MB Well Services
MB Well Services GmbH is a German oilfield services company operating 24 workover rigs (32-200 tons hook load) across Germany, Austria, Hungary, Romania, and Croatia. It provides drilling, workover, wireline, plug & abandonment, and geothermal services to enterprise energy producers.
- Company typePrivate
- Founded2016
- HeadquartersSalzwedel, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MB Well Services does
MB Well Services GmbH is a German oilfield services company founded in 2016 and headquartered in Salzwedel, operating as a subsidiary of the MB Petroleum Services World Wide conglomerate. It runs a fleet of 24 workover rigs spanning a 32-to-200-ton hook load range, organized into T-series heavy workover rigs and AW-series light workover mobile winches, plus wireline, rig services, plug & abandonment, and geothermal service lines. The company self-describes as Germany's leading workover service provider and has expanded operations into Austria, Hungary, Romania, and Croatia, with international execution supported by sister company MB 2001 Oilfield Services and a Romanian joint venture (Christof MB Well S.R.L.) with J.Christof E&P Services SRL.
Revenue is generated through B2B enterprise contracts — project-based work, tenders, and multi-year framework agreements — with major oil & gas and energy producers including OMV Austria, OMV Petrom, Wintershall Dea, RAG Austria, EWE, and Deutsche ErdWärme. Differentiated technical assets include the GT01 geothermal work platform co-developed with Deutsche ErdWärme for crane-only pump replacement, an internally guyed T41 space-saving work platform retrofit, and the in-development T50 hybrid workover rig targeting reduced CO2 emissions under the #RoadToHybridT50 initiative. Equipment and modification capability is supported by vertical integration with sister company Koller Maschinen- und Anlagenbau (Celle), and the fleet is certified to ISO 9001, ISO 14001, ISO 45001, SCCP, and Achilles FPAL Gold standards. Customer acquisition is field-sales driven via tenders and frameworks, with marketing and employer branding conducted through LinkedIn, DGMK and Celle Drilling conferences, the GeoTHERM expo, and regional job fairs.
MB Well Services firmographics
Firmographics- Name
- MB Well Services
- Legal name
- MB Well Services GmbH
- Website
- https://mbwellservices.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MB Well Services GmbH is a German oilfield services company operating 24 workover rigs (32-200 tons hook load) across Germany, Austria, Hungary, Romania, and Croatia. It provides drilling, workover, wireline, plug & abandonment, and geothermal services to enterprise energy producers.
- Ownership category
- akta.pro rank
MB Well Services industry classification
Industry- Product category
- Oilfield Workover Services
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Directional Drilling & MWD/LWD Services (EUALABAB)
- akta.pro secondary industry
- Shutdown Labor, Rigging & Heavy Lift Support Services (IMAIACAN)
Keywords
Where MB Well Services is headquartered
LocationHeadquarters
- HQ city
- Salzwedel
- HQ country
- Germany
- HQ region
- Europe
Offices3 records
Markets served
MB Well Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Workover Services: Drilling and heavy workover services for oil and gas wells, including maintenance, repair, and intervention operations. Revenue generated through project-based contracts and framework agreements with energy companies.
- Light Workover Services: Mobile winch services for lighter well intervention operations, pump replacement, and plug abandonment work
- Wireline Services: Downhole logging and intervention services using wireline equipment
- Plug & Abandonment Services: Well decommissioning and abandonment services including plugging and backfilling of oil, gas, and geothermal wells
- Geothermal Services: Specialized services for geothermal installations including pump exchange and maintenance
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise service contracts |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
MB Well Services product offering
Product offeringCore offering
MB Well Services provides workover, drilling, wireline, plug & abandonment, and geothermal well services for oil & gas and energy companies. It operates 24 workover rigs across two equipment families: heavy T-series rigs (hook load up to 200 tons) for drilling, sidetrack, cavern, and hydrogen storage projects, and AW-series mobile winch units (hook load ~32 tons) for lighter intervention work. The company delivers projects through direct enterprise contracts, framework agreements, and tenders in Germany, Austria, Hungary, Romania, and Croatia.
