BAAR,
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In applications ranging from conventional land to complex deep water, the Vero solution provides operators with previously unobtainable consistency and accuracy. The solution employs two new proprietary features: AutoMakeup™ technology, which precisely controls the makeup of tubular connections automatically, and AutoEvaluate™ software, which continually assesses torque against original equipment manufacturer specifications.
By applying artificial intelligence at every stage from pipe manufacturing to well installation, the Vero solution removes the uncertainty of human judgment from the connection process. In doing so, the solution can minimize the chance of catastrophic well failures associated with poorly made up connections, as well as significantly reduce the total cost of well ownership, minimize safety risks, and protect corporate reputation.
"The world-first Vero solution is enabled by the most disruptive technology ever introduced in the tubular running space," said
Delivering Results: Vero™ Trial Tests
Offshore Azerbaijan RAN 7 COMPLETIONS WITH MORE THAN 2,900 CONNECTIONS |
Offshore Qatar RECOMPLETED 2 WELLS BY RUNNING STANDS OF TUBING |
North Sea MADE UP MORE THAN 1,200 COMPLETION CONNECTIONS |
ATTAINED ZERO |
DELIVERED 5X GREATER |
ACHIEVED RECORD |
Vero automated connection integrity will make its official debut at ADIPEC 2018 with a ribbon-cutting presentation on
For more information, visit www.weatherford.com/vero.
Forward-Looking Statements
This press release includes forward-looking statements as defined under federal law, including those related to the performance of technology described in this press release. These forward-looking statements are generally identified by the words "believe," "expect," "anticipate," "estimate," "intend," "plan," and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to significant risks, assumptions and uncertainties. Known material factors that could cause the Company's actual results to differ materially from the results contemplated by such forward-looking statements are described in the forward looking statements and risk factors in the Company's Annual Report on Form 10-K for the fiscal year ended
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 90 countries and has a network of approximately 710 locations, including manufacturing, service, research and development, and training facilities and employs approximately 28,450 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn,
Contacts:
+1.713.836.4615 Executive Vice President and Chief Financial Officer
+1.713.836.7430 Senior Vice President, Stakeholder Engagement and Chief Marketing Officer
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