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Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency

1. Weatherford partners with AWS to enhance digital capabilities. 2. The collaboration modernizes Weatherford’s software and hardware infrastructure. 3. New technologies will improve operational efficiency via the Unified Data Model. 4. The agreement supports Weatherford's Software Launchpad for diverse application management. 5. Leadership emphasizes driving innovation and customer autonomy using AWS solutions.

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FAQ

Why Bullish?

This agreement with AWS enhances Weatherford's competitive edge, similar to earlier collaborations that boosted stock prices.

How important is it?

The AWS collaboration is pivotal for enhancing Weatherford's offerings, suggesting strong future growth potential.

Why Long Term?

The partnership is likely to generate sustainable growth through innovative solutions, contributing to future revenue streams.

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May 13, 2025 16:45 ET  | Source: Weatherford International, LLC HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it has signed an agreement with Amazon Web Services (“AWS”) that will transform Weatherford’s digital capabilities and help drive innovation in the energy sector. As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardware suite to AWS. This includes the Company’s Modern Edge Platform, which integrates advanced software-enabled hardware with Weatherford’s world-class control system, CygNet. The solution is modular and seamlessly integrates with existing infrastructure, allowing customers to modernize their operations with minimal disruption. With this agreement, AWS will also support the development of next-generation technologies, further enhancing Weatherford’s Unified Data Model. This solution allows customers to integrate, harmonize, and analyze multi-asset data within a scalable, API-compatible model, driving operational efficiency and enabling data-driven decision-making. Additionally, the collaboration will enhance the WFRD Software Launchpad, a platform that provides customers with access to Weatherford-built and Weatherford-partnered applications. The Launchpad ensures that customers retain control over their data while seamlessly managing multiple software solutions without being locked into a single application. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "We are excited to work with AWS to deliver a comprehensive suite of innovative solutions that enable our customers to drive efficiency and innovation. This collaboration allows us to leverage AWS’s world-class cloud infrastructure to help our customers modernize their operations, reduce complexity, and achieve greater autonomy in their decision-making." “AWS capabilities are accelerating Weatherford’s digital transformation and helping the company drive innovation in their digital solutions to meet customers’ needs,” said Howard Gefen, GM for Energy and Utilities at AWS. “This collaboration will enhance Weatherford’s ability to deliver its operational and petrotechnical solutions by leveraging scalable, hardware and software solutions that empower energy companies to optimize their operations and achieve sustainable growth in an increasingly complex landscape.” About WeatherfordWeatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 18,000 team members representing more than 110 nationalities and 320 operating locations. Visit weatherford.com for more information and connect with us on social media. ContactsFor Investors:Luke LemoineSenior Vice President, Corporate Development & Investor Relations+1 713-836-7777investor.relations@weatherford.com For Media:Kelley HughesSenior Director, Communications & Employee Engagementmedia@weatherford.com

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