Mr. Hallundbæk founded Welltec in 1994 – materializing a vision that since has transformed the way the oil and gas sector operates by introducing technology which enhances the recovery rate and least lowers the environmental risk and impact compared to traditional technology.
With great success Mr. Hallundbæk has developed the business from a minor subcontractor into a direct contractor to the world’s leading oil and gas companies.
Mr. Hallundbæk still plays an active role in the development of new technology and has authored many SPE papers.
The environment is highly prioritized by Mr. Hallundbæk, which is why he from the start has designed all Welltec’s technologies around principles that safeguard the environment.
Mr. Hallundbæk holds an MSc in Engineering, Naval Architecture from the Technical University of Denmark.