Weatherford International

Infobox_Company
company_name = Weatherford International Ltd.
company_
company_type = Oilfield services company
company_slogan =
foundation = 1940s
location = Houston, Texas
730 offices around the world
key_people = Chairman & CEO: Bernard Duroc-Danner (2006)
num_employees = 30,100 (2006) [ [http://www.weatherford.com/weatherford/groups/public/documents/aboutwft/ci_weatherfordhistory.hcsp Weatherford] - Company history]
industry = Oil Well Services
revenue = profit$4.6 billion USD (2005) NYSE|WFT
products = Diversified Oil field services
homepage = [http://www.weatherford.com/ 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.

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).

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 strengthens 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 1, 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.

udan 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 Weatherford 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. [cite journal|title=A Texas company in Sudan|first=Vivienne|last=Walt|journal=Fortune|url=http://money.cnn.com/magazines/fortune/fortune_archive/2007/08/06/100156743/index.htm] In September 2007 Weatherford announced that it would cease operating in countries sanctioned by the United States. [cite journal|title=U.S. oil firm pulls out of Sudan|first=Vivienne|last=Walt|journal=Fortune|url=http://money.cnn.com/2007/09/12/magazines/fortune/walt_khartoumfolo.fortune/index.htm ] [cite journal|title=Weatherford to leave sanctioned countries: Oil-field-service firm following lead of others|journal=Houston Chronicle|url=http://money.cnn.com/2007/09/12/magazines/fortune/walt_khartoumfolo.fortune/index.htm]

ee also

* List of oilfield service companies

References

External links

* [http://www.weatherford.com/ Weatherford.com page]
* [http://www.sudandivestment.org/ Sudan Divestment Task Force Page]