Document:

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                                                                    EXHIBIT 10.1

                            INDEMNIFICATION AGREEMENT

THIS AGREEMENT is made on the 4th day of September, 2002

BETWEEN:

WEATHERFORD INTERNATIONAL LTD., a company incorporated under the laws of Bermuda
with its registered office located at Clarendon House, 2 Church Street,
Hamilton, Bermuda (the "Company"); and

Bernard J. Duroc-Danner (the "Indemnitee").

WHEREAS the Indemnitee is a director and an officer of the Company;

WHEREAS highly skilled and competent persons are becoming more reluctant to
serve public companies as directors or officers unless they are provided with
adequate protection through insurance and indemnification against inordinate
risks of claims and actions against them arising out of their service to and
activities on behalf of such companies;

WHEREAS uncertainties relating to indemnification increase the difficulty of
attracting and retaining such persons;

WHEREAS the Board has determined that an inability to attract and retain such
persons is detrimental to the best interests of the Company and that the Company
should act to assure such persons that there will be increased certainty of such
protection in the future;

WHEREAS, it is reasonable, prudent and necessary for the Company contractually
to obligate itself to indemnify Indemnitee to the fullest extent permitted by
Bermuda law so that Indemnitee will serve or continue to serve the Company free
from undue concern that Indemnitee will not be so indemnified;

WHEREAS, Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that
Indemnitee be so indemnified;

NOW, THEREFORE, in consideration of the premises and the covenants contained
herein, the Company and Indemnitee do hereby covenant and agree as follows:

1.       INTERPRETATION

1.1      In this Agreement unless the context otherwise requires, the following
         words and expressions shall have the following meanings:

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     this "Agreement"              means this Indemnification Agreement;

     the "Board"                   means the board of directors of the Company;

     "Business Day"                means any day on which banks in Bermuda are
                                   open for business;

     the "Companies Act"           means the Companies Act 1981;

     "Corporate Status"            means the status of a person who is or was a
                                   director, officer, employee, agent, or
                                   fiduciary of the Company or any other Group
                                   Company, or is or was serving at the request
                                   of the Company as a director, officer,
                                   employee, agent or fiduciary of any other
                                   company, corporation, partnership, limited
                                   liability company, joint venture, trust,
                                   employee benefit plan or other entity or
                                   enterprise;

     "the Court"                   means the Supreme Court of Bermuda;

     "Disinterested Director"      means a director of the Company who is not or
                                   was not a party to a Proceeding in respect of
                                   which indemnification is sought by
                                   Indemnitee;

     "Group Companies"             means the Company and each subsidiary of the
                                   Company (wherever incorporated or organized);

     "Independent Counsel"         means a law firm or a member of a law firm
                                   that neither is presently nor in the past
                                   five years has been retained to represent:
                                   (i) the Company or Indemnitee in any matter
                                   material to either such party, or (ii) any
                                   other party to the Proceeding giving rise to
                                   a claim for indemnification hereunder.
                                   Notwithstanding the foregoing, the term
                                   "Independent Counsel" shall not include any
                                   person who, under the applicable standards of
                                   professional conduct then prevailing, would
                                   have a conflict of interest in representing
                                   either the Company or Indemnitee in an action
                                   to determine Indemnitee's right to
                                   indemnification under this Agreement;

     the "Parties"                 means the parties to this Agreement
                                   collectively, and "Party" means any one of
                                   them; and

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     "Proceeding"                  means any action, suit, arbitration,
                                   alternate dispute resolution mechanism,
                                   investigation, administrative hearing or any
                                   other proceeding whether civil, criminal,
                                   administrative or investigative and whether
                                   formal or informal;

1.2      In this Agreement unless the context otherwise requires:

         1.2.1    references to statutory provisions shall be construed as
                  references to those provisions as amended or re-enacted or as
                  their application is modified by other provisions from time to
                  time and shall include references to any provisions of which
                  they are re-enactments (whether with or without modification);

         1.2.2    references to clauses and schedules are references to clauses
                  hereof and schedules hereto; references to sub-clauses or
                  paragraphs are, unless otherwise stated, references to
                  sub-clauses of the clause or paragraphs of the schedule in
                  which the reference appears;

         1.2.3    references to the singular shall include the plural and vice
                  versa and references to the masculine shall include the
                  feminine and/or neuter and vice versa; and

         1.2.4    references to persons shall include companies, partnerships,
                  associations and bodies of persons, whether incorporated or
                  unincorporated.

2.       AGREEMENT TO SERVE

         Indemnitee agrees to continue to serve as a director and an officer of
         the Company. This Agreement does not create or otherwise establish any
         right on the part of Indemnitee to be and continue to be elected or
         appointed a director and an officer of the Company or any other Group
         Company and does not create an employment contract between the Company
         and Indemnitee.

