Group 1 - Weatherford International plc (NASDAQ:WFRD) has signed a $147 million, three-year contract with Petróleo Brasileiro S.A. (Petrobras) to provide tubular running services in Brazil [1][2] - The contract was awarded after an open tender process and will utilize several Weatherford technologies, including the Vero auto make-up and evaluation system, Multi Slip System, and Flush Joint Elevator [2] - These technologies are designed to enhance safety and efficiency in drilling operations by allowing mixed casing strings to be run without changing slips and eliminating the need for lift plugs in tubular handling [2][3] Group 2 - Weatherford International plc operates in three segments: Drilling and Evaluation (DRE), Well Construction and Completion (WCC), and Production and Intervention (PRI) [3]

Core Insights - Weatherford International plc has been awarded a three-year contract worth $147 million by Petrobras for Tubular Running Services in Brazil, highlighting the company's leadership in TRS technologies [1][3] Contract Details - The contract includes the deployment of several advanced technologies such as Vero™, Multi Slip System, Flush Joint Elevator, and StringGuard™, which enhance safety, efficiency, and operational reliability [2] Company Leadership and Collaboration - The CEO of Weatherford emphasized the strength of the Tubular Running Services portfolio and the company's commitment to supporting Petrobras with innovative technologies and skilled teams [3] - Weatherford has a long-standing relationship with Petrobras, having supported its operations for over a decade, which reinforces the collaboration between the two companies [3] Company Overview - Weatherford operates in approximately 75 countries with around 17,300 employees from over 110 nationalities, focusing on integrating proven technologies with advanced digitalization to maximize value and return on investment [4]