Weatherford

Omnitech Engineering has secured a contract worth about ₹920 crore from Weatherford Products GmbH under a Master Purchase Agreement spanning five years. The annual consideration is approximately USD 20.1 million plus GST.

Weatherford has won its largest-ever contract for deep-set safety valves from Petrobras, to deliver 24 Optimax safety valves over the next four years. The valves are rated up to 10,000 psi and setting depths down to 12,000 ft.