Article · Wikipedia archive · Last revised Jun 18, 2026

Welltec

Welltec, based in Allerød, Denmark is an international provider of robotic well solutions for the oil and gas industry known for its flagship "Well Tractor". The company was established in 1994 by Jørgen Hallundbæk, who conceived the idea behind the Well Tractor while he was a graduate student at the Technical University of Denmark.

Last revised
Jun 18, 2026
Read time
≈ 1 min
Length
145 w
Citations
2
Source
Wikipedia ↗
Welltec A/S
IndustryOilfield Services
Founded1994
FounderJørgen Hallundbæk
Headquarters
Allerød
,
Denmark
Key people
Peter Hansen (CEO),
RevenueDKK 2 billion1
OwnerExor N.V. (47.6%)
Websitewelltec.com

Welltec, based in Allerød, Denmark is an international provider of robotic well solutions for the oil and gas industry known for its flagship "Well Tractor". The company was established in 1994 by Jørgen Hallundbæk, who conceived the idea behind the Well Tractor while he was a graduate student at the Technical University of Denmark.2

In 2003 the company went from being a subcontractor to other service companies to being a direct contractor to the operators and today the company has established over 45 offices worldwide and employs more than 1,000 people..

See also

See also

References

References

  1. "Vækst-eventyr aftager for børskandidat" (in Danish). Børsen. Archived from the original on 2019-07-13. Retrieved 2010-01-04.
  2. "Exor to buy Welltec stake for $116 mln". Reuters. 2016-02-10. Retrieved 2021-10-13.
External links