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Weatherford International Ltd. (NYSE:
WFT) is one of the top five global oilfield service companies.
Houston-based Weatherford employs approximately 18,000 employees
globally, operates in 108 countries and has approximately 500 service
locations around the world. The Company provides products and services
that span the drilling, completion, production and intervention cycles
of oil and natural gas. Weatherford’s Completion & Production
Systems division includes our market-leading artificial lift
technologies, completion systems that range from cased-hole to
conventional and expandable sand screens (ESS™) and our comprehensive
production optimization systems. Developing production-enabling
technologies that convert reserves into revenue is a topmost priority
for Weatherford. As a result, Weatherford has one of the highest
R&D spends in the industry (3 percent of revenue). The company also
has two of the largest technology and training centers in the industry,
which include three full-size drilling rigs for training and product
development, in Houston and Aberdeen, Scotland. Weatherford’s
technology development focuses on three areas: 1) products that drive
down well costs; 2) products that increase well productivity; and 3)
products that maximize mature reservoirs and the technological
challenges of new fields.
Please reference the following product technical
information:
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