umping services, including cementing services; coiled tubing services equipment designed to ensure effective results during operations that require coiled tubing intervention; and reservoir stimulation hydraulic fracturing services for oil and natural gas wells in low-permeability reservoirs. These products and services also include drilling and completion fluids to prevent formation fluids from entering into the well bore using hydrostatic pressure and Engineered Chemistry services. Completion Systems offers clients a comprehensive line of completion tools such as cased hole and flow control systems, well screens, industrial screens and sand screens. The company also offers a range of completion services including upper completions, lower completions and reservoir monitoring. Pipeline and Specialty Services includes a range of services used throughout the life cycle of pipelines and process facilities, onshore and offshore. The company’s pipeline group serves the pipeline, process, industrial and energy markets worldwide. On permanently installed client equipment, the company also provides services such as inspecting, cleaning, drying, testing, improving production, running, or establishing integrity from the wellhead out, including integrated management services. Research and Development The company’s expenditures for research and development totaled $265 million in 2013. Seasonality Spring months in Canada and winter months in the North Sea and Russia have been noted to affect the company’s operations negatively. Customers The company serves international or national oil companies especially in Latin America. Its major customers include Petroleos de Venezuela, S.A. (PDVSA) and Petroleos Mexicanos (Pemex). Significant Events Weatherford International Ltd., Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Equipment Co., Ltd. announced having entered into a joint venture agreement to form a new equity joint venture company in China. Competition The company’s principal competitors include Schlumberger, Halliburton and Baker Hughes. History Weatherford International Ltd. was founded in 1972.
weatherford international pl
4-6 Rue Jean-François Bartholoni
Phone: 41 22 816 15 00
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