Kiran Andhavarapu pleaded guilty on February 9 and was sentenced on Thursday, according to a statement by the US the US Attorney for the Southern District of Texas.
Mr Andhavarapu, who was living in Conroe in Texas, was sentenced to 20 months in prison and 3 years of supervised release for stealing more than USD 484,000 from Weatherford and its subsidiary EProduction Solutions. The FBI conducted the investigation.
US District Judge Keith P Ellison, who accepted the guilty plea, said Mr Andhavarapu abused a position of trust as a financial controller which facilitated his commission of the crime.
He stole from his employer by opening bank accounts in the name of 'EProduction Solutions' and listing himself as the owner and sole proprietor of the business.
As part of his plea, Mr Andhavarapu admitted he stole a total of USD 484,873.
He will remain in custody pending transfer to a US Bureau of Prisons facility to be determined at a later date, the statement said.