Weatherford U.K. Limited

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Weatherford U.K. Limited - overview

Established

1965

Location

Loughborough, -, UK

Primary Industry

Oil & Gas

About

Weatherford U. K. Limited provides innovative energy services for optimizing oil and gas extraction. Their expertise integrates advanced technologies with proven strategies to enhance operational efficiency and asset value for clients across multiple sectors.


Weatherford International specializes in energy services that enhance oil and gas resource extraction. Founded in 1965, the company is led by CEO Girish Saligram and has expanded its global footprint with offices strategically located in North America, Europe, the Middle East, Africa, and Asia-Pacific. The firm has evolved its business strategy over the years to adapt to industry demands, although specific strategic pivots are not detailed. Weatherford operates as a subsidiary of Weatherford International plc, focusing on delivering comprehensive solutions in the energy sector.


Weatherford International specializes in innovative energy services designed to optimize the extraction and production of oil and gas resources. The company’s core product offerings encompass a wide range of technologies and solutions that integrate advanced digitalization with proven methodologies, enabling clients to maximize asset value and operational efficiency. These services include drilling, evaluation, completion, production, and intervention solutions tailored for various sectors within the energy industry. Weatherford serves a diverse client base that includes major oil and gas operators, independent producers, and energy service companies across multiple geographical markets such as North America, Europe, the Middle East, Africa, and Asia-Pacific.


Their offerings address critical use cases such as enhancing recovery rates, reducing operational costs, and advancing sustainable energy practices, contributing to a more efficient and responsible energy sector. Weatherford International generates revenue through contracts with clients in the oil and gas industry for its comprehensive suite of services. Business transactions typically involve direct B2B arrangements where clients engage Weatherford for specific projects, such as drilling operations or asset optimization services. The company may operate under various pricing structures, including fixed pricing agreements for specific projects or performance-based contracts tied to efficiency gains.


The revenue structure also allows for recurring income through service agreements and maintenance contracts for ongoing operational support. While specific pricing details for flagship products and services are not disclosed, the focus remains on delivering significant value through tailored solutions that enhance client profitability and operational performance.


Primary Industry

Oil & Gas

Sub Industries

Oil & Gas, Oil & Gas Equipment and Services

Website

www.weatherford.com

Total Amount Raised

Subscriber access only

Weatherford U.K. Limited - timeline of key events

Blurred Background

Want to see the Timeline of Key Events?

Request a demo for full access to this profile.

Weatherford U.K. Limited - financials

Fiscal Year EndedDec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)124,375,000130,102,000132,581,000---
% Revenue Growth (YoY)-4.6%1.9%---
EBITDA (USD)(18,824,000)9,335,0002,006,000---
Operating Income (USD)(37,969,000)(14,851,000)(13,079,000)---
Operating Margin(30.5%)(11.4%)(9.9%)---
% EBITDA Margin(15.1%)7.2%1.5%---
NET Income (USD)(17,313,000)(21,883,000)3,141,000---
% Net Margin(13.9%)(16.8%)2.4%---

Weatherford U.K. Limited - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.