Weatherford awarded 10K DPR intervention services contract with Petroleo

Weatherford International (WFRD) announced it has been awarded a five-year contract with Petroleo Brasileiro S.A.(PBR) in Brazil, after a competitive tender, to provide Drill Pipe Riser ultra deepwater offshore intervention systems and services. This new seven-system contract will commence operations March 2025 and will replace a current six-system contract that began in November 2020. Girish Saligram, Weatherford President and CEO, commented, “We are pleased to win another Petrobras contract. Weatherford has experience in subsea intervention services to extend the productive life of its assets and this contract, combined with the offshore intervention services contract announced in July 2023, highlights the strength of our Brazilian operations. We look forward to continuing our longstanding partnership with Petrobras.”