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Weatherford Supports Eni’s Junín 5 Integrated Drilling and Completion Campaign in Venezuela

globenewswire.com
WFRD The article focuses on Weatherford's role in supporting Eni's drilling campaign in Venezuela, providing technical services. It does not offer an opinion on the company's stock performance or future prospects.

Weatherford Supports Eni’s Junín 5 Integrated Drilling and Completion Campaign in Venezuela HOUSTON, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced its support of Eni’s Junín-5 development in Venezuela, providing integrated services and technologies to support the field’s workover and drilling campaign.

Weatherford will provide an integrated portfolio of services and technologies across the well lifecycle, leveraging its established presence in Venezuela and global capabilities to drive efficient execution and differentiated performance.

Girish Saligram, President and Chief Executive Officer of Weatherford, said, “We are excited about the opportunity ahead in Venezuela and proud to support Eni as activity at Junín-5 gets underway. Our established presence in the country, combined with the breadth of our global capabilities, positions Weatherford to play a meaningful role in the re-emergence of this important energy market. We see significant potential ahead and are well positioned to capture opportunities as investment and activity increase.”

Weatherford has a long-standing presence in Venezuela and a proven ability to combine local expertise with global technology and service capabilities. Junín-5 strengthens the Company’s position in the market and represents an important opportunity to participate in Venezuela’s next phase of energy development.

For additional information on the Junín-5 development, please refer to Eni’s announcement: https://www.eni.com/en-IT/media/press-release/2026/10/pr-eni-relaunches-production-junin-venezuela.html

About Weatherford

Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

For Investors:

Luke Lemoine

Senior Vice President, Corporate Development & Investor Relations

+1 713-836-7777

investor.relations@weatherford.com

For Media:

Kelley Hughes

Vice President, Communications, Marketing & Sustainability

media@weatherford.com