Welltec in red after a run of profitable years
![](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article5238084.ece/ALTERNATES/schema-16_9/Welltractor_p%25C3%25A5_job.jpg)
"2015 proved to be a challenging year for both Welltec and the broader industry," notes Jørgen Hallundbæk, CEO of Denmark's Welltec, which services the offshore sector and, like most of the company's competitors, was unable to dodge negative developments such as the massive and surprising slide in the oil price.
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