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Weatherford Awarded Managed Pressure Drilling Contract for Woodside Energy's Trion Deepwater Development
Globenewswire· 2025-07-28 20:30
Core Insights - Weatherford International plc has been awarded a significant contract for Managed Pressure Drilling (MPD) services for the Trion project in Mexico, enhancing its market leadership in high-performance MPD [1][2] - The contract includes MPD services for an initial 8 wells, with the potential to expand to 24 wells, indicating a strong growth opportunity in Mexico's offshore energy sector [2] - The deployment of the Victus™ intelligent MPD system is set to improve drilling safety, efficiency, and performance, showcasing Weatherford's technological advancements in the industry [3] Company Overview - Weatherford provides innovative energy services that integrate proven technologies with advanced digitalization, aiming to maximize value and return on investment for its clients [5] - The company operates in approximately 75 countries with around 17,300 team members, representing over 110 nationalities and 310 operating locations [5] Project Details - The Trion project is located in deepwater (~2,500 meters) of the Gulf of Mexico, approximately 180 kilometers east of Tamaulipas and 30 kilometers south of the US-Mexico maritime border [4] - The project is a joint venture between Woodside Petróleo Operaciones de México (60% operator) and Petróleos Mexicanos-PEMEX (40%) [4]