Weatherford International Ltd.

EANS-Adhoc: Weatherford International Ltd.
Weatherford Resolves Investigations With U.S. Government

--------------------------------------------------------------------------------
  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
--------------------------------------------------------------------------------
other
26.11.2013


GENEVA, Nov. 26, 2013 -- Weatherford International Ltd. (NYSE / Euronext Paris /
SIX: WFT) today resolved previously disclosed investigations by the U.S.
Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC),
and the U.S. Departments of Treasury and Commerce. Weatherford will pay a total
of $253 million to resolve these cases, a sum which had been previously accrued
and announced in the Company's securities filings. All of the terms of the
resolution are subject to judicial approval.

(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO)

"This matter is now behind us. We move forward fully committed to a sustainable
culture of compliance," said Bernard J. Duroc-Danner, Chairman, President and
Chief Executive Officer of Weatherford. "With the internal policies and controls
currently in place, we maintain a best-in-class compliance program and uphold
the highest of ethical standards as we provide the industry's leading products
and services to our customers worldwide."

About Weatherford

Weatherford is one of the largest multinational oilfield service companies.
Weatherford's product and service portfolio spans the lifecycle of the well, and
includes drilling and formation evaluation, well construction, completion and
production. The Company provides innovative solutions, technology and services
to the oil and gas industry, and operates in over 100 countries employing more
than 65,000 people worldwide.


Further inquiry note:
Contact:       Krishna Shivram                   +1.713.836.4610
               Executive Vice President and Chief Financial Officer


                Karen David-Green                 +1.713.836.7430
                Vice President - Investor Relations


                 Wuen Fung Hor                     +1.713.836.6303
                 Director - Corporate Marketing and Communications

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      Weatherford International Ltd.
             Rue Jean-Francois Bartholoni 4-6
             CH-1204 Geneva
phone:       +41.22.816.1500
FAX:         +41.22.816.1599
mail:     karen.david-green@weatherford.com
WWW:      http://www.weatherford.com
sector:      Oil & Gas - Upstream activities
ISIN:        CH0038838394
indexes:     
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
             Paris 
language:   English
 



Weitere Meldungen: Weatherford International Ltd.

Das könnte Sie auch interessieren: