Petro Welt Technologies AG

Petro Welt Technologies AG provides oil field services to oil and gas companies in Russia and Kazakhstan. The company operates through Well Services; Drilling, Sidetracking, Integrated Project Management (IPM); and production of proppant segments. Its well services include hydraulic fracturing, multi-stage fracturing, cementing, and coiled tubing. 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, mud drilling, drill bits, casing and liner programs, downhole motors and turbines, etc. In addition, Petro Welt Technologies AG produces microproppant, ceramic proppant, and resin-coated proppant. As of December 31, 2017, the company had 26 sidetracking rigs, 18 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.