Weatherford Announces Agreement with Honeywell to Deliver Advanced Emissions Management Solution
November 07 2023 - 7:30AM
Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the
“Company”) announced it has signed a memorandum of understanding
(“MOU”) with Honeywell to deliver a combined CygNet™ SCADA and
Honeywell Emissions Management suite for advanced emissions
management and accelerate customers’ decarbonization strategy.
The MOU leverages Weatherford’s
CygNet™ SCADA platform, the energy industry’s first
standardized solution that allows operators to process data and
information in real-time to support daily operations and strategic
decision making, and Honeywell's Emission Management suite, an
outcome-based offering that helps customers measure, monitor,
report, and reduce emissions. The integrated system will facilitate
immediate access to essential data, empower decision-makers to act
swiftly to mitigate risks, and enhance operational efficiency to
achieve decarbonization targets.
Girish Saligram, President and Chief Executive
Officer of Weatherford, commented, “I am pleased to announce our
collaboration with Honeywell, an alliance that further bridges the
gap between technological excellence and environmental stewardship.
This transformative offering provides cutting-edge tools and
actionable data to help customers reach their sustainability goals
with confidence and efficiency.”
“Honeywell is helping organizations measure
emissions and produce consistent metrics for sustainability, along
with providing actionable insights to drive reductions,” said
Pramesh Maheshwari, President of Honeywell Process Solutions. “Our
Emissions Management suite, together with Weatherford’s well
lifecycle technology, enables our customers to set targets, drive
emissions reductions, and monitor progress in real time to enable
their net-zero journey.”
About Weatherford
Weatherford delivers innovative energy services
that integrate proven technologies with advanced digitalization to
create sustainable offerings for maximized value and return on
investment. Our world-class experts partner with customers to
optimize their resources and realize the full potential of their
assets. Operators choose us for strategic solutions that add
efficiency, flexibility, and responsibility to any energy
operation. The Company operates in approximately 75 countries and
has approximately 18,000 team members representing more than 110
nationalities and 335 operating locations.
Visit weatherford.com for more information and connect
with us on social media.
For Media:Kelley HughesSr. Director, Corporate
Communications and Employee Engagement media@weatherford.com
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