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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
weatherford.com

Investments

1

Portfolio Exits

4

Partners & Customers

10

About Weatherford International

Weatherford International Ltd. (NYSE:WFT) is a global provider of advanced products and services that span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells.

Headquarters Location

2000 St James Place

Houston, Texas, 77056,

United States

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Latest Weatherford International News

Solid Control Equipment Market Size and Share: Fueling Growth at a CAGR of 8.62% to Cross $5.74 Billion by 2030

May 26, 2023

Growth at a CAGR of 8.62% to Cross $5.74 Billion by 2030 [230 + Pages Report] According to a market research study published by Zion Market Research, the demand analysis of Global Solid Control Equipment Market size & share revenue was valued at around USD 3.00 billion in 2022 and is estimated to grow about USD 5.74 billion by 2030, at a CAGR of approximately 8.62% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are ORS International Ltd, KOSUN Machinery Co. Ltd, China Petroleum Technology & Development Corporation (CPTDC), KES Energy Equipment Manufacturing Hebei Co. Ltd, Derrick Corporation, GN Solids Control, Baker Hughes Company, Weatherford International Plc, Halliburton Company, Schlumberger Limited, and others. May 26, 2023 08:59 ET Sarasota, Florida, UNITED STATES Chicago, IL, May 26, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Solid Control Equipment Market By Location Of Deployment (Offshore And Onshore), By Type (Centrifuge, Vacuum Degasser, Desilter, Desander, Shale Shaker), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030” in its research database. “According to the latest research study, the demand of global Solid Control Equipment Market size & share in terms of revenue was valued at USD 3.00 billion in 2022 and it is expected to surpass around USD 5.74 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.62% during the forecast period 2023 to 2030.” What is Solid Control Equipment? Report Overview: The process of eliminating gas and other impurities that have become trapped in drilling rigs requires the utilization of a gear known as solid control equipment. The process makes use of a variety of instruments, including decanter centrifuges, mud cleaners, vacuum degassers, agitators, settling tanks, hydro cyclones, shale shakers, and others. These tools are classified as settling tanks. The use of such equipment assists in the separation of fluids and solids that have been brought to the surface from the well. Additionally, the apparatus is composed of five distinct layers, which include a centrifuge, distiller, vacuum degasser, and mud tank. Eliminating the carbon footprint associated with the disposal and transportation of drilling mud is made easier with the assistance of solid controls. It assists in successfully lowering the project cost, which in turn makes it possible for the drilling fluid to be recycled further and cleansed for further drilling. Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs -  https://www.zionmarketresearch.com/sample/solid-control-equipment-market (A free sample of this report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the Following: Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package About 230+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on Request Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023 Includes Tables and figures have been updated The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Zion Market Research research methodology (Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.) Global Solid Control Equipment Market: Growth Factors The expanding need for waste management is projected to be a driving force behind the expansion of the global market. As a result of the increased need for solid control equipment throughout the drilling process, the expansion of the global solid control equipment market is anticipated to be driven by this demand. However, there is a growing trend towards environmentally responsible drilling that is gaining popularity among end users, which is greatly increasing the need for the product. The cost of the project as a whole can be brought down thanks, in part, by the solid control equipment. In addition, the widespread implementation of solid control measures, in conjunction with the significant increase in the application of synthetic fluids, is further bolstering the expansion of the global solid control equipment market. Because the system assists in the removal of dangerous materials and offers an improvement in the quality of the mud, it contributes to an increase in the demand for equipment to control solids. The increasing urbanization that is occurring in economies that are still in the process of developing is having a beneficial effect on the expansion of the market. The rising rate of urbanization is causing an increase in the demand for water that may be consumed and used, which, once again, calls for the utilization of drilling equipment. A significant aspect that is helping to drive the expansion of the market is the recent rise in the number of rigs operating in international waters. The use of solid control technology in modern drilling techniques helps to reduce fluid losses to a greater extent, which in turn helps to increase the efficiency of the drilling process. Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/solid-control-equipment-market Report Scope

Weatherford International Investments

1 Investments

Weatherford International has made 1 investments. Their latest investment was in Wellogix as part of their Unattributed VC - II on October 10, 2000.

