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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As filed with the Securities and Exchange Commission on May&nbsp;24, 2006
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Weatherford International Ltd.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Bermuda</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>98-0371344</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of<BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>515 Post Oak Boulevard,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Suite 600</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>Houston, Texas</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>77027</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Weatherford International Ltd. 2006 Omnibus Incentive Plan</B><BR>
(Full title of the plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Burt M. Martin<BR>
Weatherford International Ltd.<BR>
515 Post Oak Boulevard, Suite&nbsp;600<BR>
Houston, Texas 77027</B><BR>
(Name and address of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(713)&nbsp;693-4000</B><BR>
(Telephone number, including area code, of agent for service)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>aggregate offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>registered </B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>share(1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price(1)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Shares, $1.00 par value</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">10,000,000</TD>
    <TD nowrap style="border-top: 2px solid #000000">(2)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">50.695</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">506,950,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">54,244</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to
Rule 457(c) under the Securities Act of 1933 and based upon the average of the high and low
sales prices of a Common Share as reported by the New York Stock Exchange, Inc. on May&nbsp;22,
2006.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes an indeterminable number of Common Shares issuable as a result of the
anti-dilution provisions of the Weatherford International Ltd. 2006 Omnibus Incentive
Plan.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weatherford International Ltd., a Bermuda exempted company (&#147;Weatherford&#148; or
&#147;Registrant&#148;), incorporates by reference in this Registration Statement the following
documents:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31,
2005, filed on March&nbsp;10, 2006;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2006,
filed on May&nbsp;9, 2006;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 The Registrant&#146;s Current Reports on Form 8-K filed on February&nbsp;3, 2006, February
15, 2006, February&nbsp;17, 2006, February&nbsp;21, 2006, March&nbsp;10, 2006, April&nbsp;24, 2006, May&nbsp;5, 2006 and May
15, 2006; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;The description of the Registrant&#146;s common shares, $1.00 par value (&#147;Common
Shares&#148;), contained in a registration statement on Form 8-A (File No.&nbsp;001-31339) filed on May&nbsp;24,
2002, including any amendment or report filed for the purpose of updating such description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of
the Securities Exchange Act of 1934 subsequent to the date of the filing hereof and prior to the
filing of a post-effective amendment which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the date of filing of such
documents.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain Bermuda legal matters in connection with the Common Shares registered hereby will
be passed upon for the Registrant by its special Bermuda counsel, Conyers Dill &#038; Pearman. An
employee of the firm&#146;s affiliated company, Codan Services Limited, is one of the Registrant&#146;s
assistant secretaries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weatherford International Ltd. is a Bermuda exempted company. Section&nbsp;98 of the Companies
Act of 1981 of Bermuda, as amended (the &#147;Companies Act&#148;), provides generally that a Bermuda company
may indemnify its directors, officers and auditors against any liability which by virtue of any
rule of law otherwise would be imposed on them in respect to any negligence, default, breach of
duty or breach of trust, except in cases where such liability arises from fraud or dishonesty of
which such director, officer or auditor may be guilty in relation to the company. Section&nbsp;98
further provides that a Bermuda company may indemnify its directors, officers and auditors against
any liability incurred by them in defending any proceedings, whether civil or criminal, in which
judgment is awarded in their favor or in which they are acquitted or granted relief by the Supreme
Court of Bermuda pursuant to Section&nbsp;281 of the Companies Act.
</DIV>

<P align="center" style="font-size: 10pt">II-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore, Weatherford has entered into indemnification agreements with each of its
directors and its executive officers. The indemnification agreements require Weatherford to
indemnify its officers and directors, except for liability in respect of their fraud or dishonesty,
against expenses (including attorneys&#146; fees and disbursements), judgments, penalties, fines and
amounts paid in settlement actually and reasonably incurred in connection with any action, suit,
arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any
other proceeding whether civil, criminal, administrative or investigative and whether formal or
informal. The indemnification agreements also provide that Weatherford must pay all reasonable
expenses incurred in advance of a final disposition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weatherford has adopted provisions in its bye-laws that provide that it shall indemnify
its officers and directors to the maximum extent permitted under the Companies Act. David J.
Butters and Robert B. Millard, employees of Lehman Brothers Inc., constitute two of the nine
members of the Board of Directors of Weatherford. Under the restated certificates of
incorporation, as amended to date, of Lehman Brothers and its parent, Lehman Brothers Holdings
Inc., both Delaware corporations, Messrs.&nbsp;Butters and Millard, in their capacity as directors of
Weatherford, are to be indemnified by Lehman Brothers and Lehman Brothers Holdings to the fullest
extent permitted by Delaware law. Messrs.&nbsp;Butters and Millard are serving as directors of
Weatherford at the request of Lehman Brothers and Lehman Brothers Holdings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;98A of the Companies Act permits Weatherford to purchase and maintain insurance
for the benefit of any officer or director of Weatherford in respect of any loss or liability
attaching to him in respect of any negligence, default, breach of duty, or breach of trust, whether
or not Weatherford may otherwise indemnify such officer or director. Weatherford has purchased and
maintains a directors&#146; and officers&#146; liability policy for such purposes. Messrs.&nbsp;Butters and
Millard are insured against certain liabilities which they may incur in their capacities as
directors pursuant to insurance maintained by Lehman Brothers Holdings.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Memorandum of Association of Weatherford International Ltd. (incorporated by reference to Annex II
to the proxy statement/prospectus included in Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-4 (Registration No.
