In its fourth quarter results on Tuesday, Weatherford said it had identified four businesses it planned to divest in 2014, including its pipeline and specialty services, testing and production services, drilling fluids and wellheads businesses.
It expects to completed its legacy loss contracts in Iraq this year and fully exit its early production facility business permanently, while the spin-off or initial public offering of its land drilling rig business is expected to take place either late this year or early 2015.
The
