Weatherford International Ltd (NYSE:WFT)’s Operations In 10 Service Lines

710

Dallas, Texas 11/04/2013 (Financialstrend) – Friday’s trading

In Friday’s trading, Weatherford International Ltd (NYSE:WFT) dropped by 0.43%. The opening price of the shares was $16.40, which climbed to an intraday high of $16.49 and dipped to a close of $16.37. Approximately 9.76 million shares were traded on Friday while an average volume of 6.58 million shares were traded over a 30 day period. The 52-week low of Weatherford International Ltd (NYSE:WFT) shares is $8.84 and its 52-week high is $16.68. The company has a market capitalization of $12.57 billion.

About the company

Weatherford International Ltd (NYSE:WFT) was incorporated in 1972. The company is a provider of equipment & services that are used in the evaluation, drilling, completion, production & intervention of oil & natural gas wells. It operates 4 segments: 1- North America, 2- Latin America, 3- Europe/ the former Soviet Union/West Africa and 4- Middle East/North Africa/Asia. The company operates in more than 100 countries and has manufacturing facilities & sales, service & distribution locations in almost all the oil & natural gas producing regions across the globe.

Weatherford International Ltd (NYSE:WFT) operates in 10 service lines: artificial lift systems, stimulation &chemicals; drilling-services; well-construction; integrated-drilling; completion-systems; drilling-tools; wireline & evaluation services; re-entry & fishing and pipeline &specialty services. Weatherford Switzerland conducts all its operations via its subsidiaries, including Weatherford International and Weatherford Bermuda

Artificial Lift Systems

Various Artificial lift-systems are installed in oil & gas wells that don’t have enough reservoir-pressure to lift available hydrocarbons to surface-levels. These systems supplement natural reservoir pressures and produce oil or natural gas from that well. It provides all kinds of lift, including progressing-cavity pumps, reciprocating rod-lift systems, gas-lift systems, hydraulic-lift systems, plunger-lift systems, hybrid-lift systems, and electric-submersible systems. These are sold via an entity in which it holds a minority investment. Wellhead systems & production optimization are included in this product-grouping.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.