Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. The project is slated to begin in the fourth quarter of 2024, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.
The contract leverages Weatherford’s expertise in providing comprehensive rigless services, enabling ADNOC to maximize well productivity while minimizing downtime and operational risks. Weatherford will deploy a suite of technologies designed to enhance wellbore integrity, streamline reactivation processes, and optimize reservoir performance, reinforcing the Company’s commitment to delivering advanced, sustainable solutions in the energy sector. Weatherford’s rigless services are recognized for their efficiency, safety, and cost-effectiveness, making them ideal for revitalizing inactive wells while reducing environmental impact.
Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “We are honored to partner with ADNOC on this significant project, which marks another milestone in our shared commitment to driving value and operational excellence through innovation. With our suite of cutting-edge technologies and expert teams, we look forward to supporting ADNOC’s reactivation goals and furthering our mission to provide agile, reliable solutions to our customers globally.”