Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency

Rhea-AI Summary

Weatherford International (NASDAQ: WFRD) has announced a strategic partnership with Amazon Web Services (AWS) to enhance its digital transformation initiatives. Under this agreement, AWS becomes Weatherford's preferred cloud provider, supporting the migration and modernization of the company's software and hardware suite. The collaboration focuses on three key areas:

1. Modern Edge Platform integration with CygNet control system
2. Enhancement of Weatherford's Unified Data Model for multi-asset data analysis
3. Improvement of WFRD Software Launchpad for customer application management

The partnership aims to leverage AWS's cloud infrastructure to help Weatherford's customers modernize operations, reduce complexity, and achieve greater autonomy in decision-making while maintaining data control.

Positive

• Strategic partnership with AWS enhances digital capabilities and operational efficiency
• Access to AWS's world-class cloud infrastructure for modernization
• Development of next-generation technologies through AWS collaboration
• Improved data integration and analysis capabilities through Unified Data Model
• Enhanced customer control over data without single-application lock-in

Negative

• None.

HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced it has signed an agreement with Amazon Web Services (“AWS”) that will transform Weatherford’s digital capabilities and help drive innovation in the energy sector.

As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardware suite to AWS. This includes the Company’s Modern Edge Platform, which integrates advanced software-enabled hardware with Weatherford’s world-class control system, CygNet. The solution is modular and seamlessly integrates with existing infrastructure, allowing customers to modernize their operations with minimal disruption.

With this agreement, AWS will also support the development of next-generation technologies, further enhancing Weatherford’s Unified Data Model. This solution allows customers to integrate, harmonize, and analyze multi-asset data within a scalable, API-compatible model, driving operational efficiency and enabling data-driven decision-making.

Additionally, the collaboration will enhance the WFRD Software Launchpad, a platform that provides customers with access to Weatherford-built and Weatherford-partnered applications. The Launchpad ensures that customers retain control over their data while seamlessly managing multiple software solutions without being locked into a single application.

Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "We are excited to work with AWS to deliver a comprehensive suite of innovative solutions that enable our customers to drive efficiency and innovation. This collaboration allows us to leverage AWS’s world-class cloud infrastructure to help our customers modernize their operations, reduce complexity, and achieve greater autonomy in their decision-making."

“AWS capabilities are accelerating Weatherford’s digital transformation and helping the company drive innovation in their digital solutions to meet customers’ needs,” said Howard Gefen, GM for Energy and Utilities at AWS. “This collaboration will enhance Weatherford’s ability to deliver its operational and petrotechnical solutions by leveraging scalable, hardware and software solutions that empower energy companies to optimize their operations and achieve sustainable growth in an increasingly complex landscape.”

About Weatherford
Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 18,000 team members representing more than 110 nationalities and 320 operating locations. Visit weatherford.com for more information and connect with us on social media.

Contacts
For Investors:
Luke Lemoine
Senior Vice President, Corporate Development & Investor Relations
+1 713-836-7777
investor.relations@weatherford.com

For Media:
Kelley Hughes
Senior Director, Communications & Employee Engagement
media@weatherford.com

FAQ

What is the strategic partnership between Weatherford (WFRD) and AWS in 2025?

Weatherford has selected AWS as its preferred cloud provider to migrate and modernize its software and hardware suite, including the Modern Edge Platform, Unified Data Model, and WFRD Software Launchpad.

How will the AWS partnership benefit Weatherford's (WFRD) customers?

Customers will benefit from modernized operations, reduced complexity, enhanced data analysis capabilities, and greater autonomy in decision-making while maintaining control over their data.

What are the key components of Weatherford's digital transformation with AWS?

The key components include the Modern Edge Platform with CygNet control system, Unified Data Model for multi-asset data analysis, and WFRD Software Launchpad for application management.

What is Weatherford's (WFRD) Software Launchpad?

WFRD Software Launchpad is a platform providing access to Weatherford-built and partnered applications, allowing customers to manage multiple software solutions without being locked into a single application.