Weatherford International will present the U.S. oil and gas industry’s only Production 4.0 forum. Company announced its largest-ever contract for deep-set safety valves. Company announced it has signed a $220 million, three-year contract with the Abu Dhabi Company. Company announced the signing of a five-year Corporate Procurement agreement. Enterprise Software Conference from October 7 to 8 at the Westin Houston at Memorial City. The Company expects that the effective date of the Plan will occur before year-end. Company announced the signing of an $87 million contract for fishing.
Company announced it will showcase its life-of-well innovations at Offshore Europe 2019. The four-year deal represents the largest liner-hanger frame agreement. Energy leaders from Amazon and Microsoft will join Production 4.0-driven oilfield operators. Company has announced the release of the Mamba, a severe-service sucker-rod coupling engineering. It included Apache Corporation and Targa Resources, and management consulting firm McKinsey & Company. Weatherford will deliver 24 Optimax™ deep-set safety valves in the next four years.
“Customers trust us to get the job done right the first time”, said Dean Bell, President of Well Construction.
The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco. The four-year agreement represents the largest fishing contract ever signed by Weatherford. Mark Hopmann. Weatherford is the market leader for liner-hanger technology across the North Sea. Company discuss the role of digitalization in the near and long-term future of oil and gas production. It guided by a principle of flawless execution. Weatherford liner-hanger systems offer durability in routine.
WESC 2018 attracted more than 110 companies from the U.S. upstream. Designed exclusively in a co-commercialization collaboration with ExxonMobil. The premium systems are field-proven in the harshest environments. It including standard, spray metal, and premium friction-resistant materials used in high-abrasion areas. It also constitutes the largest single global award for this scope in the recent past. It available in a selection of two proprietary coatings, a single-stage process. Weatherford is the global leader for fishing and intervention services.
Weatherford Production 4.0 products, including ForeSite Edge, ForeSite Platform. For nearly a century, oil producers have come to rely on the artificial lift of rod pumping. Weatherford is energized by the opportunity afforded by Saudi Aramco. The three-year development and commercialization of the new friction-reducing technology. CygNet Platform and ForeSite Sense activated field-wide intelligence to maximize production. The summary highlights only certain substantive provisions of the Plan. The high-quality designs help operators to reach total depth with reliability.
Weatherford delivers the future of production performance through next-generation automation. Customers trust us to get the job done right the first time. Offshore Europe 2019 will serve as a platform to demonstrate each of the Company’s core business segments. The Company’s liner-hanger technology reduces the length of the last liner set. The agreement sets the stage for future collaboration and will unlock both game-changing technology. Rather than extending a single casing string to the top of the wellbore.
IoT infrastructure and advanced optimization software to boost production, uptime and efficiency. Best-in-class crews and unequaled global support have experience that makes the difference. The four areas will feature the powerful technologies. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells. Weatherford and ExxonMobil executed the exclusive agreement. The savings are substantial versus a conventional casing run. The agreement resulted in the commercialization of a premium line of friction-resistant.
Production 4.0 tools from Weatherford empower operators to connect the well. Weatherford is excited to work with Saudi Aramco now and long. Claims under the Company’s secured term loan facility and 364-day revolving credit facility. Weatherford is one of the largest multinational oilfield service companies providing innovative solutions. Surface facilities for integrated asset management also prioritizing operations with economic analysis. Company look forward to working with Weatherford to develop breakthrough energy technologies.
“WESC 2019 will give U.S. operators insight into best practices”, said Kyle Chapman, president of production for Weatherford.
Predictive analytics and instant intelligent alerts reduce failures and minimize deferred production. Claims under the unsecured revolving credit facility shall be paid in full in cash on the Effective date. The Company operates in more than 80 countries and has a network of 620 locations. Company also generating instantaneous IoT notifications to minimize downtime. The robust product portfolio aligns with our goal to safely achieve production. Magnus is demonstrating consistent reliability, a critical element of the contract award.
The Optimax deep-set safety valve protects against catastrophic loss of well control. Weatherford has provided fishing services to worldwide customers. It including manufacturing, service, research and development. Company supporting the sustainable development of the Kingdom. The collaboration reveals the kind of breakthrough innovations. The Weatherford Optimax deep-set safety valve is a victory in innovative thinking. Kyle Chapman, President of Production at Weatherford agreed that the mutual drive. It accelerating Production 4.0 and transitioning from yesterday’s conventional legacy systems.