Weatherford awarded framework extension with Equinor

Weatherford International (WRFD) has been awarded a two-year frame agreement extension with Equinor (EQNR) for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview downhole monitoring solutions with the AlphaV next-generation whipstock system building on our track record of enhancing operational efficiency and reducing rig time. Notably, in 2023, Weatherford successfully introduced AlphaV, enabled by the Accuview platform in the North Sea for Equinor. This deployment eliminated the need for a dedicated wellbore preparation run, saving cost and improving operation efficiency through remote monitoring capabilities. Combining these proprietary technologies with those acquired from the Ardyne portfolio, Weatherford recently executed a slot recovery operation, delivering further cost and operational enhancements for Equinor. Through this extension, Equinor also gains access to Weatherford’s ForeSite sense optical reservoir monitoring solution alongside a comprehensive array of completion solutions. Weatherford’s unique offering allows for integrating various measurement types in a single fiber optic cable, simplifying the downhole architecture and facilitating reliable reservoir monitoring as a means to production optimization.