August 27 (SeeNews) - Vienna-based oil field services provider Petro Welt Technologies AG said on Monday it has established a business entity in Romania under the name Pewete Evo Europe.
Based on experience acquired over the last 20 years, the company will provide mobile drilling rigs of various capabilities suitable to the European market through its new Bucharest-based subsidiary, it said in a press release.
Having all subsidiaries conforming to HSE management systems and certified, the new subsidiary is expected to quickly be in the position to offer all suitable service to Romanian clients, it added.
Established in 1991, Petro Welt Technologies AG is one of the leading independent service providers for oil field services in Russia and Kazakhstan.
In the first half of 2018, the company reported sales revenues of 154 million euro ($179 million) compared to 176 million euro a year ago.
($=0.8609 euro)