Engages in the provision of oil and gas field services
Petro Welt Technologies AG engages in the provision of oil and gas field services.
It operates through the Well Services and Drilling, Sidetracking and IPM (integrated project management) business segments.
The Well Services segment involves fracturing, cementing and well completion services.
The Drilling, Sidetracking and IPM segment offers services for oil and gas formations.
The company was founded by Volkmar Schütze and Hans Joachim Mundhenk in 1991 and is headquartered in Vienna, Austria.