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Award-winning Drilling Services by Weatherford International plc
HOUSTON, Oct. 24, 2022 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) received a five-year contract exceeding $500 million from Petroleum Development Oman (“PDO”) to deliver Integrated Drilling Services in the Marmul and Grater Saqar fields. Operations are targeted to begin in the fourth quarter of 2022. This award builds on the Company’s reputation as a leader in the oil and gas industry, providing innovative and cost-effective solutions to its clients worldwide.
Weatherford’s Integrated Drilling Services are known for their efficiency and reliability, helping companies like PDO maximize their production output while minimizing costs and risks. The partnership with PDO in Oman is a testament to Weatherford’s commitment to excellence and customer satisfaction.
With a proven track record of delivering high-quality services in challenging environments, Weatherford is well-positioned to succeed in the Marmul and Grater Saqar fields. The Company’s team of experts will utilize advanced technologies and best practices to ensure smooth and successful operations throughout the duration of the contract.
This latest award from PDO further solidifies Weatherford’s presence in the Middle East region and affirms its status as a preferred service provider for the oil and gas industry. The Company’s dedication to continuous improvement and innovation sets it apart from its competitors and drives its success in securing lucrative contracts like the one with PDO.
As operations commence in the Marmul and Grater Saqar fields, Weatherford will continue to uphold its high standards of quality and performance, delivering results that exceed expectations and contribute to the success of its clients.
How will this award from Petroleum Development Oman affect me?
As a consumer, the award received by Weatherford from Petroleum Development Oman may indirectly impact you through potential changes in oil and gas prices. The successful delivery of Integrated Drilling Services in the Marmul and Grater Saqar fields could lead to increased production output, which may help stabilize or reduce fuel prices in the market.
How will this award from Petroleum Development Oman affect the world?
The award from Petroleum Development Oman to Weatherford signifies a significant step towards enhancing global energy security and sustainability. By investing in cutting-edge technologies and services for oil and gas exploration and production, companies like Weatherford play a vital role in meeting the world’s growing energy demands while minimizing environmental impact.
Conclusion
Weatherford’s award from Petroleum Development Oman is a testament to the Company’s commitment to excellence and innovation in the oil and gas industry. As operations begin in the Marmul and Grater Saqar fields, Weatherford will continue to deliver top-tier Integrated Drilling Services that exceed expectations and contribute to the success of its clients worldwide.
