Weatherford and Saudi Aramco Ink Five-Year Corporate Procurement Agreement

Weatherford has announced the signing of a five-year Corporate Procurement Agreement with Saudi Aramco to deliver cementation, completions, liners, solid expandables and casing exit technologies. The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco.

“Weatherford is energized by the opportunity afforded by Saudi Aramco to deploy our revolutionary technology in the Kingdom, which will save rig time and associated costs, while also maximizing production in one of the world’s most challenging environments,” Jim Hollingsworth, Weatherford Vice President, Saudi Arabia, said. “This agreement sets the stage for future collaboration and will unlock both game-changing technology and tremendous value. Weatherford is excited to work with Saudi Aramco now and long into the future to lead in technology innovation and development.”

“We look forward to working with Weatherford to develop breakthrough energy technologies and reinforce our position in oil and gas exploration and production,” Mohammed Shammary, Vice President, Procurement and Supply Chain Management, Saudi Aramco, said. “Their robust product portfolio aligns with our goal to safely achieve production while supporting the sustainable development of the Kingdom.”