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Welltec lands framework agreement with Shell

Danish offshore service company Welltec has secured a framework agreement with Shell. The deal outlines the legal framework for future joint projects. The two companies have been working together for more than 20 years.

Welltec and Shell have entered a framework agreement concerning future projects in the oil and gas industry.

"The purpose of the agreement is to create new technologies for use in the oil and gas industry. This is not a deal with set figures or targets, but rather an agreement that we can use as a future framework for coming for coming ventures with Shell," Martin Skovbjerg, chief legal officer at Welltec, tells ShippingWatch:

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