Girishchandra Saligr on economic viability
From Girish Saligram, President and Chief Executive Officer, Weatherford | EGYPES 2025 · · Egypt Energy Show
“There's going to have to be an offset mechanism for someone to say there is an economic viability but if that economic viability comes through in the form of support then I think as long as the investment then progresses eventually it will be feasible.”
On , Girishchandra Saligr, President, Chief Executive Officer & Director at WEATHERFORD INTL PLC, spoke about economic viability during Girish Saligram, President and Chief Executive Officer, Weatherford | EGYPES 2025 on Egypt Energy Show.
About Girishchandra Saligr
Girish Saligram, President and CEO of Weatherford, has stated that the company's turnaround from bankruptcy is "mostly done" and that the focus has shifted from "broken to good" to "good to great." He has described the company as being in "better shape than we've ever been before," citing record margins, free cash flow generation, and a strengthened balance sheet. Saligram has emphasized a continued focus on operational execution, cost discipline, and cash generation, with a goal of delivering margin expansion even in a flat activity market. He has also highlighted technology differentiation and digital enablement as key strategic priorities, noting investments in areas such as automation, production optimization, and a unified data model. Regarding the broader energy sector, Saligram has argued that the industry's technological depth is "generally underappreciated" and that oil and gas will remain an important part of the energy mix. He has discussed Weatherford's involvement in energy transition platforms, including geothermal, carbon capture, utilization and storage (CCUS), and plug and abandonment. On CCUS, he has described it as a "massive ecosystem" that will require economic support to become viable, as "there is no money in it" without an offset mechanism. Saligram has also expressed a positive outlook for international markets, particularly the Middle East, while noting that North American activity has moderated and that capital discipline across the industry is likely to persist.