Weatherford Awarded 10K DPR Intervention Services Contract with Petrobras [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
awarded a five-year contract with Petróleo Brasileiro S.A. ("Petrobras") in Brazil, after a competitive tender, to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. This new seven-system contract will commence operations March 2025 and will replace a current six-system contract that began in November 2020. Weatherford's industry-leading Intervention Workover Control Systems (IWOCS) provide holistic answers for tasks such as tubing-string or tubing-hanger installation, well testing and appraisal, spool-base, and both vertical and horizontal Christmas tree installation. Additionally, these systems cater to wellhead-tree cap installation, well-intervention operations with workover blowout preventer, and oil or gas production for early well tests. To elevate this comprehensive solution, Weatherford is incorporating its cutting-edge digitalization solution, the Centro™ well construction optimization platform, offering exceptional operational visib
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