Vero™ Automated Connection Integrity Replaces Human
Judgment with Artificial Intelligence
BAAR, Switzerland, Nov. 12, 2018 /PRNewswire/
-- Weatherford International plc (NYSE: WFT) is
introducing Vero automated connection integrity,
which applies artificial intelligence to minimize safety risks and
validate well integrity with absolute certainty.
Experience the interactive Multichannel News Release here:
https://www.multivu.com/players/English/8413151-weatherford-introduces-vero-automated-technology-adipec-2018/
In applications ranging from conventional land to complex deep
water, the Vero solution provides operators with previously
unobtainable consistency and accuracy. The solution employs two new
proprietary features: AutoMakeup™ technology, which precisely
controls the makeup of tubular connections automatically, and
AutoEvaluate™ software, which continually assesses torque
against original equipment manufacturer specifications.
By applying artificial intelligence at every stage from pipe
manufacturing to well installation, the Vero solution removes the
uncertainty of human judgment from the connection process. In doing
so, the solution can minimize the chance of catastrophic well
failures associated with poorly made up connections, as well as
significantly reduce the total cost of well ownership, minimize
safety risks, and protect corporate reputation.
"The world-first Vero solution is enabled by the most disruptive
technology ever introduced in the tubular running space," said
Dean Bell, President of Well
Construction for Weatherford. "By replacing the inherent flaws of
human judgment with AutoMakeup and AutoEvaluate technologies, Vero
goes beyond tubular running. We expect it to minimize the
associated risks, both onshore and offshore, and help our customers
to consistently and reliably build wells that last a
lifetime."
Delivering Results: Vero™ Trial Tests
Offshore
Azerbaijan
RAN 7 COMPLETIONS
WITH MORE THAN 2,900 CONNECTIONS
|
Offshore
Qatar
RECOMPLETED 2
WELLS BY RUNNING STANDS OF TUBING
|
North Sea
MADE UP MORE THAN
1,200 COMPLETION CONNECTIONS
|
|
|
|
ATTAINED
ZERO
CONNECTION DAMAGE
|
DELIVERED 5X
GREATER
MAKEUP CONSISTENCY
|
ACHIEVED
RECORD
RUN RATE
|
Vero automated connection integrity will make its official
debut at ADIPEC 2018 with a ribbon-cutting presentation on
Monday, November 12 at noon (Hall 8,
Stand 8210).
For more information, visit www.weatherford.com/vero.
Forward-Looking Statements
This press release
includes forward-looking statements as defined under federal law,
including those related to the performance of technology described
in this press release. These forward-looking statements are
generally identified by the words "believe," "expect,"
"anticipate," "estimate," "intend," "plan," and similar
expressions, although not all forward-looking statements contain
these identifying words. Such statements are subject to significant
risks, assumptions and uncertainties. Known material factors that
could cause the Company's actual results to differ materially from
the results contemplated by such forward-looking statements are
described in the forward looking statements and risk factors in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2017 and those risk
factors set forth from time-to-time in other filings with the
Securities and Exchange Commission. Weatherford undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events, or
otherwise, except to the extent required under federal securities
laws.
About Weatherford
Weatherford is one of the largest multinational oilfield service
companies providing innovative solutions, technology and services
to the oil and gas industry. The Company operates in more than 90
countries and has a network of approximately 710 locations,
including manufacturing, service, research and development, and
training facilities and employs approximately 28,450 people. For
more information, visit www.weatherford.com and connect
with Weatherford
on LinkedIn, Facebook, Twitter and YouTube.
Contacts:
Christoph Bausch
+1.713.836.4615 Executive Vice President and Chief Financial
Officer
Karen David-Green
+1.713.836.7430 Senior Vice President, Stakeholder Engagement and
Chief Marketing Officer
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