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Petro Welt Technologies AG (STU:O2C) Business Description

Petro Welt Technologies AG logo
Traded in Other Exchanges
Karntner Ring 11-13, Vienna, AUT, 1010
Petro Welt Technologies AG is a service provider of oilfield services in Russia and Kazakhstan. The operating segment of the company is Well Services and Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM) and Proppant Manufacturing. The Well Services and Stimulation segment comprises hydraulic fracturing, cementing, and coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, and IPM segment encompasses conventional drilling, sidetrack drilling, and integrated project management (IPM). Proppant Manufacturing offers goods for the oil and natural gas industry and manufactures different kinds of proppant in Kopeysk, Russia.