Weatherford Announces Contract Awards with Kuwait Oil Company and NOC in Qatar

Contracts and Partnerships - Weatherford International plc announced two significant contracts in the Middle East, one with Kuwait Oil Company (KOC) and another with a National Oil Company (NOC) in Qatar [1] - The KOC contract focuses on Managed Pressure Drilling (MPD) services, utilizing Weatherford's Victus™ Intelligent MPD system to improve operational efficiency, safety, and cost reduction [2] - The NOC contract in Qatar is a five-year agreement with an option for a five-year extension, providing fishing and drilling tools to enhance operational resilience [3] Technology and Innovation - Weatherford's Victus™ Intelligent MPD system is highlighted for its automation, precision, and real-time data integration, enabling safer and faster drilling in complex environments [2] - The company's advanced fishing and drilling tools, combined with technical expertise, are designed to overcome challenging scenarios and ensure operational continuity [3] Strategic Impact - These contracts reinforce Weatherford's position as a trusted partner in the Middle East, supporting regional operators in achieving safety, efficiency, and resilience goals [4] - Weatherford's commitment to delivering cutting-edge technologies and dependable service is emphasized, aligning with its broader strategy of integrating proven technologies with advanced digitalization [4] Company Overview - Weatherford operates in approximately 75 countries, with 19,000 team members and 330 operating locations, offering innovative energy services that maximize value and return on investment [4]