Petro Welt Technologies AG provides oil field services in the Russian Federation and Kazakhstan. The company operates through two segments, Well Services; and Drilling, Sidetracking, Integrated Project Management (IPM). The Well Services segment offers hydraulic fracturing, including design, fracturing, stabilizing, coating, and cleaning; multi-stage fracturing technology that utilizes longer horizontal well designs to maximize reservoir contact; and remedial/squeeze cementing comprising the sealing of casing to prevent cross-flows by insulation of oil zone from water zone to restore production. The Drilling, Sidetracking, IPM segment provides drilling for vertical, inclined, and horizontal wells for the extraction of oil and gas with a depth of up to 5,000 meters; sidetrack drilling; and IPM services, such as procurement, contracting, and management of third-party drilling-related services, which include programs for drilling mud, drill bit, casing and liner, downhole motors and turbines, measurement while drilling/logging while drilling, and liner cementing. The company has 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.
cat oil ag (O2C:Xetra)
Kärntner Ring 11–13
Phone: 43 1 535 23 20 0
Fax: 43 1 535 23 20 20www.catoilag.com
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