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Welltec Secures Direct Award in West Africa from Total Angola

COPENHAGEN, Denmark, January 11, 2013 /PRNewswire/ --

Welltec Corporation, a Danish-based oil and gas services company, is pleased to announce that it has been awarded a direct contract from Total Angola (TEPA) for the supply of conveyance and intervention services.

Total Angola has awarded Welltec® a landmark, three (+1 +1) year contract to provide its pioneering conveyance and intervention technologies and services.

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

"Welltec® as the pioneer and market leader of robotic conveyance and intervention technologies and methodologies is extremely pleased by this landmark award," stated 'Gbenga Onadeko, Vice President, Sub Saharan Africa - Welltec®.

Welltec® is the largest provider of tractor technology for conveyance solutions as well as the foremost provider of milling, cleaning and mechanical solutions which have been successfully developed and applied by Welltec® over the past two decades.

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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