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Weatherford (WFRD) Secures Long-Term Deal to Provide Monitoring Systems for Romgaz Wells
Yahoo Financeยท 2025-10-02 05:53
Group 1 - Weatherford International plc (NASDAQ:WFRD) has been awarded an eight-year contract by Romanian natural gas producer SNGN Romgaz S.A. to provide real-time monitoring capabilities for gas well operations [1][2] - The contract involves deploying wellsite monitoring systems across thousands of existing wells to capture and transmit dynamic metrics from wellheads, marking Romgaz's first implementation of such monitoring services [2] - Weatherford will utilize cloud infrastructure to collect vital field data, enabling Romgaz to enhance automated infrastructure operations and make informed production decisions [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), providing services and equipment to the natural gas and oil exploration and production industries [3]