EMPLOYMENT AGREEMENT





This Employment Agreement ("Agreement") is entered into between National Oilwell

(U.K.) Limited, having offices at Badentory Industrial Park, Portlethen,

Aberdeen, Scotland AB12 4YA, U.K., an indirect subsidiary of National-Oilwell,

Inc., ("NOI"), and Jon Gjedebo, an individual currently residing at 13 Lauriston

Road, SW194TS, London ("Employee"), to be effective as of the 1st day of March,

2000.



         Hitec ASA has merged with NOI. Prior to such merger, the Hitec ASA

employed Employee, and Employee was a major shareholder in the Hitec ASA. In

connection with such merger, NOI is desirous of continuing to employ Employee at

its indirect subsidiary, National Oilwell (U.K.) Limited ("Employer"), pursuant

to this Agreement and of terminating any prior employment agreement or

arrangement, and Employee is desirous of continuing in the employ of Employer

pursuant to this Agreement and of terminating any prior existing employment

agreement.



         NOW, THEREFORE, for and in consideration of the mutual promises,

covenants, and obligations contained herein, Employer, NOI and Employee agree as

follows:



1.       EMPLOYMENT AND DUTIES:



         1.1.     Employer agrees to employ Employee, and Employee agrees to be

employed by Employer, beginning 1 March 2000, and continuing throughout the Term

(as defined below) of this Agreement, subject to this Agreement.



         1.2.     Employee shall serve as Executive Vice President & Chief

Technology Officer of the Employer and NOI and shall report to the Chief

Executive Officer of NOI. Employee agrees to serve in the assigned position and

to perform diligently and to the best of Employee's abilities the duties and

services appertaining to such position as determined by Employer or NOI, as well

as such additional or different duties and services appropriate to such position

which Employee from time to time may be reasonably directed to perform by

Employer or NOI. Employer will provide Employee with such office space and staff

support as shall reasonably be required for the performance of his duties

hereunder. Employee shall at all times comply with and be subject to such

generally applicable policies and procedures as Employer or NOI may establish

from time to time, including without limitation, the Statement of Policy on

Business Ethics, Statement of Policy Regarding Conflict of Interest, Antitrust

Laws, Insider Trading Policy and Statement of Policy Regarding Improper Business

Payment, all of which are attached hereto as Annex I.



         1.3.     Employee shall use reasonable efforts, during the period of

Employee's employment by Employer, to devote no less than one-half of Employee's

business time and best efforts to the business and affairs of Employer and NOI.

Employee may have other business, personal, and civic interests which, from time

to time, require portions of his time but which (i) do not and will not

interfere with the performance of his duties hereunder and (ii) are not and will

not be competitive with Employer's or NOI's business interests. Employer and NOI

acknowledges that Employee is

<PAGE>   2

a principal owner of Hitec Vision and may serve as the Chairman of the Board of

Directors for Hitec Vision.



         1.4.     Employee acknowledges and agrees that Employee owes a

fiduciary duty of loyalty, fidelity and allegiance to act as provided in this

Agreement in the best interests of Employer, NOI or any of its subsidiaries or

affiliates. In keeping with these duties, Employee shall make full disclosure to

NOI and Employer of all business opportunities pertaining to NOI and Employer's

business and shall not appropriate for Employee's own benefit business

opportunities concerning the subject matter of the fiduciary relationship.



2.       COMPENSATION AND BENEFITS:



         2.1.     Employee's initial base salary under this Agreement shall be

One Hundred Forty-Four Thousand British Pounds (L 144,000.00) per annum, and

shall be paid in accordance with Employer's standard payroll practice.

Employee's base salary may be increased from time to time by NOI and Employer

and, after any such change, Employee's new level of base salary shall be

Employee's base salary for purposes of this Agreement until the effective date

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