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Petro Welt Technologies Value Stock - Dividend - Research Selection

Petro welt technologies

ISIN: AT0000A00Y78 , WKN: A0JKWU

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Description of the company

Petro Welt Technologies AG provides oil field services Russia and Kazakhstan. The company operates through two segments, Well Services; and Drilling, Sidetracking, Integrated Project Management (IPM). Its well services include hydraulic fracturing, multi-stage fracturing, cementing, and coiled tubing. It offers services for large and selected medium-sized oil and gas companies. The company provides services that enhance the productivity of existing wells or reactivating idle and abandoned wells; and IPM services, such as order processing, contract management, and the management of services rendered by subcontractors, including measurement while drilling, logging while drilling, and liner cementing. Its IPM services also include drilling fluids, drill bits, casing and liner programs, downhole motors and turbines, etc. As of December 31, 2016, the company had 26 sidetracking rigs, 16 fracturing fleets, and 15 drilling rigs. The company was formerly known as C.A.T. oil AG and changed its name to Petro Welt Technologies AG in August 2016. Petro Welt Technologies AG was founded in 1991 and is headquartered in Vienna, Austria.

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