333-85644) filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Memorandum of Increase of Share Capital of Weatherford International Ltd. (incorporated by
reference to Annex II to the proxy statement/prospectus included in Amendment No.&nbsp;1 to Registration Statement on Form
S-4 (Registration No.&nbsp;333-85644) filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bye-Laws of Weatherford International Ltd. (incorporated by reference to Annex III to the proxy
statement/prospectus included in Amendment No.&nbsp;1 to the Registration Statement on Form&nbsp;S-4 (Registration No.&nbsp;333-85644)
filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Assistant Secretary as to the adoption of a resolution increasing authorized share
capital (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed May&nbsp;15, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Credit Agreement dated May&nbsp;14, 2003, among Weatherford International Ltd., Weatherford
International, Inc., JPMorgan Chase Bank, as Administrative Agent, BankOne, NA and Wells Fargo Bank, Texas, N.A., as
Co-Syndication Agents, ABN-AMRO Bank, N.V., and The Bank of Nova Scotia, as Co-</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Documentation Agents, and Wachovia Bank,
National Association, Suntrust Bank, Royal Bank of Canada and Deutsche Bank AG New York Branch, as Co-
Managing Agents.
(incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed July&nbsp;1, 2003).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#150;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indenture dated May&nbsp;17, 1996, between Weatherford Enterra, Inc. and Bank of Montreal Trust
Company, as Trustee (incorporated by reference to Exhibit&nbsp;4.1 to Weatherford Enterra, Inc.&#146;s Current Report on Form&nbsp;8-K
(File No.&nbsp;1-7867) dated May&nbsp;28, 1996).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Supplemental Indenture dated and effective as of May&nbsp;27, 1998, between EVI Weatherford,
Inc., the successor by merger to Weatherford Enterra, Inc., and Bank of Montreal Trust Company, as Trustee
(incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-13086) filed June&nbsp;2, 1998).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Weatherford Enterra, Inc.&#146;s 7 1/4% Notes due May&nbsp;15, 2006 (incorporated by reference to
Exhibit&nbsp;4.2 to Weatherford Enterra, Inc.&#146;s Current Report on Form&nbsp;8-K (File No.&nbsp;1-7867) dated May&nbsp;28, 1996).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Supplemental Indenture dated June&nbsp;30, 2000, between Weatherford International, Inc. and The
Bank of New York, as successor trustee to Bank of Montreal Trust (including form of Debenture) (incorporated by
reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-13086) filed July&nbsp;10, 2000).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Supplemental Indenture dated November&nbsp;16, 2001, between Weatherford International, Inc. and
The Bank of New York, as Trustee (incorporated by reference to Exhibit&nbsp;4.11 to Registration Statement on Form&nbsp;S-3 (Reg.
No.&nbsp;333-73770) filed on November&nbsp;20, 2001).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fourth Supplemental Indenture dated June&nbsp;26, 2002, between Weatherford International, Inc.,
Weatherford International Ltd. and The Bank of New York, as Trustee (incorporated by reference to Exhibit&nbsp;4.7 to
Quarterly Report on Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2002 (File No.&nbsp;1-31339)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.12 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indenture dated October&nbsp;1, 2003, among Weatherford International Ltd., Weatherford International,
Inc. and Deutsche Bank Trust Company Americas (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K
(File No.&nbsp;1-31339) filed October&nbsp;2, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.13 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Global Note for 4.95% Senior Notes due 2013 (incorporated by reference to Exhibit&nbsp;4.1 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed October&nbsp;7, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.14 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantee, dated as of October&nbsp;25, 2005, of Weatherford International, Inc. for the benefit of
holders of any notes issued by Weatherford International Ltd., from time to time pursuant to the Issuing and Paying
Agent Agreement, dated as of October&nbsp;25, 2005, between Weatherford International Ltd., Weatherford International, Inc.
