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WEATHERFORD INTERNATIONAL INCORPORATED AND TUBOSCOPE VETCO INTERNATIONAL CORPORATION ANNOUNCE TERMINATION OF THEIR LETTER OF INTENT

 HOUSTON, Aug. 17 /PRNewswire/ -- Weatherford International Incorporated (AMEX: WII) and Tuboscope Vetco International Corporation (TVI) (NASDAQ: TUBO) announced today that they have terminated their letter of intent announced July 15, 1993 and ceased negotiations relating to the proposed merger of Weatherford and TVI.
 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.
 TVI is the world's foremost supplier of tubular coating and inspection services to the oilfield industry. Based in Houston, the company also supplies in-house inspection for oil and gas pipelines, and sells and leases in-line inspection equipment to makers of oil country tubular goods.
 Weatherford trades on the American Stock Exchange under the symbol WII. TVI is traded on the NASDAQ under the symbol TUBO.
 -0- 8/17/93
 /CONTACT: Norman W. Nolen, CFO of Weatherford International, 713-439-9400, or Ronald L. Koons, CFO of Tuboscope Vetco International, 713-799-5100/
 (WII TUBO)


CO: Weatherford International Inc.; Tuboscope Vetco International Corp. ST: Texas IN: OIL SU: TNM

LD -- NY089 -- 3753 08/17/93 17:20 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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