BAAR, Switzerland, October 18, 2017 – Weatherford International plc (NYSE: WFT) received top honors in two categories at the 2017 World Oil Awards, held Thursday, October 12, in Houston, Texas. The Raptor™ 2.0 cased-hole evaluation system was named Best Production Technology and the Endura® dual-string section mill was awarded Best Well Integrity Technology.
The Raptor 2.0 system detects bypassed reserves with precise through-casing reservoir characterization, which enables operators to improve production and recovery. The Endura dual-string section mill significantly reduces the time of plug and abandonment operations and creates a stable and verifiable rock-to-rock barrier, enhancing the integrity of the wellbore at the end of its productive life.
“These two awards demonstrate our continuous commitment to innovation and technology leadership,” said Karl Blanchard, Executive Vice President and Chief Operating Officer. “We are proud to provide our customers with competitive technologies and services that address industry challenges and enable operators to produce maximum value from their assets.”
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and YouTube.
Christopher Bausch, Executive Vice President and Chief Financial Officer, +1.713.836.4615
Karen David-Green, Vice President - Investor Relations, Marketing and Communications, +1.713.836.7430