November 15, 2020
Funding awarded from DEMO2000
Exciting times are ahead as Wellgrab, together with our partners Equinor, Repsol and Welltec, secures funding from Forskningsrådet (the Research Council of Norway) to support the launch of our new innovative intervention robot, the Wellgrab Electric Release Fishing Tool (WERFT).
On the announcement, Geir Magne Johnsen, CEO, Wellgrab, said: “As a team of innovators, we realised there was a functionality gap in the market and worked hard to deliver what is a genuine game changer. The technology pairs digital capabilities with a versatile, multi-functional tool, and will drive safer and more cost-effective fishing operations as a result.”
Designed to increase safety, the WERFT is controlled and activated from the surface meaning that at the touch of a button, the operator can easily connect to or from any object that has to be fished out. The tool can be used for retrieving any objects in a wellbore, all fishing operations and for relocating downhole assemblies.
In their evaluation of the application, Forskningsrådet recognized the need for increased efficiency and cost reductions within well intervention, but also highlighted the additional benefits of the robot: It’s contribution to reduced carbon emission, as well as the possibility to use the WERFT as a tool for inspection and interventions in other structures, like factories, waterworks and for sewer systems.
“The funding from Forskningsrådet will have a significant impact on our ability to deliver and build on the technical advances we continue to make in downhole well intervention.
“Together with our partners in the project, we are proud of the recognition the Research Council has shown us by the Demo2000 funding, and we are eager to start working on the project,” states Geir Magne Johnsen.
February 28, 2023
Welltec announces the acquisition of Autentik AS
Welltec A/S, a market leader in Completion and Intervention within the energy industry, announces the acquisition of Autentik AS, a niche technology provider specializing in electric wireline fishing and interventions. The acquisition represents a strategic move by Welltec to expand its downhole intervention capabilities and is in line with the company’s vision to cement itself as the number one provider of hi-tech, innovative products and services.
August 9, 2022
Wellgrab™ ERFT hooks innovation award as tool availability is increased
We are proud to announce that Wellgrab™ ERFT – Electric Release Fishing Tool, is the winner of the 2022 Meritorious Awards for Engineering Innovation (MEAs).