Weatherford International plc (NASDAQ: WFRD) announced it has been selected by Ventura Offshore Holding Ltd to provide a managed pressure drilling solution for the SSV Victoria offshore drilling rig in Brazil.

The contract includes delivery of Weatherford's G3 Integrated Riser Joint MPD system, along with rig preparation, system integration, and long-term aftermarket maintenance services for operations in Brazil's Búzios Field.

The managed pressure drilling technology is designed for deepwater wells with tight pressure windows. Weatherford stated its MPD IRJ technology is the most widely deployed MPD solution in Brazil, supported by local teams providing engineering, maintenance, and field support.

"We appreciate Ventura Offshore's confidence in Weatherford and the opportunity to support the SSV Victoria as it prepares for offshore operations in Brazil," said Girish Saligram, Weatherford's President and Chief Executive Officer.

Guilherme Coelho, CEO of Ventura Offshore, commented that "an integrated MPD solution is key to safe, predictable, and high-performance operations on SSV Victoria."

Ventura Offshore operates one drillship and two semisubmersible drilling rigs, with operations currently in Brazil and Indonesia. The company was listed on Euronext Growth Oslo in June 2024 under the ticker "VTURA."

According to the press release, this represents new work for Weatherford in Brazil's offshore market. The company provides engineering and configuration support through its Managed Pressure Wells Center of Excellence in Houston, Texas.