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Weatherford inks drilling deals worth £52m in Russia

Oilfield service firm Weatherford has signed two contracts worth £52 million for drilling services with two major operators in Russia.

Operations on the first contract began in July 2019 and will continue until the end of 2022.

Weatherford is providing logging, measurement, rotary steerable systems, drilling and geo-data interpretation services at several oilfields in Western Siberia.

The second contract is a three-year drilling services contract. Operations will begin in early 2020 with Weatherford providing many of the same services at the Novyi Port oilfield on the Yamal Peninsula.

Fayaz Kamalov, Weatherford Vice President of Russia, said: “These long-term contracts with major operators in Russia are a testament to Weatherford’s record of advancing drilling technology and delivering excellent service in that region.

“Major Russian operators are investing in Weatherford drilling services because of our best-in-market technology, unceasing dedication to growing our capabilities, and the professional knowledge of our team.”

At present, Weatherford is running multiple local facilities to support its customers and operations in Russia.

Three full-time drilling service centers in key production areas across Russia maintain field equipment, and one Real-Time Operations Center provides around-the-clock remote support for all ongoing projects.

Weatherford is also mobilizing the Magnus RSS to Russia to assist with increased activity and challenging customer requirements which the system is uniquely suited to address.

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