Product overview
MB Well Services is a specialized oilfield services company offering an integrated portfolio of workover and drilling services. The company operates 24 workover rigs with hook load capacities ranging from 32-200 tons, organized into two main equipment categories: Heavy Workover (T-series rigs for cavern drilling, sidetrack operations, and hydrogen storage projects) and Light Workover (AW-series mobile winches for flexible intervention work). Supporting services include Wireline Services, Rig Services, Plug & Abandonment Services (well decommissioning and backfilling), and Geothermal Services (including the proprietary GT01 work platform for pump replacement). The portfolio is completed by equipment rental offerings for wireline winches. The company positions itself as Germany's leading workover service provider with international operations in Austria, Hungary, Romania, and Croatia.
Differentiator
Problem solved
Functional benefit
Products and services
- Drilling & Heavy Workover Heavy workover services using rigs with hook load capacity of 32-200 tons, including cavern drilling projects, sidetrack drilling, and hydrogen storage preparation for oil & gas and energy storage companies. Includes named rigs T-48 and T-49.
- Light Workover Mobile winch-based workover services with modern, flexible units offering high safety standards and environmental compatibility. Includes AW22, AW27, AW28, AW25, AW29, AW23, and AW26 units with various capacities for oil & gas operators.
- Wireline Services Wireline intervention and logging services for well evaluation and intervention operations for oil & gas and geothermal operators.
- Rig Services Comprehensive rig management and operational services supporting wellsite activities for oil & gas and energy companies.
- Plug & Abandonment Services Well plugging and abandonment services for decommissioning oil, gas, and geothermal wells. Includes backfilling campaigns with specialized rigs (T50, T48, T44) and over 500 successful P&A operations delivered.
- Geothermal Services
Quantifiable outcome
- 134 tons CO2 saved through sustainable operations in 2025
- +1 more outcomes
Companies that use MB Well Services
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
MB Well Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
MB Well Services partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major and core.
- Balance Point ControlmajorPartner company now part of MB family. Joint presence at GeoTHERM expo and complementary service offerings for geothermal sector.
- EWEmajorEnergy company for hydrogen cavern preparation project in Rüdersdorf. T48 and AW21 deployed for test cavern preparation.
- Koller Maschinen- und Anlagenbau GmbH (KOLLER Solutions)coreSister company located in Celle providing equipment manufacturing and maintenance. Joint equipment development including work platforms, mast refurbishment, and rig modifications. Co-location of Light Workover operations at Koller site.
- J.Christof E&P Services SRLmajorJoint venture partner in Romania through Christof MB Well S.R.L. for well intervention and workover services in Moesia field for OMV Petrom SA.
- Deutsche ErdWärmemajorCo-development of customized GT01 work platform for geothermal pump replacement. Germanys largest private geothermal developer and operator.
- OMV Austria Exploration & Production GmbHcoreMajor long-term workover and plug & abandonment services contract at Gänserndorf site. Multiple rigs deployed with local and Romanian workforce.
- MB 2001 Oilfield Services Ltd.coreSister company in Hungary providing local oilfield services operations. Partnership expanded to Croatia. Collaborative execution of projects including Major Overhauls.
Scale indicators7 records
Recent moves9 records
Expansion highlights6 records
MB Well Services competitors and assessment
Company assessmentBroad incumbents
- Halliburton: One of the world's largest oilfield services companies with a broad portfolio including workover and well intervention. Overlaps with MB Well Services in well intervention services but operates globally with a much wider service portfolio and customer base.
- Helmerich & Payne: US-listed drilling rig operator that acquired KCA Deutag, giving it a major European land drilling and workover footprint. Comparable to MB Well Services in rig-based well services, though with substantially larger rig fleet and broader geographic exposure.
