Weatherford provides a wide range of products and services to the Oil and Gas industry. Its services include drilling, automated well estimation, control, completion, development, and assessment. It has developed directional drilling service that can work with great precision through miles of bedrock. Also its tubular running services are used in about half of the deep-water mining projects worldwide. The company has installed sand display systems globally and has worked on more than 100,000 wells around the world.
In addition to pipeline pre-commissioning, the company runs one of the world’s most expensive fleets of inline inspection equipment. It also provides construction, completion and decommissioning services to well owners. Following are some important facts about the company.
Headquarters: Baar, Switzerland
Annual Revenue: 9.433 billion U.S Dollars
Number of Employees: 30,000
In 1972 Energy Ventures, Inc. was formed as a separate offshore Gas and Oil Exploration and Production company.
Products and Services:
Company’s skilled technicians and industry-leading software support, helps in gathering, analyzing and integrating information on learning assessment to determine the optimum training goal.
The company also set the stage for a lifetime of growth. From HPHT deepwater wells to the shallow unconventional pore-pressure wells, it has careful planning, professional technology, and exclusive drilling techniques to help customers optimize reservoir exposure safely. The revolutionary cementing and liner systems are then leveraged to create life-of-well reliability which ensures years of stable growth.
The well is too critical to settle for a modern application without updated old completion software. Weatherford is sure to offer new completion engineering with a complete consultative method on land and underwater, traditional and unorthodox. Its field-proven portfolio can minimize costs, reduce risks, and optimize production for any completion.
Through each phase of tubular running operation, the company concentrates on well integrity, security and efficiency. With over 60 years of expertise and a range spanning from traditional hardware to sophisticated mechanized rig systems, Weatherford is equipped to develop cost-saving strategies and provide high-quality products to resolve every drilling situation.
Rigs and Equipment:
With more than 60 years of contract drilling experience, Weatherford provides a fleet of land rigs, which deliver high drilling performance, operational excellence, and first-class protection on key Oil and Gas markets around the world. It also provides a complete range of capital equipment — for controlled stress mining, tubular walking, well-service, etc..
Other important services that the company provides include:
Mission and Vision:
Weatherford’s goal is to be an incident-free company and meet its client obligations. It is committed to ensure the company’s health and organization performance at all grades. Everything the company does, is an essential part of its culture.
The company’s mission is to provide its clients with excellent products. Its overall performance in service quality was enhanced gradually. The company recorded a year-over-year 22 percent reduction in NPT per 1,000 hours of operation.
Following are the core values on which the company depends:
Countries of Operation:
The company works in over 90 countries in strategically positioned sites to represent its customers worldwide. Some of those countries are: