Weatherford Signs Liner-Hanger Frame Deal with Equinor

Laxman Pai
Thursday, August 29, 2019

The multinational oil and natural gas service company Weatherford International announced it has signed an $80 million liner-hanger frame agreement with Norwegian oil and gas company Equinor.

The four-year deal represents the largest liner-hanger frame agreement ever signed by Weatherford, said the Irish-domiciled company.

Mark Hopmann, President of Completions for Weatherford said, “Weatherford is the market leader for liner-hanger technology across the North Sea. Guided by a principle of flawless execution, we deploy our liner hangers for reduced operating expenses and superior performance reliability.”

Originally developed for the North Sea, Weatherford liner-hanger systems offer durability in routine and quality-critical applications throughout the world. The premium systems are field-proven in the harshest environments, including ultradeep, high-angle, and extended-reach wellbores.

Weatherford manufactures nearly every component of its liner-hanger systems. The high-quality designs help operators to reach total depth with reliability.

The company’s liner-hanger technology reduces the length of the last liner set in the well by several hundred meters. Rather than extending a single casing string to the top of the wellbore, the technology enables suspending the liner below the ground. The savings are substantial versus a conventional casing run, especially considering the associated time and costs for cementing.

Categories: Offshore Energy Marine Equipment Deepwater Contract

Related Stories

AST Reygar Launches SOV Remote Monitoring System

Noble Picks ABS Wavesight’s Solution for Offshore Assets’ Digital Recordkeeping

Bourbon to Support Oil and Gas Major’s Drilling Campaign Off Namibia

Current News

Danos Leaders Recognized in “40 Under 40” Lists

ExxonMobil to Drill for Gas Off Cyprus in January

Mocean Energy Raising Funds to Advance Wave Energy Tech

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Subscribe for OE Digital E‑News