WFT.. Weatherford International Plc

Weatherford Awarded Managed Pressure Drilling Contract for Woodside Energy’s Trion Deepwater Development

Weatherford Awarded Managed Pressure Drilling Contract for Woodside Energy’s Trion Deepwater Development

HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced it has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V.

The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.

As part of the project, Weatherford will deploy its Victus™ intelligent MPD system, a solution designed to enhance drilling safety, efficiency, and performance. Built on decades of global MPD experience, Victus™ features algorithm-driven pressure control, real-time downhole data for automated responses, and the industry’s first field-proven deepwater riser system for floating rigs. The system delivers safer, faster, and more consistent drilling while providing performance across multiple phases of the well.

Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “We are proud to support Woodside Energy on this historic project. The Trion development represents a defining moment for Mexico’s energy sector, and Weatherford is honored to contribute with trusted MPD technologies that improve safety, efficiency, and well delivery. This award further strengthens our position as a trusted partner for complex offshore operations.”

About the Trion Project

The Trion project is located in deepwater (~2,500 meters) of the Gulf of Mexico, approximately 180 kilometers east of the coast of Tamaulipas and 30 kilometers south of the US-Mexico maritime border. Trion is a joint venture between Woodside Petróleo Operaciones de México, S. de R.L. de C.V. (operator, 60%) and Petróleos Mexicanos-PEMEX (40%).

About Weatherford

Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 17,300 team members representing more than 110 nationalities and 310 operating locations. Visit  for more information and connect with us on social media.

For Investors:

Luke Lemoine

Weatherford Investor Relations



For Media:

Kelley Hughes

Weatherford Global Marketing & Communications



EN
28/07/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Weatherford International Plc

 PRESS RELEASE

Weatherford Awarded Managed Pressure Drilling Contract for Woodside En...

Weatherford Awarded Managed Pressure Drilling Contract for Woodside Energy’s Trion Deepwater Development HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced it has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V. The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The aw...

 PRESS RELEASE

Weatherford Announces Second Quarter 2025 Results

Weatherford Announces Second Quarter 2025 Results Second quarter revenue of $1,204 million increased 1% sequentiallySecond quarter operating income of $237 million increased 67% sequentiallySecond quarter net income of $136 million increased 79% sequentially; net income margin of 11.3%Second quarter adjusted EBITDA* of $254 million was flat sequentially; adjusted EBITDA margin* of 21.1% decreased 11 basis points sequentiallySecond quarter cash provided by operating activities of $128 million and adjusted free cash flow* of $79 millionRepurchased $27 million of 8.625% Senior Notes due 2030 i...

 PRESS RELEASE

Weatherford Announces Second-Quarter 2025 Conference Call

Weatherford Announces Second-Quarter 2025 Conference Call HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, July 23, 2025 to discuss the Company’s results for the second quarter ended June 30, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherfor...

 PRESS RELEASE

Weatherford Announces a Strategic Agreement with Amazon Web Services t...

Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it has signed an agreement with Amazon Web Services (“AWS”) that will transform Weatherford’s digital capabilities and help drive innovation in the energy sector. As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardw...

 PRESS RELEASE

Weatherford Releases Annual Sustainability Report

Weatherford Releases Annual Sustainability Report HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today the release of its 2024 Sustainability Report, which highlights the Company’s continued progress in advancing environmental, social, and governance (“ESG”) practices and showcases recent achievements in sustainability efforts. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “At Weatherford, sustainability is an integral part of our operations, guiding how we grow and ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch