Following the recent news of the opening of a new integrated laboratory in Colombia, Weatherford has announced that its shareholders have approved changing its place of incorporation from Switzerland to Ireland.
The decision was approved at the Extraordinary General Meeting of Shareholders held in Zug, Switzerland. As previously disclosed by the SIX Swiss Exchange, trading in the shares of Weatherford on the SIX Swiss Exchange were suspended from and including 17 June.
Depending on the date of the registration of the merger in the commercial register of the Canton of Zug, Switzerland, the effective day of delisting of the Shares will be 19 June 2014.
Marine Well Containment Company (MWCC) has awarded Weatherford a contract for the design and construction of the topsides process modules for two dynamically positioned tankers to operate in the US Gulf of Mexico.
Weatherford International Ltd has announced its participation in a collaborative project to develop a fibre optics based in-well distributed acoustic flowmeter based on the revolutionary iDAS™ technology, developed by Silixa.