Weatherford partners with Maersk Training for MPD training programs

HOUSTON - Weatherford International plc (NASDAQ:WFRD), a $5 billion market cap energy services company with strong financial metrics according to InvestingPro, announced Monday a strategic partnership with Maersk Training to develop and commercialize International Association of Drilling Contractors (IADC)-accredited Managed Pressure Drilling training programs.

The collaboration combines Weatherford’s 55 years of MPD expertise and simulation software with Maersk Training’s 45 years of training experience and facilities. The partnership aims to establish new standards in simulation-based learning for real-world drilling operations. Weatherford enters this partnership from a position of financial strength, with InvestingPro data showing liquid assets exceeding short-term obligations and a moderate debt level.

According to the press release, the joint initiative will expand access to specialized MPD training across all expertise levels while enabling operators to implement Managed Pressure Wells strategies throughout the well lifecycle.

"Managed Pressure Drilling is a transformational technology that continues to redefine how wells are planned, drilled, and completed," said Girish Saligram, President and CEO of Weatherford.

David Skov, CEO of Maersk Training, noted that "with the industry’s growing reliance on MPD to unlock efficiency and safety in challenging wells, training must keep pace."

The companies stated they are positioned to become the first globally with access to all levels of IADC MPD training. The program will be available at Maersk Training facilities worldwide and through tailored in-region sessions.

Weatherford, which operates in approximately 75 countries with about 17,000 employees, provides energy services that integrate technologies with digitalization. The company generated $5.1 billion in revenue over the last twelve months, maintaining a healthy gross profit margin of 32%. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ stocks, Weatherford’s shares are currently trading slightly below their Fair Value. Maersk Training is described as a provider of oil and gas training solutions.

The information in this article is based on a press release statement from Weatherford International.

In other recent news, Weatherford International PLC reported its third-quarter 2025 earnings, which showed a mixed outcome. The company missed the earnings per share (EPS) forecast, posting $1.12 compared to the expected $1.18, marking a negative surprise of 5.08%. However, Weatherford’s revenue exceeded expectations, reaching $1.23 billion against the forecasted $1.17 billion, a positive difference of 5.13%. In related developments, Piper Sandler adjusted its price target for Weatherford’s stock, raising it to $80 from $79 while maintaining an Overweight rating. These recent developments reflect a cautious yet optimistic outlook from analysts, with Piper Sandler’s adjustments indicating continued confidence in the company’s future performance.

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