HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford...








    




            







    
        
            May 21, 2026 08:30 ET
        

        
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                Weatherford International, LLC
            
                

        
    

    

    

    





        
HOUSTON, May  21, 2026  (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it has been awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria Ltd. (“EEPNL”), an ExxonMobil affiliate, for offshore Nigeria.  The contract falls within Weatherford’s Well Construction and Completions portfolio. Weatherford will provide integrated upper and lower completions solutions for deepwater wells, with a scope focused on supporting safety, reliability, well integrity, and operational efficiency over the lifecycle of the well.  The integrated completions equipment will be configured and prepared through Weatherford’s global supply chain and supported locally in Nigeria, in line with contract terms, to enable in-country execution and service delivery.  Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “This contract reflects our ability to deliver integrated completions solutions for deepwater operations. We will provide technologies designed to support well integrity, reliability, and efficient execution in complex offshore environments.”  About Weatherford  Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.  For Investors:Luke LemoineWeatherford Investor Relations+1 713-836-7777investor.relations@weatherford.com  For Media:Kelley HughesWeatherford Corporate Communications, Marketing & Sustainability media@weatherford.com  
            

WFRD

Weatherford Awarded Deepwater Integrated Completions Contract with ExxonMobil in Nigeria

Weatherford Secures Major Deepwater Contract in Nigeria, Enhancing Growth Prospects

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Weatherford International has secured a significant deepwater integrated completions contract with Esso Exploration in Nigeria, aiming to bolster operational efficiency and safety for offshore wells. This contract highlights Weatherford&#039;s strengths in delivering advanced completion solutions and could lead to increased revenue and operational stability in a strong market sector.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Weatherford awarded deepwater contract by Esso Exploration in Nigeria.</li><li>Contract includes integrated completions solutions for offshore wells.</li><li>Focus on safety, reliability, and operational efficiency.</li><li>Weatherford to leverage global supply chain for in-country execution.</li><li>Contract highlights Weatherford&#039;s capabilities in complex offshore environments.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>ExxonMobil (XOM)</strong>: As an affiliate, ExxonMobil is significant for potential future contracts.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>This news falls under Industry News, as it reflects significant developments in energy services and offshore operations, indicating Weatherford&#039;s competitive positioning in the market.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The Esso contract could enhance WFRD&#039;s revenue and market position.</li><li>Increased operational efficiency may lead to improved profit margins.</li><li>Successful execution could boost investor confidence and stock performance.</li><li>Potential for future contracts in the region based on successful delivery.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Contract awarded on May 21, 2026.</li><li>Involves integrated completions solutions for offshore Nigeria.</li><li>Focus on well integrity and operational efficiency.</li><li>Weatherford&#039;s global supply chain will support local service delivery.</li><li>Strengthens Weatherford&#039;s portfolio in well construction services.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>WFRD is likely to experience bullish momentum due to contract-driven revenue growth over the next 12 months.</p>
  </section>
</section>


<article>
    <h2>Weatherford Secures Deepwater Integrated Completions Contract with ExxonMobil in Nigeria</h2>
    <p>HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD), a leading energy services provider, has announced the awarding of a significant deepwater integrated completions contract by Esso Exploration & Production Nigeria Ltd. (“EEPNL”), a subsidiary of ExxonMobil, aimed at enhancing offshore operations in Nigeria.</p>
    
    <section>
        <h3>Contract Overview and Scope</h3>
        <p>This contract represents a key initiative within Weatherford’s Well Construction and Completions portfolio. The agreement stipulates that Weatherford will supply integrated upper and lower completions solutions for deepwater wells. The focus is to ensure safety, reliability, well integrity, and operational efficiency throughout the lifecycle of the wells.</p>
        <p>The completion equipment will be configured through Weatherford's extensive global supply chain, with local support in Nigeria to ensure effective in-country execution and service delivery.</p>
    </section>
    
    <section>
        <h3>Strategic Importance of the Contract</h3>
        <p>Girish Saligram, President and Chief Executive Officer of Weatherford, emphasized the significance of the contract, stating, “This contract reflects our ability to deliver integrated completions solutions for deepwater operations. We will provide technologies designed to support well integrity, reliability, and efficient execution in complex offshore environments.” This reflects Weatherford's commitment to enhancing its operational footprint within the competitive market for deepwater energy services.</p>
    </section>

    <section>
        <h3>About Weatherford (WFRD)</h3>
        <p>Weatherford is renowned for its global energy services, aiding clients in drilling smarter and completing wells more efficiently. With a differentiated portfolio of market-leading solutions and integrated technologies, Weatherford has established a broad customer base across six continents.</p>
        <p>The company combines advanced engineering, digital intelligence, and world-class field expertise to mitigate risks and optimize customer asset value. With a focus on delivering stronger wells and better energy solutions, Weatherford continues to redefine the standards in the energy sector.</p>
    </section>
    
    <section>
        <h3>Contact Information</h3>
        <ul>
            <li><strong>Investors:</strong> Luke Lemoine, Weatherford Investor Relations, +1 713-836-7777, <a href="mailto:investor.relations@weatherford.com">investor.relations@weatherford.com</a></li>
            <li><strong>Media:</strong> Kelley Hughes, Weatherford Corporate Communications, Marketing & Sustainability, <a href="mailto:media@weatherford.com">media@weatherford.com</a></li>
        </ul>
    </section>
</article>

Weatherford International has secured a significant deepwater integrated completions contract with Esso Exploration in Nigeria, aiming to bolster operational efficiency and safety for offshore wells. This contract highlights Weatherford's strengths in delivering advanced completion solutions and could lead to increased revenue and operational stability in a strong market sector.

Weatherford Awarded Deepwater Integrated Completions Contract with ExxonMobil in Nigeria

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