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Danish provider of well completion and intervention technology for oil and gas producers, aimed at better reservoir recovery.
Welltec A/S, founded in 1994 in Denmark, focuses on advanced completion and well intervention solutions. It was co-founded by Jong Lee, Jørgen Hallundbæk and Lee Koo, and Jørgen Hallundbæk is CEO. Its technologies aim to maximize reservoir contact, improve recovery and reduce environmental impact, and are sold to oil, gas and renewable energy operators in North America, Europe, Asia and the Middle East. Revenue for 2023 was EUR 215.51 mn with EBITDA of EUR 164.3 mn. The company raised EUR 103.3 mn from EXOR on February 10, 2016.
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