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Weatherford lands $400m Abu Dhabi drilling services contract

Weatherford International said it has secured a five-year contract worth $400 million from Abu Dhabi National Oil Company (Adnoc), to provide directional drilling and logging-while-drilling services for a key project of the group.

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ADNOC Awards Weatherford Over $400 Million to Provide Drilling Services

/PRNewswire/ Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") received a five-year framework agreement from Abu Dhabi National.

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Weatherford International (WFRD) Announces ADNOC Awards it Over $400 Million to Provide Drilling Services

Weatherford International (WFRD) Announces ADNOC Awards it Over $400 Million to Provide Drilling Services
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Abu dhabiGirish saligramAbu dhabi national oil companyWeatherford drilling servicesWeatherford internationalCountry value programWeatherford presidentChief executive officerIn country value program

ADNOC Awards Weatherford Over $400 Million to Provide Drilling Services

/PRNewswire/ Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") received a five-year framework agreement from Abu Dhabi National.

United statesAbu dhabiGirish saligramKelley hughesGlobal communicationsAbu dhabi national oil companyWeatherford drilling servicesPrnewswire weatherford internationalWeatherford internationalCountry value programWeatherford presidentChief executive officerIn country value program

Weatherford Announces First-Quarter 2021 Results

Share this article Share this article HOUSTON, May 5, 2021 /PRNewswire/ Weatherford International plc (OTC Pink: WFTLF) ( Weatherford or the Company ) announced today its results for the first quarter of 2021. Revenues for the first quarter of 2021 were $832 million, a decline of 1% sequentially and 32% year-on-year. Reported operating loss was $13 million in the first quarter of 2021, compared to an operating loss of $107 million in the fourth quarter of 2020 and an operating loss of $822 million in the first quarter of 2020. The Company s first-quarter 2021 net loss was $116 million, compared to a net loss of $200 million in the fourth quarter of 2020 and a net loss of $966 million in the first quarter of 2020. First-quarter 2021 cash flows provided by operations were $74 million, compared to cash flows provided by operations of $22 million in the fourth quarter of 2020 and cash flows provided by operations of $30 million in the first quarter of 2020. Capital expenditur

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