and JPMorgan Chase Bank, National Association (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K
(File No.&nbsp;1-31339) filed October&nbsp;31, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.15 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights, Standstill and Voting Agreement dated August&nbsp;31, 2005, between Weatherford
International Ltd. and Precision Drilling Corporation (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on
Form&nbsp;8-K (File No.&nbsp;1-31339) filed September&nbsp;7, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.16 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">364-Day Revolving Credit Agreement, dated as of August&nbsp;25, 2005, among Weatherford International
Ltd. and Weatherford Liquidity Management Hungary Limited Liability Company, as Borrowers, Weatherford International,
Inc., as Guarantor, and UBS AG, Bank of America, N.A. and Morgan Stanley Senior Funding, Inc. (including form of
Promissory Note thereunder) (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No.&nbsp;1-31339)
filed August&nbsp;29, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.17 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Credit Agreement dated as of January&nbsp;14, 2005, among Weatherford
International Ltd., Weatherford International, Inc., Weatherford Liquidity Management Hungary Limited Liability
Company, JPMorgan Chase Bank as Administrative Agent, and the other Lenders party thereto (incorporated by reference to
Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed January&nbsp;20, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.18 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Officers&#146; Certificate dated as of October&nbsp;7, 2003 (incorporated by reference to Exhibit&nbsp;4.2 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed October&nbsp;7, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.19 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Convertible Debenture Guarantee Agreement dated June&nbsp;26, 2002, between Weatherford International
Ltd. and JP Morgan Chase Bank (incorporated by reference to Exhibit&nbsp;4.8 to the Registrant&#146;s Quarterly Report on Form
10-Q for the quarter ended June&nbsp;30, 2002 (File No.&nbsp;1-13086) filed August&nbsp;14, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.20 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of global note for 5.50% Senior Notes due 2016 (incorporated by reference to Exhibit&nbsp;4.2 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed February&nbsp;17, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.21 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Officers&#146; Certificate dated as of February&nbsp;17, 2006 (incorporated by reference to Exhibit&nbsp;4.2 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed February&nbsp;17, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.22 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Credit Agreement dated as of May&nbsp;2, 2006, among Weatherford
International Ltd., Weatherford International, Inc., Weatherford Liquidity Management Hungary Limited Liability
Company, JPMorgan Chase Bank as Administrative Agent, and the other Lenders party thereto (incorporated by reference to
Exhibit&nbsp;4.1 to Current Report on 8-K (File No.&nbsp;1-31339) filed May&nbsp;5, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.23 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Weatherford International Ltd. 2006 Omnibus Incentive Plan (incorporated by reference to Appendix
A to Form&nbsp;DEF 14A (File No.&nbsp;1-31339), filed on March&nbsp;23, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Conyers, Dill &#038; Pearman.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Conyers, Dill &#038; Pearman (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ernst &#038; Young LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1 &#150;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on
page II-6 of this Registration Statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act
of 1933;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective
date of this Registration Statement (or the most recent post-effective amendment hereof) which,
individually or in the aggregate, represent a fundamental change in the information set forth in
this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar volume of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective registration statement; and
</DIV>

<P align="center" style="font-size: 10pt">II-4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution
not previously disclosed in this Registration Statement or any material change to such information
in this Registration Statement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided, however</I>, that paragraphs (1)(i) and (1)(ii) do not apply if the registration
statement is on Form S-8 and the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Securities and
Exchange Commission by the Registrant pursuant to Section&nbsp;13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant&#146;s annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy
as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
</DIV>

<P align="center" style="font-size: 10pt">II-5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Houston, State of Texas, on May&nbsp;24, 2006.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">WEATHERFORD INTERNATIONAL LTD.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">/s/ BERNARD J. DUROC-DANNER</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Bernard J. Duroc-Danner</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President, Chief Executive Officer,
Chairman of the Board and Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Executive Officer)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each individual whose signature appears below constitutes
and appoints Bernard J. Duroc-Danner and Burt M. Martin, or any of them, his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his
name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, and to file the same and all exhibits
thereto, and all documents in connection therewith, with the Securities and Exchange Commission,
granting said attorney-in-fact and agent, and any of them, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and about the premises,
as fully to all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, or any of them, or his or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"> Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->


<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ BERNARD J. DUROC-DANNER
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
 Bernard J. Duroc-Danner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President, Chief Executive
Officer, Chairman of the
Board and Director
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ LISA W. RODRIGUEZ
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lisa W. Rodriguez
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ DAVID J. BUTTERS
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
David J. Butters
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ SHELDON B. LUBAR
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Sheldon B. Lubar
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ WILLIAM E. MACAULAY
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William E. Macaulay
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert B. Millard
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May &#95;&#95;&#95;, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ ROBERT K. MOSES, JR.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert K. Moses, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May&nbsp;24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">/s/ ROBERT A. RAYNE<DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert A. Rayne
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 24, 2006</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">/s/ NICHOLAS F. BRADY<DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Nicholas F. Brady
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">May 24, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-6
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Memorandum of Association of Weatherford International Ltd. (incorporated
by reference to Annex II to the proxy statement/prospectus included in
Amendment No.&nbsp;1 to the Registration Statement on Form&nbsp;S-4 (Registration
No.&nbsp;333-85644) filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Memorandum of Increase of Share Capital of Weatherford International Ltd.
(incorporated by reference to Annex II to the proxy statement/prospectus
included in Amendment No.&nbsp;1 to the Registration Statement on Form&nbsp;S-4
(Registration No.&nbsp;333-85644) filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bye-Laws of Weatherford International Ltd. (incorporated by reference to
Annex III to the proxy statement/prospectus included in Amendment No.&nbsp;1
to the Registration Statement on Form&nbsp;S-4 (Registration No.&nbsp;333-85644)
filed May&nbsp;22, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Assistant Secretary as to the adoption of a resolution
increasing authorized share capital (incorporated by reference to Exhibit
4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed May&nbsp;15, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Credit Agreement dated May&nbsp;14, 2003, among Weatherford International
Ltd., Weatherford International, Inc., JPMorgan Chase Bank, as
Administrative Agent, BankOne, NA and Wells Fargo Bank, Texas, N.A., as
Co-Syndication Agents, ABN-AMRO Bank, N.V., and The Bank of Nova Scotia,
as Co-Documentation Agents, and Wachovia Bank, National Association,
Suntrust Bank, Royal Bank of Canada and Deutsche Bank AG New York Branch,
as Co-Managing Agents. (incorporated by reference to Exhibit&nbsp;4.1 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed July&nbsp;1, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indenture dated May&nbsp;17, 1996, between Weatherford Enterra, Inc. and Bank
of Montreal Trust Company, as Trustee (incorporated by reference to
Exhibit&nbsp;4.1 to Weatherford Enterra, Inc.&#146;s Current Report on Form&nbsp;8-K
(File No.&nbsp;1-7867) dated May&nbsp;28, 1996).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Supplemental Indenture dated and effective as of May&nbsp;27, 1998,
between EVI Weatherford, Inc., the successor by merger to Weatherford
Enterra, Inc., and Bank of Montreal Trust Company, as Trustee
(incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K
(File No.&nbsp;1-13086) filed June&nbsp;2, 1998).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Weatherford Enterra, Inc.&#146;s 7 1/4% Notes due May&nbsp;15, 2006
(incorporated by reference to Exhibit&nbsp;4.2 to Weatherford Enterra, Inc.&#146;s
Current Report on Form&nbsp;8-K (File No.&nbsp;1-7867) dated May&nbsp;28, 1996).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Supplemental Indenture dated June&nbsp;30, 2000, between Weatherford
International, Inc. and The Bank of New York, as successor trustee to
Bank of Montreal Trust (including form of Debenture) (incorporated by
reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-13086)
filed July&nbsp;10, 2000).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Supplemental Indenture dated November&nbsp;16, 2001, between Weatherford
International, Inc. and The Bank of New York, as Trustee (incorporated by
reference to Exhibit&nbsp;4.11 to Registration Statement on Form&nbsp;S-3 (Reg. No.
