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Esso Angola Awards Welltec a Direct Contract for Services in West Africa

March 7, 2014

COPENHAGEN, Denmark, March 7, 2014 /PRNewswire/ –

Welltec Corporation, a Danish based, oil and gas services company, is pleased to
announce the award of a three year, direct contract from Esso Exploration Angola (Block
15) Limited (Esso Angola), Operator of Angola Block 15, for the provision of conveyance
and well intervention services including clean-out and mechanical manipulation.

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 lifting operations, personnel and footprint, all contributing to improved risk
management; particularly in environmentally sensitive environments.

Gbenga Onadeko, Welltec Senior Vice President, Africa explains that “Welltec(R), a
pioneer and market leader of robotic conveyance and intervention technologies, is
extremely pleased by this award from Esso Angola. We have provided services to Esso Angola
since 2005.”

Welltec(R) is the largest provider of tractor technology for conveyance solutions as
well as the foremost provider of milling, clean-out and mechanical solutions globally.
These technologies have been successfully developed and applied by Welltec(R) for nearly
two decades.

SOURCE Welltec


Source: PR Newswire



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