Business is thriving for Weatherford across its south-east Asia business, despite a challenging market elsewhere.

Announcing its Q1 2026 results on 21 April, the company reported various contracts from the region, including new work in Vietnam and Thailand.

Phu Quoc POC awarded Weatherford a five-year contract to provide Tubular Running Services (TRS) for offshore operations in Vietnam.

In Thailand, PTTEP awarded the company an 18-month contract extension to provide drilling services on Rig 15.

The Q1 results statement also reported on existing well construction and completions work in Indonesia.

Here, Weatherford deployed its Vero One-Touch system for an undisclosed major operator to improve how well pipes are handled and installed.

“The system reduced the need for manual intervention, lowering safety risks, while making rig-floor operations more efficient,” the company said in the statement.

“The integrated spin-in automation delivered faster, more consistent make-up with precise torque control, increasing running efficiency compared to conventional methods.”

Weatherford also updated investors on numerous other recent contract wins and projects globally.

Girish Saligram, President and Chief Executive Officer, said the company had delivered “excellent operating results in the midst of a very complex and challenged environment,” citing disruptions in the Middle East.