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WEATHERFORD INTERNATIONAL ANNOUNCES OFFERING

 HOUSTON, March 15 /PRNewswire/ -- Weatherford International (AMEX: WII) today announced a proposed underwritten public offering of 8 million shares of the company's common stock, of which 6,400,000 will be offered in the United States and Canada and 1,600,000 outside the United States and Canada.
 The common stock is expected to be offered to the public during April or May.
 Underwriters for the United States and Canadian offering are Merrill Lynch & Co., Howard, Weil, Labouisse, Freidrichs Incorporated, and Jefferies & Company, Inc. Underwriters for the international offering are Merrill Lynch International Limited, Credit Lyonnais Securities and Rothschild, Inc. The underwriters have been granted an option to purchase up to 800,000 additional shares of common stock to cover over- allotments.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time such registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 The company's common stock is listed on the American Stock Exchange and is traded under the symbol WII.
 Weatherford is a Houston-based diversified international energy service and manufacturing company that provides tubular running services, rental tools and fishing tools services, cementation products and other specialized equipment for the oil and gas industry.
 -0- 3/15/93
 /CONTACT: Norman W. Nolen, chief financial officer of Weatherford International, 713-439-9400/
 (WII)


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

CF-BN -- AT003 -- 5995 03/15/93 11:27 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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