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Weatherford Wins Deepwater Completions Contract From ExxonMobil Unit Offshore Nigeria

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Weatherford International (WFRD) said Thursday it has secured a deepwater integrated completions contract from ExxonMobil (XOM) affiliate Esso Exploration & Production Nigeria for offshore operations in Nigeria.

Under the contract, Weatherford said it will provide integrated upper and lower completions solutions for deepwater wells, with a focus on improving safety, well integrity, operational reliability and efficiency throughout the lifecycle of the wells.

Weatherford said the completion equipment will be configured through its global supply chain and supported locally in Nigeria to enable in-country execution and service delivery.

Financial terms of the contract were not disclosed.

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