O2C.DE - Petro Welt Technologies AG

XETRA - XETRA Delayed Price. Currency in EUR

Petro Welt Technologies AG

Kärntner Ring 11–13
Vienna 1010
Austria
43 1 535 23 20 0
http://pewete.com

SectorEnergy
IndustryOil & Gas Equipment & Services
Full Time Employees3,182

Key Executives

NameTitlePayExercisedYear Born
Mr. Yury SemenovChairman of Management Board & CEON/AN/A1977
Mr. Valeriy InyushinDeputy Chairman of Management Board & CFON/AN/A1972
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

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.

Corporate Governance

Petro Welt Technologies AG’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.