Weatherford International (WFRD) late Tuesday said it has landed two new contracts for drilling services in the Middle East, including a managed pressure drilling service contract for the Kuwait Oil.
Weatherford also has secured a new, five-year contract with a national oil company in Qatar to provide fishing and drilling tools. The deal also includes a five-year extension option, the company said, without providing any other financial details of either contract.
Weatherford shares were 1% higher in extended session.
Price: 82.85, Change: +1.07, Percent Change: +1.30
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments