In the five-year expanded partnership, TCS will introduce advanced AI-driven solutions to streamline processes, reduce costs, and improve scalability.
HOUSTON | MUMBAI: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has secured a five-year renewal and expansion of its contract with Weatherford International (NASDAQ: WFRD), a multinational oilfield service company headquartered in North America. Under this extended agreement, TCS will leverage its expertise in automation, artificial intelligence, and digital optimization to drive enterprise-wide business transformation initiatives for Weatherford.
The partnership will focus on enhancing operational efficiencies across critical domains such as finance, supply chains, and human resources. TCS plans to introduce advanced AI-driven solutions to streamline Weatherford’s finance and accounting processes, reduce costs, and improve scalability. Additionally, TCS’ advisory capabilities will support Weatherford in simplifying workflows, fostering innovation, and enabling outcome-based strategies aimed at maximizing agility and long-term financial resilience. This renewed collaboration builds on seven years of a trusted partnership, during which TCS spearheaded transformative improvements in shared services. Notably, these efforts have resulted in around 50% reduction in Weatherford’s total cost of ownership across mission-critical operations.
Girish Saligram, President and CEO at Weatherford International, said, “With the energy sector facing rapid technological advancements and heightened demands for efficiency, this renewed partnership with TCS underscores the strategic importance of integrating AI-driven solutions and process optimization. These innovations are crucial not only to drive operational excellence but to position Weatherford as a leader in adapting to the evolving industry landscape. By leveraging TCS’ expertise, we aim to enhance scalability, foster innovation, and ensure sustainable growth while reinforcing our commitment to delivering unmatched value to our customers.”
Moving forward, TCS will expand its role to include strategic transformation advisory services, while ensuring the alignment of operations with Weatherford’s digital excellence journey. By integrating cutting-edge technologies and offering tailored solutions, TCS aims to empower Weatherford to optimize its resources, adapt to evolving market demands, and achieve sustainable growth.
Debashis Ghosh, President and Business Group Head of Lifesciences, Healthcare, Energy & Resources, Utilities and Public Services (US), TCS, said, “This renewed agreement builds on a solid foundation of collaboration and operational excellence established over the past seven years. TCS has successfully implemented transformative strategies, leveraging its industry-leading AI-driven automation and process optimization capabilities to consistently enhance operational efficiency. These efforts have delivered around 50% cumulative reduction in Weatherford’s total cost of ownership across critical shared service domains, underscoring the efficacy of our strategic partnership and technology-driven interventions.”
Over the past seven years, TCS has collaborated with Weatherford to optimize and manage business process operations across finance, supply chain, and human resources. The new agreement will maintain the delivery of business process services while incorporating TCS’ transformation advisory capabilities. This collaboration will support Weatherford’s transformation initiatives on an outcome-based model by leveraging TCS’ world-leading value realization expertise. The objective is to innovate by transforming work methods through process simplification and efficiency enhancements.
TCS works with four of the top five Oil Field Services companies in the world. TCS consultants across various geographies support the energy domain, contributing to this dynamic industry. TCS service lines encompass a wide range of offerings including Consulting and Systems Integration, ERP, Cloud, Infra and Cyber Security Services, Application Support and Maintenance, Testing and Validation, and Digital Technologies.
