Before joining WFD I worked for SLB and I can tell you that their processes would tremendously benefit our field and workshop personnel.
We should also create a bulletin board such as SLB to share lessons learned. Look at our MENA operations and management. Many are ex-SLB people and run a much more efficient business.
LMAOL. "Overhead expense" exactly, THAT is. Not the corrupt & f'n useless management we have, Overhead expense. Ain't it something, my dear lord
Overhead expense is just destroying wft
@gyrt not in the UK. Also depends what contract you signed 17 years ago 😏
Hey, @4isc+18iINd5o...you only get 7 weeks of severance pay.
Service companies come and go. Nothing new. They start out with high hopes and do great then they slowly start to disintegrate. Its normal, natural and healthy
I gave up 6 years ago. Not been found out yet though, even if I do I’ll pocket 17 years severance, I honestly couldn’t give a f— anymore. Next stop is a Mexican beach bar. 🍺
We just need more SLB drawings from criminals like the one on Gibson recently.
When I walked into WFT IN 2012 I thought finally!! I’m going to be with a company that has their SOPs together and I can learn even more than the 25 years of manufacturing experience I already have in my toolbox. What a fool I was and every other person who was/is working for WFT then and now. Bang your head? I banged my body against that wall. Fundamental operating processes had not even put into place. There was no sharing of lessons learned, you would have to stumble over a process for years before finding a work around to make the process work, even though another division has had the answer for that process years before. And yes I said the 2 word dirty words (work around)
There are many very intelligent and hard working employees at WFT but unfortunately they are either stabbing their co-workers just to improve their status or they are banging their head/body against the wall trying to change things but the backstabbers are blocking those people from sharing and improving the company. And the new management team that has come in isn’t the answer. Oh yeah someone asked how bad can WFT be if there stock was up 78%? Obvious that person doesn’t know the story of WFT, let’s just say this, you couldn’t find their stock for the past 2 years because they were in the penny stocks.
Remember tjat on location youre boss the company man is most likely a non hs graduate with a serious p–n addiction desperately trying to be relevant. Your slb processes end where the pervy co man begins
This has been an interesting example of how weak wft actually is.
however why is the stock up 78% today? did something new happen and Wford?
Very true realist. Now you have independent specialists the do the technical stuff they just rent tools or maybe use company tools. Ive been on both sides of the fence and wft salespeople are annoying and underfoot.
Interesting concept. Just look at the discontent at SLB. If things were so perfect why did you leave SLB? Was it missionary work that attracted you to Weatherford, delusions of grandeur or just perhaps the thought the grass was greener? Upstream oil and gas was never the land of innovation. The industry is traditional, risk averse & NOC's / Majors are no longer the cash cows that service companies used to milk...............
Wft is the land of broken toys (managers). Slb actually requires mgt peeps to have college educations oh the horror
Seems to me the problem isn't a lack of process but an inability to drive process company wide. Weatherford operated for years more as a collection of smaller companies than the so called One Weatherford which allowed upper level managers the ability to make decisions that helped their bottom line at the expense of having unified corporate procedures and strategy.
Weatherford has never been able to make the kind of culture change necessary to correct this and is now in a survival mode anyway. More SLB hands aren't going to change that.
there are three types of companies in the oil services business. innovators (SLB), imitator (Hal) and incompetence (WFT). and i have worked for all three. you have reached the end of the line in this industry. you cant take a used VW bug and make it into a F1 race car. But go ahead and hit your head against the wall and click your heels together three times and say there is no place like SLB.
SLB does not let GOOD people leave the company, they leave the iffy ones.