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WFT Weatherford International Plc (Ireland)

0.3656
0.00 (0.00%)
After Hours
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Weatherford International Plc (Ireland) NYSE:WFT NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.3656 0.00 00:00:00

Weatherford CEO: Scales Down Rig Count In Venezuela

20/07/2009 5:02pm

Dow Jones News


Weatherford (NYSE:WFT)
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The chief executive officer of Weatherford International Ltd. (WFT), Bernard J. Duroc-Danner, said Monday that the company has significantly reduced the number of rigs working in Venezuela.

The company has dropped its number of rigs in Venezuela to two rigs from a rig count of seven. The company has lost half of its business in Venezuela over the last three quarters.

"There has been a scale down in general in Venezuela," Duroc-Danner said in a conference call to discuss the company's second quarter earnings.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@dowjones.com

 
 

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