Weatherford wants to expand its footprint in China, where early exploration of shale gas plays has yielded promising results but transitioning the new fields into full production has been slower than expected.
Weatherford in China deal
SERVICES giant Weatherford International has formed a joint venture with Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Equipment Company focusing on China's emerging unconventional oil and gas plays.
23 May 2014 7:46 GMT
Updated
23 May 2014 7:46 GMT
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