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WEATHERFORD COMPLETES ACQUISITION

 HOUSTON, Sept. 14 /PRNewswire/ -- Weatherford International (AMEX: WII) announced today that it has acquired for approximately $12 million the business of the Premier group of companies.
 The Premier group is headquartered in Hong Kong, with affiliates in Singapore and Indonesia, and provides fishing and rental tool services in the Asia Pacific Region.
 "This purchase strengthens our fishing services business and makes Weatherford the largest provider of rental tools in the Asia Pacific Region," said Philip Burguieres, chairman, president and chief executive officer of Weatherford.
 Weatherford is a Houston-based diversified international energy service and manufacturing company that provides tubular running services, fishing and rental tool services, cementation products and other specialized equipment to the oil and gas industry.
 -0- 9/14/93
 /CONTACT: James R. Burke, senior vice president, Corporate Development and Marketing of Weatherford, 713-439-9400/
 (WII)


CO: Weatherford International ST: Texas IN: OIL SU: TNM

BR-BN -- AT007 -- 1872 09/14/93 15:33 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:154
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