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

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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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
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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