Weatherford

Alexander Kalugin, Geology and Drilling Department, LUKOIL-AIK                                                                          Iskander Kazbulatov, Wireline Engineer, Weatherford                                          Anna Rubtsova, Borehole Seismic Geophysicist, Weatherford Microseismic monitoring is one of the most efficient methods for hydraulic fracturing mapping. Its principle is based on monitoring micro-earthquakes in the strike-slip fault zones at the fracture propagation direction, or …

Weatherford International Ltd. today resolved previously disclosed investigations by the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and the U.S. Departments of Treasury and Commerce. Weatherford will pay a total of $253 million to resolve these cases, a sum which had been previously accrued and …

Weatherford International Ltd.  reported results for the third quarter ended September 30, 2013. Third Quarter 2013 Summary $0.23 per diluted share (non-GAAP), or net income of $177 million excluding after-tax charges of $155 million; FCPA, Oil-for-Food and Sanctioned Countries definitive agreements reached, subject to final SEC Commission and Court approvals; …

Weatherford International Ltd. announces the appointment of Mr. Krishna Shivram as Executive Vice President and Chief Financial Officer,  and the promotion of Mr. Dharmesh Mehta to Executive Vice President and Chief Operating Officer, effective November 6, 2013. Krishna Shivram, age 51, brings more than 25 years of financial and operational …

*Alternate Path® technique ensures full gravel pack in cased and open-hole completion wells *Improves long-term reliability of sand control and reduces workovers *Developed and licensed by ExxonMobil Upstream Research Company ExxonMobil Upstream Research Company has awarded Weatherford International Ltd. a limited international license for the company’s Alternate Path® technology patent …

  How does a MWD system improving drilling efficiencies and formation understanding? Baker Hughes: First of all, let’s go back to industry adopted classification of telemetry systems – MWD (measuring while drilling) and LWD (logging while drilling) systems: MWD systems provide directional survey data (well path), bottom hole temperature, pressure, …

Techinformservice, Weatherford Drilling Services in Russia, reached a new milestone, having drilled an 849 m horizontal hole section at Novoportovskoye field (Yamal Peninsula) operated by Gazprom Neft Novy Port LLC. The section was drilled for 6 days (144 hours) with applying a HyperLine™ motor and HEL Triple Combo (HEL/HAGR/MFR/NDT). Due …

Weatherford International Ltd.  today reported results for the second quarter ended June 30, 2013. Second Quarter 2013 Highlights – $0.15 per diluted share (non-GAAP), or net income of $116 million excluding after-tax losses of $234 million; – Estimated $153 million potential FCPA and Oil-for-Food settlement with the U.S. government; – …

On July 23, 2013 Bugulma (The Republic of Tatarstan) hosted the opening ceremony of the joint venture between Weatherford and Bugulma Electric Pump Plant at the plant’s premises. Rustam Minnikhanov, President of the Republic of Tatarstan, Ildus Kasymov, head of the municipal district of Bugulma, Bugulma Mayor, Dean Kaminski, Vice …

Weatherford implemented the first microseismic monitoring operation during a frac job at LUKOIL-AIK asset. It was performed while four-stage fracturing in a horizontal well at Kogalymskoe field. Microseismic control was carried out by Weatherford’s Wireline PL while intensification with array consisting of 8 digital three-component geophones installed in the deviated …