Integrated Rig Contracts Headline Agreements
With Iraq's Longest Tenured
Oilfield Services Provider
HOUSTON, Oct. 8, 2019 /PRNewswire/ -- Weatherford
International plc (OTC-PINK:WFTIQ) announced it has been awarded
two fully integrated rig contracts and one well services
(through-tubing intervention) contract with a multinational
operator in one of the world's largest proven oil fields located in
Iraq.
"Weatherford has operated in Iraq since 2006, longer than any other
multinational oilfield services provider," said Frederico Justus, President of the Eastern
Hemisphere for Weatherford.
"During that time, Weatherford
proved to operators in Iraq that
its capabilities across the life of the well reduce costs,
enhance safety and maximize production efficiency. This experience
gave the operator confidence in our ability to execute these
turnkey drilling projects in one of their most strategic global
locations."
For the next two years, Weatherford will provide
integrated services to drill development
wells in one of Iraq's most
productive oil fields. For the next five years, Weatherford will provide in-country support
and specialized well services, including workshop services,
fishing, milling, water shutoff and zonal isolation.
About Weatherford
Weatherford is one of the largest
multinational oilfield service companies providing innovative
solutions, technology and services to the oil and gas industry. The
Company operates in more than 80 countries and has a network of 620
locations, including manufacturing, service, research and
development, and training facilities and employs more than 24,500
people. For more information, visit www.weatherford.com and
connect with Weatherford on
LinkedIn, Facebook, Twitter and YouTube.
Contact:
Christoph
Bausch
+1.713.836.4615
Executive Vice President and Chief Financial Officer
Karen
David-Green
+1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing
Officer
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