Weatherford has been awarded two five-year contracts for well related services in Kuwait, it disclosed in its recent Q2 results announcement.
The work covers the provision of annular casing packers for high-pressure, high-temperature (HPHT) Triassic-Palaeozoic wells and ESP feed-through packers.
“Kuwait Oil Company awarded two five-year contracts for the supply of Annular Casing Packer for Triassic-Paleozoic High-Pressure High-Temperature Wells and the supply of Electronic Submersible Pumps feed-through packers for multiple wells,” the Q2 statement noted.
It also listed a further contract in Oman for the provision of substantial drilling operations.
“Petroleum Development Oman awarded Weatherford a three-year contract to provide Integrated Drilling Services covering 247 wells in the Marmul field, supporting both production and injection operations, following the successful completion of the 837-well contract awarded in 2022.”
Other regional highlights from the quarter included new technology use in Saudi Arabia.
“In Saudi Arabia, Weatherford completed the first qualification deployment of ArrayPro with Aramco, validating a fully integrated production logging solution for horizontal wells,” the company’s statement noted.
“The ruggedised system delivered high quality real time data and reliable performance in demanding environments, supporting improved reservoir insight and production optimisation.”
In the UAE, it was also recognised as ‘Best Liner Hanger Supplier and Services Provider’ by an undisclosed national oil company.
“The Liner Hanger Systems team completed over 100 liner deployments across more than 22,000 operational hours in the previous year, demonstrating consistent delivery that reduces operational variability and supports efficient well construction and schedule reliability.”
While overall group revenues for the period were down slightly, the company remains bullish about forward prospects.
“Despite the significant disruption in the Middle East due to the Iran conflict, our second-quarter results, especially adjusted free cash flow, were strong, demonstrating the reliability and resilience of our operating paradigm,” said Girish Saligram, Weatherford’s President and CEO.
In its Q2 statement, it added that while the Middle East situation remains volatile and creates activity headwinds in the short term, the company’s longer-term thesis remains intact.
“A return to the pre-conflict operating levels is expected to be gradual, contingent on continued regional stability, and requires an absence of further geopolitical escalation,”it noted.“Our second half 2026 outlook is appropriately adjusted to reflect these dynamics and while our total year outlook has slightly reduced, the second half represents a significant ramp up in margin contribution versus the first half.”