333-73770) filed on November&nbsp;20, 2001).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-7
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fourth Supplemental Indenture dated June&nbsp;26, 2002, between Weatherford
International, Inc., Weatherford International Ltd. and The Bank of New
York, as Trustee (incorporated by reference to Exhibit&nbsp;4.7 to Quarterly
Report on Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2002 (File No.
1-31339)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indenture dated October&nbsp;1, 2003, among Weatherford International Ltd.,
Weatherford International, Inc. and Deutsche Bank Trust Company Americas
(incorporated by reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K
(File No.&nbsp;1-31339) filed October&nbsp;2, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Global Note for 4.95% Senior Notes due 2013 (incorporated by
reference to Exhibit&nbsp;4.1 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339)
filed October&nbsp;7, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantee, dated as of October&nbsp;25, 2005, of Weatherford International,
Inc. for the benefit of holders of any notes issued by Weatherford
International Ltd., from time to time pursuant to the Issuing and Paying
Agent Agreement, dated as of October&nbsp;25, 2005, between Weatherford
International Ltd., Weatherford International, Inc. and JPMorgan Chase
Bank, National Association (incorporated by reference to Exhibit&nbsp;4.1 to
Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339) filed October&nbsp;31, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights, Standstill and Voting Agreement dated August&nbsp;31,
2005, between Weatherford International Ltd. and Precision Drilling
Corporation (incorporated by reference to Exhibit&nbsp;4.1 to Current Report
on Form&nbsp;8-K (File No.&nbsp;1-31339) filed September&nbsp;7, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">364-Day Revolving Credit Agreement, dated as of August&nbsp;25, 2005, among
Weatherford International Ltd. and Weatherford Liquidity Management
Hungary Limited Liability Company, as Borrowers, Weatherford
International, Inc., as Guarantor, and UBS AG, Bank of America, N.A. and
Morgan Stanley Senior Funding, Inc. (including form of Promissory Note
thereunder) (incorporated by reference to Exhibit&nbsp;4.1 to Current Report
on Form&nbsp;8-K (File No.&nbsp;1-31339) filed August&nbsp;29, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.17
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Credit Agreement dated as of January&nbsp;14, 2005, among
Weatherford International Ltd., Weatherford International, Inc.,
Weatherford Liquidity Management Hungary Limited Liability Company,
JPMorgan Chase Bank as Administrative Agent, and the other Lenders party
thereto (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on
Form&nbsp;8-K (File No.&nbsp;1-31339) filed January&nbsp;20, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.18
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Officers&#146; Certificate dated as of October&nbsp;7, 2003 (incorporated by
reference to Exhibit&nbsp;4.2 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339)
filed October&nbsp;7, 2003).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.19
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Convertible Debenture Guarantee Agreement dated June&nbsp;26, 2002, between
Weatherford International Ltd. and JP Morgan Chase Bank (incorporated by
reference to Exhibit&nbsp;4.8 to the Registrant&#146;s Quarterly Report on Form
10-Q for the quarter ended June&nbsp;30, 2002 (File No.&nbsp;1-13086) filed August
14, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.20
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of global note for 5.50% Senior Notes due 2016 (incorporated by
reference to Exhibit&nbsp;4.2 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339)
filed February&nbsp;17, 2006).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-8
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.21
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Officers&#146; Certificate dated as of February&nbsp;17, 2006 (incorporated by
reference to Exhibit&nbsp;4.2 to Current Report on Form&nbsp;8-K (File No.&nbsp;1-31339)
filed February&nbsp;17, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.22
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Credit Agreement dated as of May&nbsp;2, 2006,
among Weatherford International Ltd., Weatherford International, Inc.,
Weatherford Liquidity Management Hungary Limited Liability Company,
JPMorgan Chase Bank as Administrative Agent, and the other Lenders party
thereto (incorporated by reference to Exhibit&nbsp;4.1 to Current Report on
8-K (File No.&nbsp;1-31339) filed May&nbsp;5, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.23
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Weatherford International Ltd. 2006 Omnibus Incentive Plan (incorporated
by reference to Appendix&nbsp;A to Form&nbsp;DEF 14A (File No.&nbsp;1-31339), filed on
March&nbsp;23, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Conyers, Dill &#038; Pearman.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Conyers, Dill &#038; Pearman (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ernst &#038; Young LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on
page II-6 of this Registration Statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-9
</DIV>


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sv8
As filed with the Securities and Exchange Commission on May 24, 2006
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Weatherford International Ltd.