- SLB (Schlumberger): Global oilfield services leader offering well intervention, drilling, and production services across all major upstream markets. Comparable to MB Well Services as a provider of workover and well services, but at vastly larger scale and broader geographic and service scope.
- Saipem: Italian-headquartered oilfield services and engineering company with drilling and workover capabilities. Comparable to MB Well Services in its European base and drilling/workover service offering, but with a much broader portfolio including offshore, E&C, and renewables.
Direct peers
- Archer Limited: Global well services company specializing in platform drilling, well intervention, and oilfield engineering. Closely comparable to MB Well Services in its focus on well intervention services and rig-based operations for oil & gas operators.
- Weatherford International: Global oilfield services company with a dedicated well intervention and workover product line. Directly comparable to MB Well Services in the workover/well intervention service category, though operating globally and at materially larger scale.
- KCA Deutag: One of the largest land drilling and workover contractors in Europe, with operations across Norway, the UK, Russia/CIS, and the Middle East. Highly comparable to MB Well Services in providing rig-based well intervention and workover services, though at significantly larger scale and broader geographic reach.
- Daldrup & Söhne AG: German-based drilling services company focused on geothermal, deep drilling, and water wells, listed on the German scale segment. Comparable to MB Well Services in its German operating base and its crossover positioning between traditional oilfield workover and geothermal well services.
- Expro Group: Global provider of energy services to the oil and gas industry, focused on well intervention, well integrity, and subsea well access. Comparable to MB Well Services in providing specialized well intervention services, though with global rather than Central European geographic focus.
- ADES Group: Middle East-focused drilling and workover contractor operating rig fleets for national oil companies. Comparable to MB Well Services in its rig-fleet-based service model and workover specialization, though geographically concentrated in MENA rather than Europe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MB Well Services social profiles
Digital presenceMB Well Services compliance and trust
Trust signalCompliance5 records
MB Well Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
MB Well Services leadership team
Management profileNumber of profiles
Profiles6 records
MB Well Services subsidiaries and ownership
Company hierarchySubsidiaries2 records
MB Well Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MB Well Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MB Well Services
What does MB Well Services do?
MB Well Services provides workover, drilling, wireline, plug & abandonment, and geothermal well services for oil & gas and energy companies. It operates 24 workover rigs across two equipment families: heavy T-series rigs (hook load up to 200 tons) for drilling, sidetrack, cavern, and hydrogen storage projects, and AW-series mobile winch units (hook load ~32 tons) for lighter intervention work. The company delivers projects through direct enterprise contracts, framework agreements, and tenders in Germany, Austria, Hungary, Romania, and Croatia.
Is MB Well Services a public or private company?
MB Well Services is a private company. It is classified as corporate owned and is currently operating.
When was MB Well Services founded?
MB Well Services was founded in 2016. It employs 11 to 50 people.
Where is MB Well Services based?
MB Well Services is headquartered in Salzwedel, Germany, in the Europe region.
How does MB Well Services make money?
Five revenue lines are on record. Workover Services are the primary driver. The others are light Workover Services, wireline Services, plug & Abandonment Services and geothermal Services.
Who are MB Well Services's main competitors?
Broad incumbents on record are Halliburton, Helmerich & Payne, SLB (Schlumberger) and Saipem. Direct peers are Archer Limited, Weatherford International, KCA Deutag, Daldrup & Söhne AG, Expro Group and ADES Group.
Does MB Well Services have an API?
No public API is recorded for MB Well Services.
What industry is MB Well Services in?
MB Well Services's product category is Oilfield Workover Services. Its primary akta.pro industry code is EUALABAB, Directional Drilling & MWD/LWD Services, with a secondary code of IMAIACAN, Shutdown Labor, Rigging & Heavy Lift Support Services. Its NAICS code is 333132 and its SIC code is 1389.