Weatherford International plc announced on February 12, 2026 that it has been awarded a multi‑year Integrated Completions contract by TotalEnergies in Denmark. The deal underscores TotalEnergies’ confidence in Weatherford’s technical expertise, execution capabilities and commitment to delivering innovative, high‑quality well solutions for offshore operations in Denmark.
The contract, whose financial value and exact duration have not been disclosed, will see Weatherford deliver completions products and services to support TotalEnergies’ offshore activities. It expands Weatherford’s presence in the North Sea well‑services market and builds on a long‑standing relationship with the operator, reinforcing Weatherford’s position as a trusted partner for integrated well solutions in a key European market.
Weatherford’s Q4 2025 earnings, released on February 3, 2026, showed revenue of $1.289 billion—a 4% year‑over‑year decline—and a net income of $138 million, a 23% increase. Full‑year 2025 revenue was $4.918 billion, down 11% from the prior year, while net income was $431 million, down 15%. The company has guided for 2026 revenue between $4.6 billion and $5.05 billion, indicating a modest upside to its prior outlook and a focus on maintaining profitability through disciplined cost management.
Strategically, the contract supports Weatherford’s broader objective of securing high‑value, long‑term agreements that generate recurring revenue. By expanding its integrated completions footprint in the Danish North Sea, Weatherford positions itself to capture opportunities arising from the region’s mature, brownfield fields—an area where the company’s expertise in complex well interventions is in high demand.
Management emphasized the significance of the win: “We are proud to be selected by TotalEnergies for this important multi‑year contract. This award is a testament to the strength and breadth of our completions portfolio, the consistency of our execution, and the trust we’ve built through close collaboration with our customers. It also reflects the dedication of our teams, whose technical expertise and focus on delivery continue to differentiate Weatherford in demanding brownfield environments.”
The announcement comes at a time when Weatherford’s recent earnings have bolstered investor confidence, and the new contract adds a stable, long‑term revenue stream that aligns with the company’s growth and margin expansion strategy.
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