(Exact name of registrant as specified in its charter)
Bermuda
98-0371344
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
515 Post Oak Boulevard,
Suite 600
Houston, Texas
77027
(Address of Principal Executive Offices)
(Zip Code)
Weatherford International Ltd. 2006 Omnibus Incentive Plan
(Full title of the plan)
Burt M. Martin
Weatherford International Ltd.
515 Post Oak Boulevard, Suite 600
Houston, Texas 77027
(Name and address of agent for service)
(713) 693-4000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Amount of
Title of securities to be
Amount to be
offering price per
aggregate offering
registration
registered
registered
share(1)
price(1)
fee
Common Shares, $1.00 par value
10,000,000
(2)
$
50.695
$
506,950,000
$
54,244
(1)
Estimated solely for the purpose of calculating the registration fee pursuant to
Rule 457(c) under the Securities Act of 1933 and based upon the average of the high and low
sales prices of a Common Share as reported by the New York Stock Exchange, Inc. on May 22,
2006.
(2)
Includes an indeterminable number of Common Shares issuable as a result of the
anti-dilution provisions of the Weatherford International Ltd. 2006 Omnibus Incentive
Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Weatherford International Ltd., a Bermuda exempted company ("Weatherford" or
"Registrant"), incorporates by reference in this Registration Statement the following
documents:
1. The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31,
2005, filed on March 10, 2006;
1. The Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2006,
filed on May 9, 2006;
5 The Registrant's Current Reports on Form 8-K filed on February 3, 2006, February
15, 2006, February 17, 2006, February 21, 2006, March 10, 2006, April 24, 2006, May 5, 2006 and May
15, 2006; and
6. The description of the Registrant's common shares, $1.00 par value ("Common
Shares"), contained in a registration statement on Form 8-A (File No. 001-31339) filed on May 24,
2002, including any amendment or report filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Securities Exchange Act of 1934 subsequent to the date of the filing hereof and prior to the
filing of a post-effective amendment which indicates that all securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Certain Bermuda legal matters in connection with the Common Shares registered hereby will
be passed upon for the Registrant by its special Bermuda counsel, Conyers Dill & Pearman. An
employee of the firm's affiliated company, Codan Services Limited, is one of the Registrant's
assistant secretaries.
Item 6. Indemnification of Directors and Officers.
Weatherford International Ltd. is a Bermuda exempted company. Section 98 of the Companies
Act of 1981 of Bermuda, as amended (the "Companies Act"), provides generally that a Bermuda company
may indemnify its directors, officers and auditors against any liability which by virtue of any
rule of law otherwise would be imposed on them in respect to any negligence, default, breach of
duty or breach of trust, except in cases where such liability arises from fraud or dishonesty of
which such director, officer or auditor may be guilty in relation to the company. Section 98
further provides that a Bermuda company may indemnify its directors, officers and auditors against
any liability incurred by them in defending any proceedings, whether civil or criminal, in which
judgment is awarded in their favor or in which they are acquitted or granted relief by the Supreme
Court of Bermuda pursuant to Section 281 of the Companies Act.
II-1
Furthermore, Weatherford has entered into indemnification agreements with each of its
directors and its executive officers. The indemnification agreements require Weatherford to
indemnify its officers and directors, except for liability in respect of their fraud or dishonesty,
against expenses (including attorneys' fees and disbursements), judgments, penalties, fines and
amounts paid in settlement actually and reasonably incurred in connection with any action, suit,
arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any
other proceeding whether civil, criminal, administrative or investigative and whether formal or
informal. The indemnification agreements also provide that Weatherford must pay all reasonable
expenses incurred in advance of a final disposition.
Weatherford has adopted provisions in its bye-laws that provide that it shall indemnify
its officers and directors to the maximum extent permitted under the Companies Act. David J.
Butters and Robert B. Millard, employees of Lehman Brothers Inc., constitute two of the nine
members of the Board of Directors of Weatherford. Under the restated certificates of
incorporation, as amended to date, of Lehman Brothers and its parent, Lehman Brothers Holdings
Inc., both Delaware corporations, Messrs. Butters and Millard, in their capacity as directors of
Weatherford, are to be indemnified by Lehman Brothers and Lehman Brothers Holdings to the fullest
extent permitted by Delaware law. Messrs. Butters and Millard are serving as directors of
Weatherford at the request of Lehman Brothers and Lehman Brothers Holdings.
Section 98A of the Companies Act permits Weatherford to purchase and maintain insurance
for the benefit of any officer or director of Weatherford in respect of any loss or liability
attaching to him in respect of any negligence, default, breach of duty, or breach of trust, whether
or not Weatherford may otherwise indemnify such officer or director. Weatherford has purchased and
maintains a directors' and officers' liability policy for such purposes. Messrs. Butters and
Millard are insured against certain liabilities which they may incur in their capacities as
directors pursuant to insurance maintained by Lehman Brothers Holdings.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1
–
Memorandum of Association of Weatherford International Ltd. (incorporated by reference to Annex II
to the proxy statement/prospectus included in Amendment No. 1 to Registration Statement on Form S-4 (Registration No.
333-85644) filed May 22, 2002).
