BAAR,
Originally developed for the
The Company's liner-hanger technology reduces the length of the last liner set in the well by several hundred meters. Rather than extending a single casing string to the top of the wellbore, the technology enables suspending the liner below the ground. The savings are substantial versus a conventional casing run, especially considering the associated time and costs for cementing.
About Weatherford
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 more than 80 countries and has a network of 620 locations, including manufacturing, service, research and development, and training facilities and employs more than 24,500 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn,
Contact:
+1.713.836.4615
Executive Vice President and Chief Financial Officer
+1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing Officer
View original content to download multimedia:http://www.prnewswire.com/news-releases/weatherford-signs-80-million-liner-hanger-frame-agreement-with-equinor-300908760.html
SOURCE