Weatherford Provides 4Q:18 Highlights On Colombia, Mexico

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(Weatherford, 1.Feb.2019) — Weatherford International plc released operational highlights from the Western Hemisphere during the quarter, including highlights on Colombia and Mexico.

— A major operator in Colombia awarded Weatherford a four-year contract valued at $100 million for drilling and completion activities. The contract includes provision of drilling services, surface logging systems, managed pressure drilling, well construction, and completions.

— A Weatherford Integrated Services and Projects team with members from multiple disciplines – including flow assurance, formation evaluation, and completion design – developed a program for an unconventional onshore well in Mexico. The program resulted in oil production that exceeded expectations, which validated recovery of reserves in that developmental play.

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