HOUSTON, Jan. 29 /PRNewswire/ -- Weatherford International, Inc.'s (NYSE: WFT) Completion Systems Division announced that a new world record Expandable Sand Screen (ESS) run was performed on Shell U.K. Exploration and Production's Brigantine-A offshore gas well at 15,843 feet with 7,200 feet of 6-inch horizontal reservoir section on Jan. 9, 2001.
In total, 7,000 feet of 4-inch ESS was deployed into the well. Of this 4-inch ESS, 4,920 feet was successfully expanded into the 6-inch horizontal reservoir hole section. Full expansion to contact the 6-inch borehole was achieved using a 4.75-inch solid fixed cone, followed by the Compliant Rotary Expansion System (CRES).
The initial cleanup production rates indicate performance improvement of over 20%, compared to plan and well cost savings in excess of 2 million pounds.
Houston-based Weatherford International, Inc. (http://www.weatherford.com) is one of the largest global providers of innovative mechanical solutions, technologies and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in more than 50 countries and employs approximately 10,000 people worldwide.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning, among other things, Weatherford's prospects for its operations and the integration of recent acquisitions, all of which are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Weatherford International, Inc.'s Annual, Quarterly and Current Reports filed with the Securities and Exchange Commission, include the impact of oil and natural gas prices and worldwide economic conditions on drilling activity and the demand for and pricing of Weatherford's products. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. SOURCE Weatherford International, Inc.
CONTACT: Don Galletly, 713-693-4148, or Christine McGee, 713-693-4362, both of Weatherford International, Inc./