8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


         DATE OF REPORT (Date of earliest event reported): MARCH 1, 2002



                         WEATHERFORD INTERNATIONAL, INC.
               (Exact name of registrant as specified in charter)



       DELAWARE                      1-13086                     04-2515019
(State of Incorporation)       (Commission File No.)          (I.R.S. Employer
                                                             Identification No.)



     515 POST OAK BLVD., SUITE 600
             HOUSTON, TEXAS                                         77027
(Address of Principal Executive Offices)                          (Zip Code)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 693-4000


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                                     PAGE 1
                         EXHIBIT INDEX APPEARS ON PAGE 4




ITEM 5.  OTHER EVENTS

EXPANDABLES TECHNOLOGY AGREEMENTS WITH SHELL

         On March 1, 2002, we signed agreements with Shell Technology Ventures
Inc. and Shell Technology Ventures Limited for the licensing by Shell to us of
global intellectual property rights relating to expandable technology and the
granting to us of an option to buy the entire share capital of e2Tech Limited in
consideration for the payment by us of an aggregate current value of $150
million, payable in the form of $70 million in cash, $20 million promissory note
and $60 million of warrants to purchase shares of our common stock. In addition,
we will receive a 50% reduction in the royalty rate we currently pay for the
Shell licensed technology. A copy of the press release announcing the signing of
the expandable technology agreements with Shell is filed as Exhibit 99.1 and is
incorporated in this report by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

         99.1     Press release dated March 4, 2002, announcing the signing of
                  the expandable technology agreements with Shell.




                                     PAGE 2



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       WEATHERFORD INTERNATIONAL, INC.



Dated: March 4, 2002                          /s/ BURT M. MARTIN
                                       --------------------------------------
                                                 Burt M. Martin
                                              Vice President - Law


                                     PAGE 3



                                INDEX TO EXHIBITS



  Number                        Exhibit
  ------                        -------
   99.1            Press release  dated March 4, 2002,  announcing  the
                   signing of the  expandable technology agreements with Shell.






                                     PAGE 4

EX-99.1

                                                                    EXHIBIT 99.1


[WEATHERFORD LOGO]                                                 NEWS RELEASE


                 WEATHERFORD AND SHELL TECHNOLOGY VENTURES PACT
                 TO ACCELERATE EXPANDABLE TECHNOLOGY DEVELOPMENT

DETAILS OF WEATHERFORD'S CONFERENCE CALL FURTHER DISCUSSING ISSUES RELATING TO
THIS RELEASE CAN BE FOUND IN THE TEXT BELOW.

HOUSTON, March 4, 2002 - - Weatherford International, Inc. (NYSE: WFT) today
announced that its Completion Systems division, the world's leading supplier of
Expandable Sand Screen Technologies, has obtained a worldwide license to Shell's
expandable technology. Under the terms of the agreement, Weatherford receives a
global license to Shell's expandable tubular intellectual property and immediate
access to the US market for use of Weatherford's highly successful Expandable
Sand Screen (ESSTM) system.

     Both companies have been at the forefront of developing expandable
technology since the mid-1990's and are now extending their relationship more
particularly to include solid expandable technologies. The importance of solid
expandable technologies is their potential to eliminate the telescopic effect of
traditional well construction methods and allow wells to be completed as
monobores (i.e., utilizing a single casing size from a level below the surface
to the production zones). Weatherford and Shell will work together to accelerate
the implementation of these technologies.

     Expandable technologies refer to both slotted and solid expandables,
related tools and accessories, and specialized expansion systems. All share the
ability for expansion after downhole installation. The downhole expansion of
tubular systems allows substantially higher hydrocarbon production rates from
the reservoir and provides significant reductions in well drilling and
construction costs by reducing the quantity of products and services required by
traditional techniques. Expandables also provide new possibilities for
previously unreachable or uneconomic deepwater reservoirs.

     Weatherford pioneered the application of expandables for downhole sand
control with its ESS(TM) System. These systems were brought into commercial use
during 2000-2001. When expanded, the ESS allows greater borehole productivity
and the ability to perform remediation work. To date, Weatherford has
successfully installed numerous ESS Systems worldwide (excluding USA) totaling
approximately 13 miles in length.





     In addition to ESS, Weatherford has been developing a full line of
Expandable Completion Accessories utilizing its own patented solid expandable
technology. These include Solid Expandable Liner Hanger Systems currently under
development for use as liner hangers with ESS, an expandable casing repair
system and Expandable Drilling Liners that enable monobore well construction.

     Weatherford has scheduled a conference call today at 11:00 a.m. eastern,
10:00 a.m. central. The purpose of the conference call is to further discuss the
Weatherford and Shell Technology Ventures Pact. The call will be open to the
public. To access the call please contact the conference call operator at
630-395-0178 approximately 10 minutes prior to the scheduled start time, and ask
for the Weatherford Conference Call. A replay will be available until 5:00 p.m.
central, March 11, 2002. The number for the replay is 402-344-6829.

     Houston-based Weatherford International, Inc. (HTTP://WWW.WEATHERFORD.COM)
is one of the largest global providers of innovative mechanical solutions,
technology and services for the drilling and production sectors of the oil and
gas industry. Weatherford operates in over 100 countries and employs
approximately 15,000 people worldwide.

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Contact:          Don Galletly              (713) 693-4148
                  Karen Gillen-Allen        (713) 693-4248