Oil services company Weatherford hires advisers to sell units: Reuters

U.S. oil services company Weatherford International has appointed advisers including Morgan Stanley to sell units starting in the first quarter of 2018, banking sources told Reuters. Sources said the company was looking to offload the artificial lift business, the wellheads and the drilling tools units, and the international pressure pumping assets. Potential bidders for the pressure pumping assets included U.S.-based Superior Energy Services, Canada-based pressure pumper Calfrac Well Services, and private equity-backed energy funds. Calgary's Calfrac last year entered into a $200 million strategic financing partnership with Alberta Investment Management Corp (AIMCo).

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