Weatherford bags contract for offshore intervention systems from Petrobras

Weatherford International plc (NASDAQ: WFRD), a global leader in energy services, has announced a significant contract win with Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. This five-year contract, awarded after a competitive tender, is set to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services.

The new contract, featuring seven systems, is slated to commence operations in March 2025, replacing the current six-system contract that began in November 2020.

Weatherford’s Intervention Workover Control Systems (IWOCS) are at the forefront of the industry, offering comprehensive solutions for a variety of tasks, including tubing-string or tubing-hanger installation, well testing and appraisal, spool-base, and both vertical and horizontal Christmas tree installation. These systems are also designed for wellhead-tree cap installation, well-intervention operations with workover blowout preventer, and facilitating oil or gas production for early well tests.

Weatherford Expands Presence in Brazil with New Petrobras Contract

Further enhancing these systems, Weatherford is incorporating its cutting-edge digitalization solution, the Centro well construction optimization platform. Centro offers exceptional operational visibility and performance, exemplifying Weatherford’s commitment to innovation and technological advancement in the oil and gas industry.

Girish Saligram, Weatherford President and CEO, expressed his pleasure at securing another contract with Petrobras, highlighting Weatherford’s expertise in subsea intervention services. This contract, along with the offshore intervention services contract announced in July 2023, underscores the strength of Weatherford’s operations in Brazil.

The partnership between Weatherford and Petrobras is indicative of the ongoing commitment to advancing the productive life of assets in the energy sector. Weatherford’s comprehensive solutions and innovative technologies are poised to make a significant impact on Petrobras’ offshore operations, solidifying its position as a world leader in energy services.