4.2
–
Memorandum of Increase of Share Capital of Weatherford International Ltd. (incorporated by
reference to Annex II to the proxy statement/prospectus included in Amendment No. 1 to Registration Statement on Form
S-4 (Registration No. 333-85644) filed May 22, 2002).
4.3
–
Bye-Laws of Weatherford International Ltd. (incorporated by reference to Annex III to the proxy
statement/prospectus included in Amendment No. 1 to the Registration Statement on Form S-4 (Registration No. 333-85644)
filed May 22, 2002).
4.4
–
Certificate of Assistant Secretary as to the adoption of a resolution increasing authorized share
capital (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-31339) filed May 15, 2006).
4.5
–
Credit Agreement dated May 14, 2003, among Weatherford International Ltd., Weatherford
International, Inc., JPMorgan Chase Bank, as Administrative Agent, BankOne, NA and Wells Fargo Bank, Texas, N.A., as
Co-Syndication Agents, ABN-AMRO Bank, N.V., and The Bank of Nova Scotia, as Co-
II-2
Documentation Agents, and Wachovia Bank,
National Association, Suntrust Bank, Royal Bank of Canada and Deutsche Bank AG New York Branch, as Co-
Managing Agents.
(incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-31339) filed July 1, 2003).
4.6
–
Indenture dated May 17, 1996, between Weatherford Enterra, Inc. and Bank of Montreal Trust
Company, as Trustee (incorporated by reference to Exhibit 4.1 to Weatherford Enterra, Inc.'s Current Report on Form 8-K
(File No. 1-7867) dated May 28, 1996).
4.7 –
First Supplemental Indenture dated and effective as of May 27, 1998, between EVI Weatherford,
Inc., the successor by merger to Weatherford Enterra, Inc., and Bank of Montreal Trust Company, as Trustee
(incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-13086) filed June 2, 1998).
4.8 –
Form of Weatherford Enterra, Inc.'s 7 1/4% Notes due May 15, 2006 (incorporated by reference to
Exhibit 4.2 to Weatherford Enterra, Inc.'s Current Report on Form 8-K (File No. 1-7867) dated May 28, 1996).
4.9 –
Second Supplemental Indenture dated June 30, 2000, between Weatherford International, Inc. and The
Bank of New York, as successor trustee to Bank of Montreal Trust (including form of Debenture) (incorporated by
reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-13086) filed July 10, 2000).
4.10 –
Third Supplemental Indenture dated November 16, 2001, between Weatherford International, Inc. and
The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.11 to Registration Statement on Form S-3 (Reg.
No. 333-73770) filed on November 20, 2001).
4.11 –
Fourth Supplemental Indenture dated June 26, 2002, between Weatherford International, Inc.,
Weatherford International Ltd. and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.7 to
Quarterly Report on Form 10-Q for the quarter ended June 30, 2002 (File No. 1-31339)).
4.12 –
Indenture dated October 1, 2003, among Weatherford International Ltd., Weatherford International,
Inc. and Deutsche Bank Trust Company Americas (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K
(File No. 1-31339) filed October 2, 2003).
4.13 –
Form of Global Note for 4.95% Senior Notes due 2013 (incorporated by reference to Exhibit 4.1 to
Current Report on Form 8-K (File No. 1-31339) filed October 7, 2003).
4.14 –
Guarantee, dated as of October 25, 2005, of Weatherford International, Inc. for the benefit of
holders of any notes issued by Weatherford International Ltd., from time to time pursuant to the Issuing and Paying
Agent Agreement, dated as of October 25, 2005, between Weatherford International Ltd., Weatherford International, Inc.
and JPMorgan Chase Bank, National Association (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K
(File No. 1-31339) filed October 31, 2005).
4.15 –
Registration Rights, Standstill and Voting Agreement dated August 31, 2005, between Weatherford
International Ltd. and Precision Drilling Corporation (incorporated by reference to Exhibit 4.1 to Current Report on
Form 8-K (File No. 1-31339) filed September 7, 2005).
4.16 –
364-Day Revolving Credit Agreement, dated as of August 25, 2005, among Weatherford International
Ltd. and Weatherford Liquidity Management Hungary Limited Liability Company, as Borrowers, Weatherford International,
Inc., as Guarantor, and UBS AG, Bank of America, N.A. and Morgan Stanley Senior Funding, Inc. (including form of
Promissory Note thereunder) (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K (File
II-3
No. 1-31339)
filed August 29, 2005).
4.17 –
Amended and Restated Credit Agreement dated as of January 14, 2005, among Weatherford
International Ltd., Weatherford International, Inc., Weatherford Liquidity Management Hungary Limited Liability
Company, JPMorgan Chase Bank as Administrative Agent, and the other Lenders party thereto (incorporated by reference to
Exhibit 4.1 to Current Report on Form 8-K (File No. 1-31339) filed January 20, 2005).
4.18 –
Officers' Certificate dated as of October 7, 2003 (incorporated by reference to Exhibit 4.2 to
Current Report on Form 8-K (File No. 1-31339) filed October 7, 2003).
4.19 –
Convertible Debenture Guarantee Agreement dated June 26, 2002, between Weatherford International
Ltd. and JP Morgan Chase Bank (incorporated by reference to Exhibit 4.8 to the Registrant's Quarterly Report on Form
10-Q for the quarter ended June 30, 2002 (File No. 1-13086) filed August 14, 2002).
4.20 –
Form of global note for 5.50% Senior Notes due 2016 (incorporated by reference to Exhibit 4.2 to
Current Report on Form 8-K (File No. 1-31339) filed February 17, 2006).
