eos de Venezuela, S.A. and Petroleos Mexicanos. Dispositions In July 2014, the company completed the sale of its land drilling and workover rig operations in Russia and Venezuela, which was a portion of its Integrated Drilling service line. In September 2014, the company completed the sale of its pipeline and specialty services business, which was part of its Completion and Production product service line group. In December 2014, the company completed the sale of its engineered chemistry and Integrity drilling fluids businesses, which were a portion of its Stimulation service line. Strategy Principal components of the company’s strategy include continuously improving the efficiency, productivity, and quality of its products and services and their respective delivery to its customers; a commitment to innovation, invention and integration, developing and commercializing of new products and services that meet the evolving needs of its customers across the reservoir lifecycle; and further extending process, productivity, quality, safety, and competency across its global infrastructure in scope and scale at a level consistent with meeting client demand for its core products and services in an operationally efficient manner. Research and Development The company’s expenditures for research and development totaled $290 million in 2014. Seasonality Spring months in Canada and winter months in the North Sea and Russia have been noted to affect the company’s operations negatively. Competition The company’s principal competitors include Schlumberger, Halliburton, Baker Hughes, National Oilwell Varco, Cameron International, Noble Energy, and Nabors Industries. History Weatherford International public limited company was founded in 1972.
weatherford international pl
(WFT:New York Consolidated)
Phone: 41 22 816 15 00
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