韦德福德 is a phonetic transliteration. The most prominent bearer in Chinese-language media is Weatherford International, the U.S. oilfield-services firm. Each syllable is chosen for sound:
韦 (wéi) for 'wea-',
德 (dé) for '-ther-',
福 (fú) for '-for-',
德 (dé) for '-d'.