4.21 –
Officers' Certificate dated as of February 17, 2006 (incorporated by reference to Exhibit 4.2 to
Current Report on Form 8-K (File No. 1-31339) filed February 17, 2006).
4.22 –
Second Amended and Restated Credit Agreement dated as of May 2, 2006, among Weatherford
International Ltd., Weatherford International, Inc., Weatherford Liquidity Management Hungary Limited Liability
Company, JPMorgan Chase Bank as Administrative Agent, and the other Lenders party thereto (incorporated by reference to
Exhibit 4.1 to Current Report on 8-K (File No. 1-31339) filed May 5, 2006).
4.23 –
Weatherford International Ltd. 2006 Omnibus Incentive Plan (incorporated by reference to Appendix
A to Form DEF 14A (File No. 1-31339), filed on March 23, 2006).
5.1 –
Opinion of Conyers, Dill & Pearman.
23.1 –
Consent of Conyers, Dill & Pearman (included in Exhibit 5.1).
23.2 –
Consent of Ernst & Young LLP.
24.1 –
Powers of Attorney (included on
page II-6 of this Registration Statement).
Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act
of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective
date of this Registration Statement (or the most recent post-effective amendment hereof) which,
individually or in the aggregate, represent a fundamental change in the information set forth in
this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar volume of securities offered would not exceed that which
was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement; and
II-4
(iii) To include any material information with respect to the plan of distribution
not previously disclosed in this Registration Statement or any material change to such information
in this Registration Statement;
Provided, however
, that paragraphs (1)(i) and (1)(ii) do not apply if the registration
statement is on Form S-8 and the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Securities and
Exchange Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy
as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
II-5
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Houston, State of Texas, on May 24, 2006.
WEATHERFORD INTERNATIONAL LTD.
By:
/s/ BERNARD J. DUROC-DANNER
Bernard J. Duroc-Danner
President, Chief Executive Officer,
Chairman of the Board and Director
(Principal Executive Officer)
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each individual whose signature appears below constitutes
and appoints Bernard J. Duroc-Danner and Burt M. Martin, or any of them, his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his
name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, and to file the same and all exhibits
thereto, and all documents in connection therewith, with the Securities and Exchange Commission,
granting said attorney-in-fact and agent, and any of them, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and about the premises,
as fully to all intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, or any of them, or his or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ BERNARD J. DUROC-DANNER
Bernard J. Duroc-Danner
President, Chief Executive
Officer, Chairman of the
Board and Director
(Principal Executive Officer)
May 24, 2006
/s/ LISA W. RODRIGUEZ
Lisa W. Rodriguez
Senior Vice President and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
May 24, 2006
/s/ DAVID J. BUTTERS
David J. Butters
Director
May 24, 2006
/s/ SHELDON B. LUBAR
Sheldon B. Lubar
Director
May 24, 2006
/s/ WILLIAM E. MACAULAY
William E. Macaulay
Director
May 24, 2006
Robert B. Millard
Director
May ___, 2006
/s/ ROBERT K. MOSES, JR.
Robert K. Moses, Jr.
Director
May 24, 2006
/s/ ROBERT A. RAYNE
Robert A. Rayne
Director
May 24, 2006
/s/ NICHOLAS F. BRADY
Nicholas F. Brady
Director
May 24, 2006
II-6
EXHIBIT INDEX
Exhibit Number
Description
4.1
Memorandum of Association of Weatherford International Ltd. (incorporated
by reference to Annex II to the proxy statement/prospectus included in
Amendment No. 1 to the Registration Statement on Form S-4 (Registration
No. 333-85644) filed May 22, 2002).
4.2
Memorandum of Increase of Share Capital of Weatherford International Ltd.
(incorporated by reference to Annex II to the proxy statement/prospectus
included in Amendment No. 1 to the Registration Statement on Form S-4
(Registration No. 333-85644) filed May 22, 2002).
4.3
Bye-Laws of Weatherford International Ltd. (incorporated by reference to
Annex III to the proxy statement/prospectus included in Amendment No. 1
to the Registration Statement on Form S-4 (Registration No. 333-85644)
filed May 22, 2002).
4.4
Certificate of Assistant Secretary as to the adoption of a resolution
increasing authorized share capital (incorporated by reference to Exhibit
4.1 to Current Report on Form 8-K (File No. 1-31339) filed May 15, 2006).
4.5
Credit Agreement dated May 14, 2003, among Weatherford International
Ltd., Weatherford International, Inc., JPMorgan Chase Bank, as
Administrative Agent, BankOne, NA and Wells Fargo Bank, Texas, N.A., as
Co-Syndication Agents, ABN-AMRO Bank, N.V., and The Bank of Nova Scotia,
as Co-Documentation Agents, and Wachovia Bank, National Association,
Suntrust Bank, Royal Bank of Canada and Deutsche Bank AG New York Branch,
as Co-Managing Agents. (incorporated by reference to Exhibit 4.1 to
Current Report on Form 8-K (File No. 1-31339) filed July 1, 2003).
4.6
Indenture dated May 17, 1996, between Weatherford Enterra, Inc. and Bank
of Montreal Trust Company, as Trustee (incorporated by reference to
Exhibit 4.1 to Weatherford Enterra, Inc.'s Current Report on Form 8-K
(File No. 1-7867) dated May 28, 1996).
