Houston, July 31, 2000
Weatherford International, Inc. (NYSE: WFT) today announced that it has been awarded a contract with Texaco Brazil, S.A. for casing running, fishing, drilling and rental tools, a liner hanger and cement hardware for four wells in the Campos Basin. Offshore exploration is scheduled to begin in September 2000.
The package includes Weatherford’s specially modified Total Tubular Services Casing Management Program, which will significantly reduce the number of contractors required for Texaco's drilling program by managing tubulars both onshore and offshore. Weatherford will also provide a full-time fisherman during all aspects of the drilling phases.
“Our strategic location in Brazil’s Campos Basin, coupled with broad product offering and a strong safety and performance record, allows us to meet the challenges of this growing market for Texaco,” Roberto Huertas, Weatherford Drilling and Intervention Services Vice President for Latin American, said.
Houston-based Weatherford International, Inc. (http://www.weatherford.com) is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in over 50 countries and employs approximately 10,000 people worldwide.
Contacts:
Karen Gillen Allen (713) 693-4248
Weatherford International, Inc.
515 Post Oak Blvd, Suite 600
Houston, Texas 77027
713-693-4000