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Weatherford International Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/13/2000

Unattributed VC - II

Wellogix

$20M

Yes

Date

10/13/2000

Round

Unattributed VC - II

Company

Wellogix

Amount

$20M

New?

Yes

Co-Investors

Sources

Weatherford International Portfolio Exits

4 Portfolio Exits

Weatherford International has 4 portfolio exits. Their latest portfolio exit was Weatherford International - Surface Data Logging Business on February 14, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/14/2019

Divestiture

Weatherford International - Surface Data Logging Business

$99M

1

1/2/2018

Divestiture

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$99M

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10

1/18/2013

Acquired - II

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$99M

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10

4/30/2012

Divestiture

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$99M

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0

Date

2/14/2019

1/2/2018

1/18/2013

4/30/2012

Exit

Divestiture

Divestiture

Acquired - II

Divestiture

Companies

Weatherford International - Surface Data Logging Business

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

0

Weatherford International Acquisitions

3 Acquisitions

Weatherford International acquired 3 companies. Their latest acquisition was Isotech Laboratories on June 07, 2011.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/7/2011

$99M

Acquired

1

8/18/2008

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$99M

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0

11/30/2001

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$99M

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10

Date

6/7/2011

8/18/2008

11/30/2001

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

0

10

Weatherford International Partners & Customers

10 Partners and customers

Weatherford International has 10 strategic partners and customers. Weatherford International recently partnered with DataRobot on December 12, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

12/23/2022

Partner

United States

Weatherford International and DataRobot to advance AI capabilities

Weatherford International signed a multi-year agreement with DataRobot to deliver advanced AI solutions in its digital platforms , including the ForeSite production optimization and Centro well construction platforms .

2

12/9/2021

Partner

United States

Avo Photonics and Weatherford Develop Downhole Multi-Channel Photometric Analyzer.

Custom opto-electronic design and production specialist Avo Photonics in collaboration with the Wireline R&D optical sensor group at Weatherford International has successfully designed and validated the performance of a downhole multi-channel photometric analyzer .

1

8/12/2020

Vendor

United States

Weatherford, INT Expand Collaboration to Create 2D, 3D Real-Time Well Visualization

HOUSTON , Aug. 12 , 2020 / PRNewswire / -- Weatherford International plc announced a strengthened collaboration with upstream data visualization provider INT to provide next-level , real-time well visualization in both 2D and 3D .

8

5/19/2020

Client

Australia

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10

8/28/2019

Client

Norway

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10

Date

12/23/2022

12/9/2021

8/12/2020

5/19/2020

8/28/2019

Type

Partner

Partner

Vendor

Client

Client

Business Partner

Country

United States

United States

United States

Australia

Norway

News Snippet

Weatherford International and DataRobot to advance AI capabilities

Weatherford International signed a multi-year agreement with DataRobot to deliver advanced AI solutions in its digital platforms , including the ForeSite production optimization and Centro well construction platforms .

Avo Photonics and Weatherford Develop Downhole Multi-Channel Photometric Analyzer.

Custom opto-electronic design and production specialist Avo Photonics in collaboration with the Wireline R&D optical sensor group at Weatherford International has successfully designed and validated the performance of a downhole multi-channel photometric analyzer .

Weatherford, INT Expand Collaboration to Create 2D, 3D Real-Time Well Visualization

HOUSTON , Aug. 12 , 2020 / PRNewswire / -- Weatherford International plc announced a strengthened collaboration with upstream data visualization provider INT to provide next-level , real-time well visualization in both 2D and 3D .

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Sources

2

1

8

10

10

Weatherford International Team

17 Team Members

Weatherford International has 17 team members, including current Chief Financial Officer, Douglas Bain.

Name

Work History

Title

Status

Douglas Bain

Chief Financial Officer

Current

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Name

Douglas Bain

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Work History

Title

Chief Financial Officer

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Status

Current

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