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.