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