Pluspetrol and Weatherford Agree on the Transfer of the Pressure Pumping Business

02/18/2025 - Pluspetrol and Weatherford announce that they have reached an agreement regarding the transfer of Weatherford's Pressure Pumping Business in Argentina.

This transaction will involve all assets related to Weatherford Argentina's Pressure Pumping Business, including the fracturing set and the main assets linked to its operation, the associated operational bases, and the assigned workforce.

Pluspetrol and Weatherford are working in close coordination to meet the necessary conditions for the successful closing of this deal in the coming months and to ensure a smooth and orderly transition.

This operation includes the transfer of personnel, maintaining their employment conditions and benefits, as well as respecting the commercial commitments made with clients and contractors, while upholding the highest standards of health, safety, and service quality.

For Weatherford, this strategic transaction reflects its commitment to sharpening its operational focus while continuing to serve Argentina with innovative technologies and services. While transitioning this portion of its current business, Weatherford’s dedication to operations in Argentina remains strong, and will continue to support its customers with differentiated solutions that drive long-term value. This transaction is enabled by the talent of Weatherford’s team in Argentina, part of which will begin a new chapter as part of Pluspetrol Group.

For Pluspetrol, this is an important step in its continuous growth process, which aligns with its strategy for the efficient and sustainable development of unconventional assets in Vaca Muerta.