Weatherford wins contracts with Kuwait Oil Company and Qatar NOC
Weatherford has announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar.
KOC awarded Weatherford a Managed Pressure Drilling (MPD) services contract, focusing on improving operational efficiency, enhancing safety, accelerating well-delivery timelines and reducing costs by deploying Weatherford鈥檚 innovative Victus鈩 Intelligent MPD system. Known for its automation and precision, Victus鈩 enables safer and faster drilling by providing precise pressure control and real-time data integration to optimize well conditions in complex drilling environments. This advanced technology is set to support KOC鈥檚 goals for enhanced safety, speed, and cost efficiency in well delivery.
In addition, Weatherford has secured a five-year contract with an NOC in Qatar to provide fishing and drilling tools, with a five-year extension option. This contract highlights Weatherford鈥檚 commitment to supporting the NOC鈥檚 operational resilience by offering advanced fishing and drilling solutions. These tools, combined with Weatherford鈥檚 technical expertise, will assist the operator in overcoming challenging fishing scenarios, ensuring continuity and efficiency in their drilling operations.
鈥淲eatherford is honored to partner with both KOC and an NOC in Qatar,鈥 said Girish Saligram, President and Chief Executive Officer of Weatherford. 鈥淭hese agreements underscore our commitment to delivering cutting-edge technologies and dependable service, reinforcing our position as a trusted partner in the Middle East and supporting regional operators in achieving their enhanced safety, efficiency and resilience goals.鈥