Last updated on April 17, 2014 at 11:32 EDT

Welltec Secures Direct Award in West Africa from Total Angola

January 11, 2013

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(R) a landmark, three (+1 +1) year contract to provide
its pioneering conveyance and intervention technologies and services.

Welltec(R) 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(R) 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(R).

Welltec(R) 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(R) over the past two decades.

SOURCE Welltec

Source: PR Newswire