Equinor, Weatherford sign $80 million liner hanger agreement
8/29/2019
BAAR, SWITZERLAND – Weatherford has signed an $80 million liner hanger frame agreement with Equinor, representing the largest liner hanger frame agreement ever signed by the company.
Mark Hopmann, president of Completions for Weatherford said, "Weatherford is the market leader for liner-hanger technology across the North Sea. Guided by a principle of flawless execution, we deploy our liner hangers for reduced operating expenses and superior performance reliability."
The Company's liner-hanger technology reduces the length of the last liner set in the well by several hundred meters. Rather than extending a single casing string to the top of the wellbore, the technology enables suspending the liner below the ground. The savings are substantial versus a conventional casing run, especially considering the associated time and costs for cementing.
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