Weatherford

1. In comparison to the total activity in Russia, how important is brownfield development at the moment? Weatherford: The majority of Russia’s oilfields are brownfields with high water cut. Nevertheless, these assets are responsible for most of the local oil production. With the decline in oil prices and subsequent decline …

Weatherford International plc announced that it has won two large contracts with a super-major operator for sand screens and for upper completions products including gas-lift equipment, chemical-injection equipment, subsurface safety valves (SSVs) and downhole measurement tools. These two multi-year contracts will supply this equipment to multiple rig lines drilling extended-reach …

The construction time of a horizontal well at the Verkhnechonskoye oil and gas condensate field has been significantly reduced thanks to drilling a 178-mm production casing interval in a single run using the QuadCombo logging suite. The Verkhnechonskoye field keeps embracing optimization of well drilling and construction. To date, the …

1. In which regions of Russia are lost circulation issues consistently found? Halliburton: In the current economic conditions, many oil companies focus on the development of mature fields. As a rule, such fields have well-developed infrastructure, and their investments have long ago paid off . However, the other side of …

As the largest gathering of drilling professionals in Kazakhstan, the 2nd KDR is a must attend event if you are involved in the Kazakh drilling market. Organized in partnership between TMG Worldwide and JSC NC KazMunayGas, the 1st KDR attracted over 180 delegates from more than 100 separate companies. The …

Weatherford International plc (NYSE: WFT) reported a net loss before charges of $102 million ($0.13 net loss per share before charges) on revenues of $2.01 billion for the fourth quarter of 2015. GAAP net loss for the fourth quarter of 2015 was $1.21 billion, or a net loss of $1.54 per share. Full year revenue was down $5.5 billion and operating …

Weatherford International plc (NYSE: WFT) was awarded Best Oilfield Services Company (International), at the Excellence in Energy Awards Ceremony during the 2015 Abu Dhabi International Petroleum Exhibition and Conference (“ADIPEC”). One of three finalists, including Schlumberger and Halliburton, Weatherford was ultimately recognized as the best for exceptional service to the …

Excellence in Energy Awards Recognizes Exceptional Service to the Oil and Gas Industry Weatherford International plc was awarded Best Oilfield Services Company (International), at the Excellence in Energy Awards Ceremony during the 2015 Abu Dhabi International Petroleum Exhibition and Conference (“ADIPEC”). One of three finalists, including Schlumberger and Halliburton, Weatherford …

Weatherford International plc (NYSE: WFT) reported a net loss before charges of $42 million ($0.05 net loss per share non-GAAP) on revenues of $2.24 billion for the third quarter of 2015. GAAP net loss for the third quarter of 2015 was $170 million, or a net loss of $0.22 per …

Weatherford International plc announced today the commercial release of JetStream® Radio Frequency Identification (RFID) circulation sub at the Annual Technical Conference and Exhibition. Poor wellbore integrity can cause events such as stuck pipe, wellbore collapse, sloughing shales and lost circulation, which are major concerns for drillers in deep water. The …