WEATHERFORD INTERNATIONAL, INC.

                                FOREIGN EXECUTIVE

                        DEFERRED COMPENSATION STOCK PLAN





                            AMENDMENT AND RESTATEMENT

                              EFFECTIVE MAY 9, 2003



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                         WEATHERFORD INTERNATIONAL, INC.

                                FOREIGN EXECUTIVE

                        DEFERRED COMPENSATION STOCK PLAN





         WHEREAS, Weatherford International, Inc. has executed and maintains the

Weatherford International, Inc. Foreign Executive Deferred Compensation Stock

Plan (formerly known as the Energy Ventures, Inc. Foreign Executive Deferred

Compensation Stock Plan) (the "Plan") for a select group of key foreign

employees;



         WHEREAS, the Board of Directors has the authority to amend the Plan

from time to time pursuant to Section 9.1 of the Plan;



         WHEREAS, it has been determined that the Plan should be completely

amended, restated and continued without a gap or lapse in coverage, time or

effect which would cause any Participant to become fully vested or entitled to

distribution;



         NOW, THEREFORE, the Board of Directors declares that the Plan is hereby

amended and restated in its entirety effective as of May 9, 2003, as follows:



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                         WEATHERFORD INTERNATIONAL, INC.

                                FOREIGN EXECUTIVE

                        DEFERRED COMPENSATION STOCK PLAN



                                TABLE OF CONTENTS



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ARTICLE I -- DEFINITIONS

         Account.............................................................................................1.1

         Assets..............................................................................................1.2

         Basic Benefit.......................................................................................1.3

         Beneficiary.........................................................................................1.4

         Board of Directors..................................................................................1.5

         Change of Control...................................................................................1.6

         Code................................................................................................1.7

         Committee...........................................................................................1.8

         Common Shares.......................................................................................1.9

         Company.............................................................................................1.10

         Compensation........................................................................................1.11

         Disability..........................................................................................1.12

         Entity..............................................................................................1.13

         Foreign Deferred Compensation Ledger................................................................1.14

         Grant Spin-Off......................................................................................1.15

         Grant Stock.........................................................................................1.16

         Parent..............................................................................................1.17

         Parent Board........................................................................................1.18

         Participant.........................................................................................1.19

         Person..............................................................................................1.20

         Plan................................................................................................1.21

         Plan Year...........................................................................................1.22

         Retirement..........................................................................................1.23

         Subsidiary..........................................................................................1.24

         Vesting Date........................................................................................1.25

         Weatherford.........................................................................................1.26

         Year of Service.....................................................................................1.27



ARTICLE II - ELIGIBILITY



ARTICLE III - BASIC BENEFIT ACCRUALS

         General Basic Benefit Accruals......................................................................3.1

         Reduction of Basic Benefit Accruals.................................................................3.2



ARTICLE IV - ACCOUNT

         Establishing a Participant's Account................................................................4.1

         Basic Benefit Account...............................................................................4.2

         Gauge for Determining Benefits......................................................................4.3

         Adjustments for the Grant Spin-Off..................................................................4.4

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                         WEATHERFORD INTERNATIONAL, INC.

                                FOREIGN EXECUTIVE

                        DEFERRED COMPENSATION STOCK PLAN



                                TABLE OF CONTENTS



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ARTICLE V - VESTING



ARTICLE VI - DISTRIBUTIONS

         Death...............................................................................................6.1

         Disability..........................................................................................6.2

         Retirement..........................................................................................6.3

         Termination Prior to Death, Disability or Retirement................................................6.4

         Forfeiture for Cause................................................................................6.5

         Responsibility for Distributions and Withholding of Taxes...........................................6.6

         Distribution Determination Date.....................................................................6.7

         Reservation of Shares...............................................................................6.8



ARTICLE VII  - ADMINISTRATION

         Committee Appointment...............................................................................7.1

         Committee Organization and Voting...................................................................7.2

         Powers of the Committee.............................................................................7.3

         Committee Discretion................................................................................7.4

         Annual Statements...................................................................................7.5

         Reimbursement of Expenses...........................................................................7.6



ARTICLE VIII - ADOPTION BY SUBSIDIARIES

         Procedure for and Status after Adoption.............................................................8.1

         Termination of Participation by Adopting Subsidiary.................................................8.2



ARTICLE IX - AMENDMENT AND/OR TERMINATION

         Amendment or Termination of the Plan................................................................9.1

         No Retroactive Effect on Awarded Benefits...........................................................9.2

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