Weatherford International

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Weatherford International Ltd.

Type	Oilfield services company
Founded	?
Headquarters	Houston, Texas 730 offices around the world
Key people	Chairman & CEO: Bernard Duroc-Danner (2006)
Industry	Oil Well Services
Products	Diversified Oil field services
Revenue	▲$4.6 billion USD (2005) NYSE: WFT
Employees	30,100 (2006)^[1]
Website	Weatherford.com

Weatherford International Ltd (NYSE: WFT) is one of the world's largest diversified upstream oilfield service companies. Weatherford provides services ranging from directional drilling, open and cased-hole wireline logging to underbalanced systems expertise, drilling, completion, production, and intervention expertise. Weatherford has more than 730 offices and is operating in more than 100 countries. By investing in Weatherford, it will increase revenue to the shareholders. Revenue expenses are high this quarter, as the incoming departure of the excess expense clearing will free trading and increase cash flow among the shareholders. This excess bonus revenue caused by the bonus petroleum oil field services will add to the total revenue flow share of the company.

1 Business units
2 History
3 Sudan controversy
4 See also
5 References
6 External links

[edit] Business units

Completion & Production Systems (CPS) - completion systems and production optimisation services
Evaluation, Drilling & Intervention (EDI) - drilling, logging, controlled pressure drilling and testing (CPD&T) systems, as well as drilling tools, tubulars and fishing tools.
Pipeline & Specialty Services - onshore and offshore pipelines
International Contract Drilling - the former Precision Drilling International (PDI), operating 50 land rigs (2006).

[edit] History

2005 on August 31, 2005, Weatherford acquires Precision Energy Services and Precision International Drilling from Precision Drilling Corporation for 1 billion USD. The acquisition of Precision Energy Services strenghthens Weatherford's directional drilling and openhole and cased-hole wireline services with the best equipment and personnel in the field , while integration of Precision International Drilling broadens the service area in Middle East and North Africa.
Weatherford bought out A&M Composites on September 1st of 2005. A&M Composites is now known as Weatherford-A&M Composites. They make fiberglass wound composites that are used in the oil field, electrical units, RO systems, and antennas, along with many other things.

[edit] Sudan controversy

Weatherford International Ltd. was identified, by the Sudan Divestment Task Force (SDTF), as one of the "HIGHEST OFFENDERS" in the quarterly "The Sudan Company Report" dated August 31, 2007.

As of April 11, 2008, The SDTF has removed Weathorford International from the Sudan Company Report and states: "Weatherford International Limited (United States)—company withdrew from Sudan in March 2008, and has donated its in-country equipment and provided additional equipment, supplies, and funding to Thirst No More, a humanitarian organization operating in Sudan."

A Dubai-based subsidiary of Weatherford International Ltd. has operated within Sudan, although United States sanctions forbid US companies from operating in the country, foreign based subsidiaries are permitted to do business there.^[2] In September 2007 Weatherford announced that it would cease operating in countries sanctioned by the United States.^[3] ^[4]