Weatherford Secures Offshore Contracts in Guyana and Brazil

Weatherford has announced multiple offshore contracts in South America, though the financial terms of these deals were not disclosed. The company secured "multiple" managed pressure drilling (MPD) contracts and a global aftermarket agreement with Texas-based offshore driller Noble Corporation.

Under the Noble agreements, Weatherford will deliver two deepwater MPD systems for Noble's rigs operating in Guyana, supporting ExxonMobil's offshore activities there. These systems are expected to be delivered by the end of the year. Additionally, Weatherford will upgrade a third-party MPD system for Noble at its Houston facilities, destined for work in Nigeria, with deployment anticipated in the third quarter. The global aftermarket agreement covers MPD systems across Noble's entire fleet, providing standardized lifecycle support, parts, and services to enhance operational reliability worldwide.

Weatherford also secured two deals with Constellation Oil Services for well intervention and drilling activities offshore Brazil. The first deal involves upgrading Constellation's ultra-deepwater semisubmersible Gold Star, which operates primarily in the Campos and Espirito Santo basins. These upgrades will enhance the vessel's capabilities in offshore well intervention, plugging and abandonment, and workover activities. This contract began in March and will run through the end of 2028, aligning with the Gold Star's existing contract.

The second deal with Constellation requires Weatherford to provide and maintain an MPD system for the Brava Star ultra-deepwater drillship, supporting a new campaign in the Buzios field. This work is scheduled to begin in the first quarter of 2027 and continue through 2030.