WEATHERFORD SIGNS 480 MILLION LINER HANGER FRAME AGREEMENT WITH EQUINOR

August 30, 2019

Weatherford International has signed an $80 million liner hanger frameagreement with the Norwegian Equinor. The four-year deal represents the largest liner-hanger frame agreement ever signed by Weatherford.
Mark Hopmann, President of Completions for Weatherford said, “Weatherford is the market leader for liner-hanger technology across the North Sea. Guided by a principle of flawless execution, we deploy our liner hangers for reduced operating expenses and superior performance reliability.”
Originally developed for the North Sea, Weatherford liner-hanger systems offer durability in routine and quality-critical applications throughout the world. The premium systems are field-proven in the harshest environments, including ultradeep, high-angle, and extended-reach wellbores. Weatherford manufactures nearly every component of its liner-hanger systems. The high-quality designs help operators to reach total depth with reliability.
The Company’s liner-hanger technology reduces the length of the last liner set in the well by several hundred meters. Rather than extending a single casing string to the top of the wellbore, the technology enables suspending the liner below the ground. The savings are substantial versus a conventional casing run, especially considering the associated time and costs for cementing.
Weatherford International operates in over 80 countries and has a network of approximately 620 locations, including manufacturing, service, research and development and training facilities and employs approximately 24,500 people.
(Source and image: Weatherford/Weatherford swage Hammer Liner hanger system)