The structure of Weatherford, the Irish international oilfield services company operating in Russia, has decided to continue the execution of existing contracts, and the organization also plans to sign new contracts with customers. In this respect Wrote The newspaper Kommersant cites reporting data from the Russian structure Weatherford.
The document stated that work will continue, including Weatherford LLC, which accounts for the bulk of the company’s revenue in Russia.
The newspaper wrote that Weatherford has so far not made public its stance on continuing to work in Russia following the imposition of Western sanctions.
The Irish company’s Russia business accounts for about 7% of Weatherford’s total revenue. Weatherford LLC’s revenue at the end of 2022 increased by 23% to 20.1 billion rubles.
Weatherford is often referred to as one of the “big four” oilfield services companies, along with French Schlumberger and American Halliburton and Baker Hughes.
Press service of the service company in the energy sector Weatherford International in the second half of March reported About the suspension of supply and investments in Russia.