Field Operator 2

"Petroleum Development Oman" signs contract to drill 274 wells in Marmul and the Greater Saqr area for 3 years Muscat, "Al-Watan": Petroleum Development Oman signed with "Weatherford" an integrated drilling services contract for three years, covering the drilling of 274 wells in Marmul and the Greater Saqr area (in small fields with the unified development model), in a step that supports Petroleum Development Oman's plans to increase production and enhance the efficiency of its operations. Under the contract, "Weatherford" will drill oil production wells and water injection wells, according to a phased implementation program that allows greater efficiency in completion and more accurate planning for drilling rigs and resources and their distribution across the targeted fields. The contract model is expected to achieve cost reductions estimated at about 20% compared with traditional pricing models, in addition to enhancing the ability to control costs and establishing clearer responsibility for implementation and results. Dr. Aflah bin Said Al-Hadhrami, Managing Director of Petroleum Development Oman, said: Our ability to develop production efficiently and responsibly is fundamental to realizing the maximum possible value from the Sultanate of Oman's hydrocarbon resources, noting that this agreement represents a new step toward achieving this ambition and consolidating production growth as one of the main pillars in the institutional transformation journey of the Sultanate of Oman led by the company. At the same time, we remain committed to enhancing local content by developing local capabilities, investing in Omani talent, and retaining as much value as possible within the Sultanate of Oman. For his part, Girish Saligram, CEO of "Weatherford", said: We are proud to continue our partnership with Petroleum Development Oman through the integrated project in Marmul and the fields of the Greater Saqr area, and to build on the high operational performance and execution efficiency achieved in these fields. The awarding of this contract embodies our shared commitment to operational excellence, innovation, and creating sustainable value. It also reflects Petroleum Development Oman's confidence in our ability to consistently deliver safe, reliable, and high-quality services. He added: Through this project, we will continue to contribute to achieving Petroleum Development Oman's goals of maximizing production efficiency and supporting sustainable field development, alongside building local capabilities, developing Omani talent, and expanding opportunities across the local value chain. "Weatherford" will remain committed to execution efficiency and maximizing the impact of added local value, contributing to supporting the energy sector in the Sultanate of Oman and supporting national development objectives. This agreement represents Petroleum Development Oman's commitment to cementing long-term partnerships with sector partners, combining commercial efficiency with adherence to the highest standards of health, safety, environment, and quality.

HOUSTON, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced the completion of its previously announced acquisition of NCS Multistage Holdings, Inc. (“NCS Multistage”), strengthening Weatherford’s completions portfolio and expanding capabilities in reservoir diagnostics and well performance solutions.

Weatherford secures multiple oilfield services contracts in Oman, Kuwait. Weatherford International plc has secured multiple oilfield services contracts from major national oil companies in the GCC, including Petroleum Development Oman (PDO) and Kuwait Oil Company (KOC), covering integrated drilling services, annular casing packers, and electronic submersible pump (ESP) feed-through packers. The contract awards and operational updates were announced by Weatherford as part of the company's second-quarter 2026 results. In Oman, Petroleum Development Oman (PDO) has awarded Weatherford a three-year Integrated Drilling Services contract covering 247 wells in the Marmul field. The scope of work includes integrated drilling services to support both production and injection operations. The latest contract follows the successful completion of a previous 837-well contract awarded in 2022, further strengthening Weatherford's relationship with PDO and its involvement in drilling activities in Oman's key oil-producing assets. In Kuwait, Kuwait Oil Company (KOC) has awarded Weatherford two five-year contracts for the supply of specialized well completion equipment. The contracts cover the supply of Annular Casing Packers (ACP) for Triassic-Paleozoic High-Pressure High-Temperature (HPHT) wells, as well as the supply of Electronic Submersible Pump (ESP) feed-through packers for multiple wells. The Kuwait contracts will support KOC's well construction and completion activities by providing specialized completion equipment designed for challenging downhole conditions and applications. In Saudi Arabia, Weatherford completed the first qualification deployment of its ArrayPro(TM) technology with Saudi Aramco, validating a fully integrated production logging solution for horizontal wells. The system provided real-time data and reliable performance in demanding operating environments, supporting enhanced reservoir evaluation and production optimization. In the United Arab Emirates (UAE), Weatherford was recognized as "Best Liner Hanger Supplier and Services Provider" by a National Oil Company. The company's Liner Hanger Systems team completed more than 100 liner deployments across over 22,000 operational hours during the previous year, demonstrating its capabilities in supporting efficient well construction and improving schedule reliability. Weatherford also introduced its Rotaflex(TM) 1160 long-stroke pumping unit in the UAE as a fully integrated solution for challenging unconventional reservoirs. The system is designed for rigless operations and aims to maximize recovery, improve production performance, reduce operational complexity, and lower power consumption and emissions. Weatherford reported second-quarter 2026 revenue of $446 million from the Middle East, North Africa and Asia region, representing a 6% sequential decline, or $30 million, primarily due to lower activity amid heightened geopolitical tensions. The decline was partly offset by higher Cementation Products activity in Saudi Arabia. On a year-over-year basis, regional revenue decreased by $78 million, or 15%, primarily due to lower activity related to heightened geopolitical tensions, partly offset by increased Drilling Services activity in Kuwait. The latest contract awards in Oman and Kuwait, together with Weatherford's technology deployments and operational achievements across Saudi Arabia and the UAE, highlight the company's continued participation in major upstream oil and gas activities across the GCC.