Weatherford awarded eight-year monitoring contract by Romgaz

Weatherford (WFRD) International announced that it has been awarded an eight-year contract by SNGN Romgaz S.A., the largest natural gas producer and main supplier in Romania, and the third largest gas producer in Europe, to deliver services for real-time monitoring and transmission of dynamic parameters from the wellheads of gas wells, improving production optimization through digital and AI-enabled insights. This award marks the first time Romgaz has sought such services, reflecting its commitment to advancing digital transformation and production automation. Under the agreement, Weatherford will partner with Romgaz to implement a wellsite monitoring campaign across thousands of existing wells. Leveraging cloud infrastructure, Weatherford technology will acquire critical data from field locations to provide Romgaz with key information for production decisions. This information will guide in-field, Weatherford-supplied automated infrastructure to deliver Romgaz’s goal of production optimization.