Weatherford Awarded Eight-Year Real-Time Digital Wellsite Monitoring Contract by Romgaz
Weatherford (NASDAQ: WFRD) has secured an eight-year contract from SNGN Romgaz S.A., Romania's largest natural gas producer, to provide real-time digital wellsite monitoring services. This marks Romgaz's first implementation of such technology, demonstrating their commitment to digital transformation.
The contract involves deploying monitoring systems across thousands of existing wells, utilizing cloud infrastructure and AI-enabled insights to optimize production. Weatherford's technology will collect critical field data to guide automated infrastructure decisions, enabling smarter operations and proactive intervention strategies.
Weatherford (NASDAQ: WFRD) ha ottenuto un contratto di otto anni da SNGN Romgaz S.A., il maggiore produttore di gas naturale della Romania, per fornire servizi di monitoraggio digitale in tempo reale presso i pozzi. Questo segna la prima implementazione di tale tecnologia da parte di Romgaz, a testimonianza del loro impegno per la trasformazione digitale.
Il contratto prevede l'installazione di sistemi di monitoraggio su migliaia di pozzi esistenti, utilizzando infrastrutture cloud e intuizioni abilitate dall'IA per ottimizzare la produzione. La tecnologia Weatherford raccoglierà dati critici sul campo per guidare decisioni automatizzate sull'infrastruttura, consentendo operazioni più intelligenti e strategie di intervento proattivo.
Weatherford (NASDAQ: WFRD) ha asegurado un contrato de ocho años con SNGN Romgaz S.A., el mayor productor de gas natural de Rumanía, para proporcionar servicios de monitoreo digital en tiempo real en el sitio de los pozos. Esto marca la primera implementación de dicha tecnología por parte de Romgaz, demostrando su compromiso con la transformación digital.
El contrato implica desplegar sistemas de monitoreo en miles de pozos existentes, utilizando infraestructura en la nube e ideas impulsadas por IA para optimizar la producción. La tecnología de Weatherford recogerá datos críticos del campo para guiar decisiones automatizadas de infraestructura, permitiendo operaciones más inteligentes y estrategias de intervención proactiva.
Weatherford (NASDAQ: WFRD)가 ROM Romgaz S.A.의 다년간 계약을 체결했습니다. 이 계약은 루마니아 최대의 천연가스 생산기업 Romgaz에 실시간 디지털 현장 모니터링 서비스를 제공하는 여덟 년 계약입니다. 이는 Romgaz가 이러한 기술의 첫 도입을 의미하며 디지털 트랜스포메이션에 대한 의지를 보여줍니다.
계약은 수천 개의 기존 유정에 걸친 모니터링 시스템을 배치하고 클라우드 인프라 및 AI 기반 인사이트를 활용해 생산을 최적화합니다. Weatherford의 기술은 현장 데이터를 수집해 자동화된 인프라 의사결정을 안내하고 더 똑똑한 운영과 능동적 개입 전략을 가능하게 할 것입니다.
Weatherford (NASDAQ: WFRD) a obtenu un contrat de huit ans avec SNGN Romgaz S.A., le plus grand producteur de gaz naturel de Roumanie, pour fournir des services de surveillance numérique des puits en temps réel sur site. Cela marque la première adoption par Romgaz de cette technologie, démontrant son engagement envers la transformation numérique.
Le contrat implique le déploiement de systèmes de surveillance sur des milliers de puits existants, en utilisant une infrastructure cloud et des insights activés par l’IA pour optimiser la production. La technologie Weatherford collectera des données critiques sur le terrain pour guider des décisions d'infrastructure automatisées, permettant des opérations plus intelligentes et des stratégies d'intervention proactives.
Weatherford (NASDAQ: WFRD) hat einen achtjährigen Vertrag mit SNGN Romgaz S.A., dem größten Erdgasproduzenten Rumäniens, erhalten, um Echtzeit-Überwachung von Bohrlöchern zu bieten. Dies markiert die erste Implementierung einer solchen Technologie durch Romgaz und belegt ihr Engagement für die digitale Transformation.
Der Vertrag sieht vor, Monitoring-Systeme über tausende bestehende Bohrlöcher zu installieren, unter Nutzung von Cloud-Infrastruktur und KI-gestützten Erkenntnissen, um die Produktion zu optimieren. Die Technologie von Weatherford wird wichtige Felddaten sammeln, um automatisierte Infrastrukturentscheidungen zu steuern und intelligentere Betriebs- und proaktive Eingriffsstrategien zu ermöglichen.
Weatherford (NASDAQ: WFRD) قد حصلت على عقد لمدة ثماني سنوات من SNGN Romgaz S.A., أكبر منتج للغاز الطبيعي في رومانيا، لتقديم خدمات المراقبة الرقمية للمواقع الحقلية في الوقت الفعلي. وهذا يمثل أول تنفيذ لتلك التقنية من قبل Romgaz، مما يبرز التزامهم بالتحول الرقمي.
