Weatherford Announces Selection of Chief Accounting Officer

GENEVA, Switzerland, July 20, 2011 /PRNewswire/ -- Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) announced today that John H. Briscoe has agreed to join the company as Vice President –Chief Accounting Officer.  Mr. Briscoe will report to the company's Chief Financial Officer.

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

Mr. Briscoe served as Vice President and Controller of Transocean Ltd. from October 2007 to present.  He also fulfilled additional roles in internal audit, investor relations and field finance.  Prior to joining Transocean in 2005, Mr. Briscoe served as Ferrellgas Inc.'s Vice President of Accounting and served in other senior roles during his eight years with the company.  Mr. Briscoe also served as Controller for Latin America for Dresser Industries Inc.  Mr. Briscoe started his career with seven years in public accounting beginning with the firm of KPMG and ending with Ernst & Young as an Audit Manager.  Mr. Briscoe is a certified public accountant.

Mr. Briscoe brings extensive knowledge of financial reporting and the energy industry and has a demonstrated history of leadership in finance.  It is expected that Mr. Briscoe will assume his role with Weatherford in August, following an orderly transition of his responsibilities with his current employer.

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 more than 55,000 people worldwide.

Weatherford International Ltd. makes available free of charge on its website, its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, reports filed pursuant to Section 16 of the U.S. Securities Exchange Act of 1934 and amendments to those reports filed with or furnished to the SEC as soon as reasonably practicable after Weatherford International Ltd. electronically files these documents with, or furnishes them to, the SEC.  These documents are posted on Weatherford International Ltd.'s website at www.weatherford.com — under "Investor Relations."  

The SEC maintains a website that contains reports, proxy statements and other information regarding issuers that file electronically with the SEC. These materials may be obtained electronically by accessing the SEC's home page at http://www.sec.gov.

Copies of the above referenced information will also be made available, free of charge, by calling or upon written request to:

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.