Weatherford International Receives New Service Contracts in Kuwait, Qatar

MT Newswires Live11-06

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

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