Weatherford will also provide Equinor with access to its ForeSit sense optical reservoir monitoring solution and other completion solutions. (Source: Shutterstock)
Equinor ASA awarded Weatherford International Plc a two-year frame agreement extension for the delivery of completions, liner hangers and slot recovery services, Weatherford announced in a May 28 press release.
Weatherford will be deploying its Accuview downhole monitoring solutions and AlphaV next-generation whipstock system again, which was first introduced to Equinor in the North Sea in 2023.
Weatherford’s technology deployed for Equinor can remotely monitor, eliminating the need for a wellbore preparation run and saving on cost, Weatherford said in its press release.
Weatherford will also provide Equinor with access to its ForeSit sense optical reservoir monitoring solution and other completion solutions, optimizing production by combining multiple measurement types in a single fiber optic cable and simplifying downhole architecture.
“I am delighted that Equinor has chosen to extend our collaboration,” Weatherford President and CEO Girish Saligram said in the release. “This recognition underscores the significance of our completions and slot recovery portfolios, highlighting the distinctive and innovative capabilities that empower our customers to fulfill their operational goals.”
Recommended Reading
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Five Point Closes Infrastructure Fund with $1.4B in Commitments
2024-09-09 - Five Point Energy, which created newly public Permian Basin company LandBridge, said its Five Point Energy Fund IV was oversubscribed from a target of $1.25 billion.
TC Energy Appoints Two Independent Directors to Board
2024-11-07 - TC Energy Corp. appointed Independent Directors Scott Bonham and Dawn Madahbee Leach to its board, the company announced Nov. 7 in a press release.
Cibolo Energy Closes Fund Aimed at Upstream, Midstream Growth
2024-09-10 - Cibolo Energy Management LLC closed its second fund, Cibolo Energy Partners II LP, meant to boost middle market upstream and midstream companies’ growth with development capital.
Record NGL Volumes Earn Targa $1.07B in Profits in 3Q
2024-11-06 - Targa Resources reported record NGL transportation and fractionation volumes in the Permian Basin, where associated natural gas production continues to rise.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.