يشمل العقد نشر أنظمة مراقبة عبر آلاف الآبار القائمة، باستخدام بنية تحتية سحابية ورؤى مدعومة بالذكاء الاصطناعي لتحسين الإنتاج. ستجمع تقنية Weatherford بيانات ميدانية حاسمة لتوجيه قرارات بنية تحتية آلية، مما يمكّن من عمليات أكثر ذكاءً واستراتيجيات تدخل استباقية.
Weatherford (NASDAQ: WFRD) 已获得来自罗马尼亚最大天然气生产商SNGN Romgaz S.A.的一份为期 八年 的合同，提供实时数字井场监控服务。这标志着 Romgaz 首次引入此类技术，显示其对数字化转型的承诺。
该合同涉及在 数千口现有油井 上部署监控系统，利用云基础设施和人工智能驱动的洞察来优化产量。Weatherford 的技术将收集现场关键数据，以指导自动化基础设施决策，从而实现更智能的运营和主动干预策略。
- Secured long-term eight-year contract with Europe's third-largest gas producer
- Large-scale deployment across thousands of wells indicates significant contract value
- Strategic positioning in Romania's digital transformation with first-mover advantage
- Recurring revenue potential through long-term monitoring services
- Implementation across thousands of wells may present logistical challenges
- Success depends on effective integration of new technology with existing infrastructure
Insights
Weatherford secures substantial 8-year digital contract with Romgaz, strengthening recurring revenue and showcasing its technological leadership in production optimization.
Weatherford's newly announced eight-year contract with Romgaz represents a significant commercial win that strengthens the company's position in digital oilfield services. The deal's extended duration provides valuable long-term revenue visibility in a sector often characterized by shorter-term agreements. What makes this particularly notable is that this marks Romgaz's first implementation of real-time monitoring services, positioning Weatherford as the technological partner of choice for Romania's largest gas producer.
The contract's scope is substantial, covering thousands of existing wells across Romgaz's operations. Weatherford will deploy cloud-based infrastructure to collect critical wellhead data, providing real-time insights that enable production optimization through AI-enabled analytics. This represents high-margin recurring revenue rather than one-time equipment sales, as Weatherford will continuously provide data services throughout the contract term.
This agreement demonstrates Weatherford's competitive advantage in digital transformation services for traditional energy companies. By securing this pioneering contract with Romgaz, Weatherford has established a strategic foothold that could lead to expanded service offerings as Romgaz advances its digitalization journey. The CEO's mention of recent investments in Romania indicates Weatherford has been strategically positioning itself in this market, which is now yielding commercial results through this significant contract win.
HOUSTON, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded an eight-year contract by SNGN Romgaz S.A., the largest natural gas producer and main supplier in Romania and the third largest gas producer in Europe, to deliver services for real-time monitoring and transmission of dynamic parameters from the wellheads of gas wells, improving production optimization through digital and AI-enabled insights.
This award marks the first time Romgaz has sought such services, reflecting its commitment to advancing digital transformation and production automation. Under the agreement, Weatherford will partner with Romgaz to implement a wellsite monitoring campaign across thousands of existing wells. Leveraging cloud infrastructure, Weatherford technology will acquire critical data from field locations to provide Romgaz with key information for production decisions. This information will guide in-field, Weatherford-supplied automated infrastructure to deliver Romgaz’s goal of production optimization.
Girish K. Saligram, President and Chief Executive Officer of Weatherford, commented, “We are proud to support Romgaz in their first deployment of real-time monitoring services. With our technology, expertise, and recent investments in Romania, Weatherford is well positioned to help Romgaz optimize production and build fields of the future with solutions that enable smarter and more reliable operations.”
Razvan Popescu, Chief Executive Officer of Romgaz, added, “Partnering with Weatherford marks a significant step forward in Romgaz’s digital transformation journey. For the first time, we are implementing real-time wellsite monitoring technologies that will provide actionable insights and enhance the efficiency of our operations. This initiative aligns with our strategic objectives of innovation and operational excellence. We are confident that this collaboration with Weatherford represents a strategic first step in integrating AI-driven technologies into our operations and laying the foundation for a new era of intelligent transformation.”
Weatherford’s well monitoring solutions provide operators with continuous, high-fidelity well data, enabling smarter decision-making and proactive intervention strategies. By implementing these systems, Romgaz will benefit from enhanced visibility of well conditions and the ability to optimize production throughout the contract term.
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 17,300 team members representing more than 110 nationalities and 310 operating locations. Visit weatherford.com for more information and connect with us on social media.
For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
investor.relations@weatherford.com
For Media:
Kelley Hughes
Weatherford Global Marketing, Communications & Sustainability
media@weatherford.com
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