National Oilwell Varco Announces Resignation of Joe Winkler

National Oilwell Varco, Inc. reports that Joseph C. Winkler will resign, effective June 17, 2005, as Executive Vice President and Chief Operating Officer to join Complete Energy Services, Inc. as its President and Chief Executive Officer. Merrill A. "Pete" Miller, Jr., National Oilwell Varco's President and Chief Executive Officer, will assume operational responsibility of the Company's businesses.

"Joe's leadership and contributions over the years at Varco and its predecessor, Tuboscope, were key to their strong growth and financial achievement. He was integral to the merger between National Oilwell and Varco and helped lay the groundwork for a successful combination," said Miller. "We wish Joe every success in his new endeavor. He takes with him the leadership and ability to profitably guide Complete Energy Services into the future."

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.

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