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Weatherford International

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Weatherford International Ltd. <tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;"></td></tr>
Type Oilfield services company
Founded  ?
Headquarters Houston, Texas
730 offices around the world

<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Chairman & CEO: Bernard Duroc-Danner (2006)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Oil Well Services</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>Diversified Oil field services</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>Image:Green Arrow Up.svg$4.6 billion USD (2005) NYSE: WFT</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>30,100 (2006)<ref>Weatherford - Company hisrory</ref></td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>Weatherford.com</td></tr>

Weatherford International Ltd (NYSE: WFT) is one of the world's largest diversified upstream oilfield service companies. Weatherford provides services ranging from directional drilling, open and cased-hole wireline logging to underbalanced systems expertise, drilling, completion, production, and intervention expertise. Weatherford has more than 730 offices and is operating in more than 100 countries.

Contents

[edit] Business units

  • Completion & Production Systems (CPS) - completion systems and production optimisation services
  • Evaluation, Drilling & Intervention (EDI) - drilling, logging, underballance and well testing systems as well as drilling tools, tubulars and fishing tools.
  • Pipeline & Specialty Services - onshore and offshore pipelines
  • International Contract Drilling - the former Precision Drilling International (PDI), operating 50 land rigs (2006).

[edit] History

  • 2005 on August 31, 2005, Weatherford acquires Precision Energy Services and Precision International Drilling from Precision Drilling Corporation for 1 billion USD. The acquisition of Precision Energy Services strenghthens Weatherford's directional drilling and openhole and cased-hole wireline services, while integration of Precision International Drilling broadens the service area in Middle East and North Africa.
  • Weatherford bought out A&M Composites on September 1st of 2005. A&M Composites is now known as Weatherford-A&M Composites. They make fiberglass wound composites that are used in the oil field, electrical units, RO systems, and antennas, along with many other things.

[edit] See also

[edit] References

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[edit] External links


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