Weatherford Awarded Multiple Contracts with Noble Corp.
Weatherford (WFRD) announced it has been awarded multiple managed pressure drilling contracts and a global aftermarket agreement with Noble Corp. (NE). The awards include the delivery of two deepwater managed pressure drilling systems to support Noble's Guyana operations, with delivery expected before year-end. Weatherford is also executing an upgrade on a third-party MPD system that is being assembled and configured at the company's Managed Pressure Wells Center of Excellence in Houston with deployment to Nigeria expected in the third quarter. In addition, Weatherford and Noble have entered into a global aftermarket agreement covering MPD systems across Noble's fleet, providing standardized lifecycle support, parts, and services.