4.7
First Supplemental Indenture dated and effective as of May 27, 1998,
between EVI Weatherford, Inc., the successor by merger to Weatherford
Enterra, Inc., and Bank of Montreal Trust Company, as Trustee
(incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K
(File No. 1-13086) filed June 2, 1998).
4.8
Form of Weatherford Enterra, Inc.'s 7 1/4% Notes due May 15, 2006
(incorporated by reference to Exhibit 4.2 to Weatherford Enterra, Inc.'s
Current Report on Form 8-K (File No. 1-7867) dated May 28, 1996).
4.9
Second Supplemental Indenture dated June 30, 2000, between Weatherford
International, Inc. and The Bank of New York, as successor trustee to
Bank of Montreal Trust (including form of Debenture) (incorporated by
reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-13086)
filed July 10, 2000).
4.10
Third Supplemental Indenture dated November 16, 2001, between Weatherford
International, Inc. and The Bank of New York, as Trustee (incorporated by
reference to Exhibit 4.11 to Registration Statement on Form S-3 (Reg. No.
333-73770) filed on November 20, 2001).
II-7
Exhibit Number
Description
4.11
Fourth Supplemental Indenture dated June 26, 2002, between Weatherford
International, Inc., Weatherford International Ltd. and The Bank of New
York, as Trustee (incorporated by reference to Exhibit 4.7 to Quarterly
Report on Form 10-Q for the quarter ended June 30, 2002 (File No.
1-31339)).
4.12
Indenture dated October 1, 2003, among Weatherford International Ltd.,
Weatherford International, Inc. and Deutsche Bank Trust Company Americas
(incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K
(File No. 1-31339) filed October 2, 2003).
4.13
Form of Global Note for 4.95% Senior Notes due 2013 (incorporated by
reference to Exhibit 4.1 to Current Report on Form 8-K (File No. 1-31339)
filed October 7, 2003).
4.14
Guarantee, dated as of October 25, 2005, of Weatherford International,
Inc. for the benefit of holders of any notes issued by Weatherford
International Ltd., from time to time pursuant to the Issuing and Paying
Agent Agreement, dated as of October 25, 2005, between Weatherford
International Ltd., Weatherford International, Inc. and JPMorgan Chase
Bank, National Association (incorporated by reference to Exhibit 4.1 to
Current Report on Form 8-K (File No. 1-31339) filed October 31, 2005).
4.15
Registration Rights, Standstill and Voting Agreement dated August 31,
2005, between Weatherford International Ltd. and Precision Drilling
Corporation (incorporated by reference to Exhibit 4.1 to Current Report
on Form 8-K (File No. 1-31339) filed September 7, 2005).
4.16
364-Day Revolving Credit Agreement, dated as of August 25, 2005, among
Weatherford International Ltd. and Weatherford Liquidity Management
Hungary Limited Liability Company, as Borrowers, Weatherford
International, Inc., as Guarantor, and UBS AG, Bank of America, N.A. and
Morgan Stanley Senior Funding, Inc. (including form of Promissory Note
thereunder) (incorporated by reference to Exhibit 4.1 to Current Report
on Form 8-K (File No. 1-31339) filed August 29, 2005).
4.17
Amended and Restated Credit Agreement dated as of January 14, 2005, among
Weatherford International Ltd., Weatherford International, Inc.,
Weatherford Liquidity Management Hungary Limited Liability Company,
JPMorgan Chase Bank as Administrative Agent, and the other Lenders party
thereto (incorporated by reference to Exhibit 4.1 to Current Report on
Form 8-K (File No. 1-31339) filed January 20, 2005).
4.18
Officers' Certificate dated as of October 7, 2003 (incorporated by
reference to Exhibit 4.2 to Current Report on Form 8-K (File No. 1-31339)
filed October 7, 2003).
4.19
Convertible Debenture Guarantee Agreement dated June 26, 2002, between
Weatherford International Ltd. and JP Morgan Chase Bank (incorporated by
reference to Exhibit 4.8 to the Registrant's Quarterly Report on Form
10-Q for the quarter ended June 30, 2002 (File No. 1-13086) filed August
14, 2002).
4.20
Form of global note for 5.50% Senior Notes due 2016 (incorporated by
reference to Exhibit 4.2 to Current Report on Form 8-K (File No. 1-31339)
filed February 17, 2006).
II-8
Exhibit Number
Description
4.21
Officers' Certificate dated as of February 17, 2006 (incorporated by
reference to Exhibit 4.2 to Current Report on Form 8-K (File No. 1-31339)
filed February 17, 2006).
4.22
Second Amended and Restated Credit Agreement dated as of May 2, 2006,
among Weatherford International Ltd., Weatherford International, Inc.,
Weatherford Liquidity Management Hungary Limited Liability Company,
JPMorgan Chase Bank as Administrative Agent, and the other Lenders party
thereto (incorporated by reference to Exhibit 4.1 to Current Report on
8-K (File No. 1-31339) filed May 5, 2006).
4.23
Weatherford International Ltd. 2006 Omnibus Incentive Plan (incorporated
by reference to Appendix A to Form DEF 14A (File No. 1-31339), filed on
March 23, 2006).
5.1
Opinion of Conyers, Dill & Pearman.
23.1
Consent of Conyers, Dill & Pearman (included in Exhibit 5.1).
23.2
Consent of Ernst & Young LLP.
24.1
Powers of Attorney (included on
page II-6 of this Registration Statement).
II-9