- Weatherford International ( NASDAQ: WFRD ) said Monday it received a five-year contract from state-owned Abu Dhabi National Oil Company (ADNOC) for directional drilling and logging-while-drilling services.
- The contract is valued at over $400M and ADNOC has an option to extend the contract for an additional two years.
- WFRD said deploying its drilling services will add value to ADNOC's drilling operations by minimizing operating expenses, reducing risks and optimizing production.
For further details see:
Weatherford International gets $400M contract from UAE's ADNOC