HOUSTON, Feb. 18/PRNewswire-FirstCall/ -- Weatherford International Ltd.
(NYSE: WFT) announced that its shareholders have approved its proposed
redomestication to Switzerland. The transaction remains subject to approval of
the Supreme Court of Bermuda at a hearing scheduled for February 20. The
company anticipates completing the transaction on February 25.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990308/WEATHERFORDLOGO)
Weatherford is one of the largest global providers of innovative
mechanical solutions, technology and services for the drilling and production
sectors of the oil and gas industry. Weatherford operates in over 100
countries and employs approximately 49,600 people worldwide.
Contact: Andrew P. Becnel 713-693-4136
Chief Financial Officer
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 concerning, among
other things, Weatherford's prospects for its operations which are subject to
certain risks, uncertainties and assumptions. These risks and uncertainties,
which are more fully described in Weatherford International Ltd.'s reports and
registration statements filed with the SEC, include the impact of oil and
natural gas prices and worldwide economic conditions on drilling activity, the
outcome of pending government investigations, the demand for and pricing of
Weatherford's products and services, domestic and international economic and
regulatory conditions and changes in tax and other laws affecting our
business. Should one or more of these risks or uncertainties materialize, or
should the assumptions prove incorrect, actual results may vary materially
from those currently anticipated
SOURCE Weatherford International Ltd.
CONTACT: Andrew P. Becnel, Chief Financial Officer of Weatherford
International Ltd., +1-713-693-4136
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Web Site: http://www.weatherford.com
(WFT)