Weatherford International Ltd is one of the top five global oilfield service companies. Weatherford’s products and services span the drilling, completion, production and intervention cycles of oil and natural gas.
Headquartered in Houston, Weatherford employs approximately 17,000 employees globally, operates in 108 countries and has approximately 500 service locations around the world. In the first six months of 2004, revenues were $1.5 billion, compared to $1.2 billion the first half of 2003.
Weatherford was formed in 1998 from the merger of EVI and Weatherford Enterra. Today’s Weatherford is the result of internal growth and innovation, as well as the consolidation of more than 200 strategic acquisitions. These acquisitions have added significantly greater technological and service capabilities to Weatherford in the areas of underbalanced systems, drilling with casing (DwC™), intervention services, intelligent completion systems and production optimisation.
Additionally, Weatherford’s global distribution network has enabled commercialisation of newly developed technologies and globalisation of acquired products and services.
Weatherford’s product and service offerings are segmented into two divisions:
Drilling and well services
This spans our “classic” products lines, which includes well construction, rental tools and fishing services, our newer drilling method technologies – underbalanced, solid tubular expandables and drilling with casing (DwC™) – and our full range of Intervention products and services.
Facts and figures
- In 2003, Weatherford operated 2,873 underbalanced jobs. In March 2004, the company completed its 20th Downhole Deployment Valve installation.
- To date, Weatherford has run more than 380 DwC jobs, as well as a number of Reaming with Casing (RwC™) and Drilling with Liners (DwL™) operations.
- Thirteen of the 20 world-record extended reach jobs used Weatherford liner systems.
- Weatherford has been a leader in developing expandable technology since 1996. MetalSkin™ solid expandable tubulars, the industry’s only compliant casing repair system, increased production for an operator’s injector well in California by 42 percent.
Completion and production systems
This includes our market-leading artificial lift technology, completion systems that range from cased hole to conventional and expandable sand screens (ESS™) and our enhanced production optimisation systems.
Facts and figures
- Weatherford’s new non-elastomeric optimum seal, or NEOS™, designed and constructed with no elastomeric parts, is not susceptible to corrosion factors that commonly plague similar seal stack assemblies.
- In 2003, Weatherford’s worldwide conventional sand control screen footage exceeded 500,000 feet. Likewise, as of 31 December 2003, the company had completed more than 300 installations and expanded more than 30 miles of its Expandable Sand Screen (ESS™) technology.
- Weatherford now offers a comprehensive wellhead product and service package that includes a complete line of standard wellhead equipment and servicing.
- Weatherford’s Production Automation and Optimisation capabilities range from artificial lift hardware to real-time field optimisation software. To date, Weatherford’s solutions have been used to optimise 40,000 automated wells worldwide.
- Weatherford’s Simply Intelligent systems have been installed in more than 50 wells around the world.
- Weatherford offers production chemicals for applications that span from drilling and intervention to completion and production fluid systems.
Developing production-enabling technologies that convert reserves into revenue is a topmost priority for Weatherford. As a result, Weatherford has one of the highest R&D spends in the industry (three per cent of revenue). The company also has two of the largest technology and training centers in the industry, which include three full-size drilling rigs for training and product development, in Houston and Aberdeen, Scotland.
Weatherford’s technology development focuses on three areas: 1) products that drive down well costs; 2) products that increase well productivity; and 3) products that maximise mature reservoirs and the technological challenges of new fields.
For more information, please visit our website: