Weatherford International Plc has been awarded an exclusive two-year, $15 million contract with a major independent operator in Argentina on July 22.
Weatherford will provide 146 surface pumping units, including the Maximizer II surface pumping unit and the Rotaflex 2.0 long-stroke pumping unit. Both will be deployed in critical and challenging mature fields in Golfo San Jorge Basin to improve the operator’s production efficiency and performance.
“This award is the result of years of experience and collaboration with the operator in Argentina,” Franklin Cueto, vice president of artificial lift systems at Weatherford, said. “Tough market conditions demand a stronger focus on efficient, optimized production, and that is what we commit to deliver. This contract is a statement that Weatherford continues to deliver the industry’s highest level of continuous, dependable, and cost-effective performance for life-of-well durability.”
Weatherford surface pumping units leverage decades of worldwide oilfield experience in virtually every kind of well environment. Each pumping unit is manufactured in state-of-the-art facilities and is API 11E, API Q1, ISO, and CE/ATEX certified. All are fully assembled and tested to meet strict quality assurance standards before shipping and installation.
Recommended Reading
E&P Highlights: March 20, 2023
2023-03-20 - Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.
Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns
2023-05-09 - Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
Citizen Energy's Case for the Midcontinent
2023-05-25 - In the shadow of the Permian Basin, Citizen Energy, an Oklahoma company busy in the Anadarko Basin, portrayed itself as a “great target” at SUPER DUG.
Hess’ Guyana Assets Set to Dethrone Bakken Around 2025
2023-04-28 - Hess Corp.’s new assets offshore Guyana are on track to dethrone its Bakken shale assets around 2025 to become the New York-based company’s top North American producing asset.
Southwestern Energy Plans Oil, NGL Growth as Gas Prices Slump
2023-04-05 - With U.S. natural gas prices down more than 50% from last year, Southwestern Energy is pivoting capital to its liquids-rich footprint in Appalachia.