a workforce of nearly 1,000 professionals in 50 countries. Welltec operates with an entrepreneurial, can-do mindset and is constantly assessing situations and trends to provide cutting-edge products and services.

Sustainability is a core component of Welltec corporate strategy, and the company has been engaged in the fight against climate change for the past 25 years. Safety and environmental protection are paramount, with an advanced IT infrastructure and continuous training central to this focus.

The company is a trusted partner to its clients, providing them with innovative well interventions and completions, aimed at reducing carbon footprints and supporting all phases of a well’s life from appraisal to plug and abandonment. More recently, Welltec has turned its attention towards renewables and geothermal resources by developing and adapting its technology.

Welltec attracts top talent and its teams take initial crude concepts to ground-breaking market solutions in record time. Its technology is deployed throughout the world by a truly international operations organization. Clients are assured of exacting standards of quality and safety as the business develops and manufactures everything in-house, including equipment and spare parts.

For its role in climate change transitions for the energy industry, the CFI.co judging panel presents Welltec with the 2020 award for Most Innovative Technology Solutions (Europe).