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Last $6.34 USD
Change Today -0.40 / -5.93%
Volume 13.7M
WFT On Other Exchanges
New York
As of 8:04 PM 02/9/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Bahnhofstrasse 1

Baar, 6340


Phone: 41 22 816 15 00


produced-water systems, tubing conveyed perforating systems, and well testing systems. Re-entry and Fishing Services provides re-entry services, fishing services, thru-tubing services, well abandonment services, and wellbore cleaning services. Cementing operations comprise one of the expensive phases of well completion. The company produces specialized equipment that allows operators to centralize the casing throughout the wellbore and control the displacement of cement and other fluids for proper zonal isolation. The company’s cementing engineers also analyze complex wells and provide all job requirements from pre-job planning to installation. Liner Systems includes liner hangers, which allow suspension of strings of casing within a wellbore without the need to extend the casing to the surface. Majority directional wells include one or more liners to optimize casing programs. Drilling liners are used to isolate areas within the well during drilling operations. Production liners are used in the producing area of the well to support the wellbore and to isolate various sections of the well. Integrated Laboratory Services provides support for fluid reservoir characterization, specialized core and fluid testing, enhanced oil recovery, rock strength and characterization, sour richness and maturity, sorption properties assessment, and reservoir flow studies. Surface Logging Systems provide advanced gas analysis, drilling instrumentation, mud logging services, and wellsite consultants. Completion and Production The Completion and Production product service line group uses multi-zone isolation and access systems. The company’s completion products, reservoir stimulation design and engineering capabilities are delivered to unlock reserves in deepwater, unconventional and aging reservoirs. The company’s suite of production optimization services boosts field productivity and profitability through its artificial lift portfolio, as well as production workflows and optimization software. The descriptions of its current service lines under the Completion and Production product service line group are as follows: Artificial Lift Systems are installed in oil and gas wells without sufficient reservoir pressure to produce oil or natural gas from the well. The company provides various forms of lift, including reciprocating rod lift systems, which create a pumping action through a downhole rod pump, progressing cavity pumping for predominantly heavy oil, coal-bed methane and medium crude oil applications, gas lift systems for producing reservoirs or in wells that have stopped working, hydraulic lift systems to operate a downhole hydraulic pump (jet or piston), plunger lift systems primarily for dewatering liquid loaded gas wells, and hybrid lift systems for special applications. The company also offers wellhead systems to reduce time in changing wellhead sizes while increasing safety procedures, production monitoring and optimization, and flow measurement, which measures how much oil, water, and gas is flowing in a well. Stimulation offers clients advanced chemical technology and services for production enhancement. These products and services include a fleet of pressure pumping services, including cementing services, coiled tubing services equipment designed to ensure effective results during operations that require coiled tubing intervention; and reservoir stimulation hydraulic fracturing services for oil and natural gas wells in low-permeability reservoirs. Completion Systems offers clients a line of completion tools, such as cased hole and flow control systems, well screens, industrial screens, and sand screens. The company also offers a range of completion services, including upper completions, lower completions, and reservoir monitoring. Customers The company’s customers engage in the energy industry. Majority of its international sales are to large international or national oil companies and these sales have resulted in a concentration of receivables from certain national oil companies worldwide, primarily in Latin America. As of December 31, 2014, the company’s Latin America customers included Petrol


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