WFRD - Weatherford secures five-year contract from Petrobras in Brazil

2023-07-13 04:13:47 ET

• Weatherford International ( NASDAQ: WFRD ) said on Wednesday it has been awarded a five-year contract to provide intervention services for oil and gas giant Petrobras in Brazil.

• The oilfield services provider has performed subsea intervention and commissioning services in Brazil in close cooperation with Petrobras for more than 20 years.

• Per the terms of the current award, Weatherford ( WFRD ) will provide its state-of-the-art digitalization solution, the Centro well construction optimization platform, which provides exceptional visibility and performance in operations.

• The deal comes weeks after Weatherford won a three-year contract with Saudi Arabia’s Aramco for the provision of drilling services.

• More on Weatherford International:

• Weatherford rallies after strong Q1 earnings beat, upbeat guidance

• SA analysis: Weatherford: The Turnaround Is Happening Fast

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