PETRO WELT TECHNOLOGIE.AG

Petro Welt Technologies AG engages in the provision of oil and gas field services. It operates through the following segments: Well Services and Stimulation; Drilling, Sidetracking, and Integrated Project Management (IPM); and Proppant Manufacturing. The Well Services and Stimulation segment is composed of hydraulic fracturing, cementing, and coiled tubing. The Drilling, Sidetracking, and IPM segment includes conventional and sidetrack drilling, and integrated project management activities. The Proppant Manufacturing segment offers goods for the oil and natural gas industry and manufactures proppant in Kopeysk, Russia. The company was founded by Volkmar Schütze and Hans Joachim Mundhenk in 1991 and is headquartered in Vienna, Austria.