HOUSTON, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) (the "Company" or "Weatherford") today announced it has been awarded a five-year contract with Petróleo Brasileiro S.A. ("Petrobras") in Brazil, after a competitive tender, to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. This new seven-system contract will commence operations March 2025 and will replace a current six-system contract that began in November 2020.
Weatherford's industry-leading Intervention Workover Control Systems (IWOCS) provide holistic answers for tasks such as tubing-string or tubing-hanger installation, well testing and appraisal, spool-base, and both vertical and ...