its establishment. It was initially called Energy Ventures, then EVI (1990), and finally Weatherford International (1998). Energy Ventures (an E&P company that had been created in 1972) was publicly traded (OTC: ENGY) with a small market capitalization of about US$15 million. Bernard J. Duroc-Danner was hired and charged with the start-up of oilfield service and equipment operations.

Between 1999 and 2008, Weatherford experienced high growth and continued building its service business through acquisitions and organic growth. Part of