PRESS RELEASE

Petro Welt Technologies AG established business entity in Romania

Vienna, 27 August 2018

Petro Welt Technologies AG is recognized as a leader in Mobile Drilling operations and Well Stimulation. On the 20th of August 2018, Petro Welt finalized the registration of its local business entity PEWETE

EVO EUROPE S.R.L. in Bucharest, in order to provide the company's services in Romania. Based on experience acquired over the last 20 years, the company will provide mobile drilling rigs of various capabilities suitable to the European market. Having all subsidiaries conformed to HSE management systems certified under ОHSAS 18001:2007, ISO 14001:2015, ISO 9001:2015 standards, PEWETE EVO EUROPE S.R.L. will quickly be in the position to offer all suitable service to Romanian Clients.

Contact:

Martin Wende (Grayling Austria GmbH) IR contact

T: +43 1 524 4300 65 | M: +43 664 605 08 806martin.wende@grayling.com

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Petro Welt Technologies AG published this content on 27 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 August 2018 13:11:08 UTC