Press Releases May 5, 2026 08:30 AM

Weatherford Awarded Multi-Region Managed Pressure Drilling and Global Aftermarket Agreement with Noble

Weatherford Secures Multi-Region Managed Pressure Drilling Contracts and Global Aftermarket Deal with Noble Corporation

By Maya Rios
Share
Twitter Reddit Facebook LinkedIn
WFRD

Weatherford has been awarded multiple managed pressure drilling contracts and a global aftermarket agreement with Noble Corporation, enhancing their partnership and reinforcing Weatherford's leadership in MPD systems. The contracts include deepwater MPD systems for Noble's Guyana operations and upgrades for Nigerian deployments, along with global aftermarket support across Noble's fleet.

Weatherford Awarded Multi-Region Managed Pressure Drilling and Global Aftermarket Agreement with Noble
WFRD
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Weatherford to deliver two deepwater managed pressure drilling systems to Noble's Guyana operations by year-end, improving offshore drilling capabilities.
  • Upgrade of a third-party MPD system underway for deployment in Nigeria, indicating ongoing international operational expansion.
  • Global aftermarket agreement established to provide standardized lifecycle support, parts, and services for Noble's MPD systems, ensuring enhanced operational reliability worldwide.
  • Impacted sectors include energy services, oil and gas exploration and production, offshore drilling technology, and industrial equipment manufacturing.

HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it has been awarded multiple managed pressure drilling (“MPD”) contracts and a global aftermarket agreement with Noble Corporation (“Noble”), further strengthening the long-standing relationship between the two companies and reinforcing Weatherford’s leadership in MPD systems and lifecycle support.

The awards include the delivery of two deepwater managed pressure drilling systems to support Noble’s Guyana operations, with delivery expected before year-end. Weatherford is also executing an upgrade on a third-party MPD system that is being assembled and configured at the Company’s Managed Pressure Wells Center of Excellence in Houston with deployment to Nigeria expected in the third quarter. In addition, Weatherford and Noble have entered into a global aftermarket agreement covering MPD systems across Noble’s fleet, providing standardized lifecycle support, parts, and services to enhance operational reliability worldwide.

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “These awards reflect both the strength of our partnership with Noble and the value our managed pressure drilling technology delivers in complex offshore environments. Our MPD systems are designed to provide precise pressure control, enhance safety, and improve drilling efficiency, and our global manufacturing and aftermarket capabilities ensure consistent performance throughout the asset lifecycle. We are proud to support Noble with technologies and services that help drive reliable execution across their global operations.”

Joey Kawaja, Noble’s Senior Vice President of Operations, commented, “Managed pressure drilling plays a critical role in enabling safe and efficient execution in some of the world’s most complex offshore environments. Weatherford has been a trusted partner to Noble for many years, and these awards reinforce our confidence in their MPD technology, operational expertise, and global support capabilities. The addition of new systems further strengthens our ability to deliver top-tier performance across our fleet and support our customers worldwide.”

Weatherford’s MPD solutions deliver precise wellbore pressure control to support drilling performance in complex and high-pressure environments while improving safety and reducing non-productive time. Combined with the Company’s global Centers of Excellence and aftermarket infrastructure, Weatherford provides customers with consistent quality, responsiveness, and long-term asset value.

About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
[email protected]

For Media:
Kelley Hughes
Weatherford Corporate Communications, Marketing & Sustainability
[email protected]


Risks

  • Potential project delays or cost overruns in delivering and upgrading MPD systems could affect contract profitability and operational timelines.
  • Operational risks tied to deployment in complex offshore environments, including safety and technical performance, may impact Weatherford's reputation and client relationships.
  • Market risks include fluctuations in the oil and gas sector demand, which could influence the future volume of contracts for MPD services and aftermarket support.

More from Press Releases

Space Exploration Technologies Corporation to Join the Nasdaq-100 Index® Beginning July 7, 2026 Jun 26, 2026 XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service Jun 26, 2026 Cartesian Growth Corporation IV Announces Closing of $275 Million Initial Public Offering Jun 26, 2026 dLocal added to membership of US small-cap Russell 2000® Index Jun 26, 2026 Matinas BioPharma Receives Notice of Non-Compliance with NYSE American Continued Listing Standards and Acceptance of Plan to Regain Compliance Jun 26, 2026