3.       INDEMNITY OF DIRECTOR/OFFICER

3.1      Subject to clause 10, the Company shall indemnify Indemnitee if
         Indemnitee is a party or is threatened to be made a party to any
         threatened, pending or completed Proceeding, including a Proceeding
         brought by or in the right of the Company, by reason of the fact that
         Indemnitee is or was a director, officer, employee, agent, or fiduciary
         of the Company or is or was serving at the request of the Company as a
         director, officer, employee, agent, or fiduciary of any other company,
         corporation, partnership, limited liability company, joint venture,
         trust, employee benefit plan or other entity or enterprise or by reason
         of anything done or not done by Indemnitee in any such capacity.
         Subject to clause 10, pursuant to this sub-clause 3.1 Indemnitee shall
         be indemnified against expenses (including attorneys' fees and
         disbursements), judgments, penalties, fines and

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         amounts paid in settlement actually and reasonably incurred by
         Indemnitee in connection with such Proceeding (including, but not
         limited to, the investigation, defense, settlement or appeal thereof).

3.2      Notwithstanding any other provision of this Agreement other than clause
         10, Indemnitee shall be indemnified against all expenses (including
         attorneys' fees and disbursements) actually and reasonably incurred by
         Indemnitee or on Indemnitee's behalf in defending any Proceedings
         referred to in clause 3.1 in which judgement is given in his favour, in
         which he is acquitted, or in respect of which relief is granted to him
         by the Court under section 281 of the Companies Act.

3.3      Subject to clause 10, the Company shall indemnify Indemnitee for such
         portion of the expenses (including attorneys' fees), witness fees,
         damages, judgments, fines and amounts paid in settlement and any other
         amounts that Indemnitee becomes legally obligated to pay in connection
         with any Proceeding referred to in clause 3.1 in respect of which
         Indemnitee is entitled to indemnification hereunder, even if Indemnitee
         is not entitled to indemnification hereunder for the total amount
         thereof.

3.4      Without limiting the scope of the indemnity provided under any other
         provision of this Agreement, if the Indemnitee has reason to apprehend
         that any claim will or might be made against him in respect of any
         negligence, default, breach of duty or breach of trust, he may apply to
         the Court for relief pursuant to section 281 of the Companies Act and,
         to the extent that the Court relieves him, either wholly or partly,
         from his liability in accordance with section 281 of the Companies Act,
         the Indemnitee shall be indemnified against any liability incurred by
         him in defending any Proceedings in accordance with paragraph 98(2)(b)
         of the Companies Act.

4.       INDEMNIFICATION FOR EXPENSES OF A WITNESS

         Subject to clause 10, to the extent that Indemnitee is, by reason of
         Indemnitee's Corporate Status, a witness in any proceeding, Indemnitee
         shall be indemnified by the Company against all expenses actually and
         reasonably incurred by Indemnitee or on Indemnitee's behalf in
         connection therewith.

5.       DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION

5.1      The Indemnitee shall request indemnification pursuant to this Agreement
         by notice in writing to the secretary of the Company. The secretary
         shall, promptly upon receipt of Indemnitee's request for
         indemnification, advise in writing the Board or such other person or
         persons empowered to make the determination as provided in sub-clause
         5.2 that Indemnitee has made such request for indemnification. Subject
         to clause 10, upon making such request for indemnification, Indemnitee
         shall be presumed to be entitled to

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         indemnification hereunder and the Company shall have the burden of
         proof in the making of any determination contrary to such presumption.

5.2      Upon written request by Indemnitee for indemnification pursuant to
         sub-clause 3.1, the entitlement of the Indemnitee to indemnification
         pursuant to the terms of this Agreement shall be determined by the
         following person or persons who shall be empowered to make such
         determination:

                  5.2.1    the Board, by a majority vote of the Disinterested
                           Directors; or

                  5.2.2    if such vote is not obtainable or, even if
                           obtainable, if such Disinterested Directors so direct
                           by majority vote, by Independent Counsel in a written
                           opinion to the Board, a copy of which shall be
                           delivered to Indemnitee; or

                  5.2.3    by a majority vote of the shareholders.

5.3      For purposes of sub-clause 5.2, Independent Counsel shall be selected
         by the Board and approved by Indemnitee. Upon failure of the Board to
         so select such Independent Counsel or upon failure of Indemnitee to so
         approve, such Independent Counsel shall be selected by a single
         arbitrator pursuant to the rules of the American Arbitration
         Association. Such determination of entitlement to indemnification shall
         be made not later than 60 days after receipt by the Company of a
         written request for indemnification. Such request shall include
         documentation or information which is necessary for such determination
         and which is reasonably available to Indemnitee. Subject to clause 10,
         any expenses (including attorneys' fees) incurred by Indemnitee in
         connection with Indemnitee's request for indemnification hereunder
         shall be borne by the Company irrespective of the outcome of the
         determination of Indemnitee's entitlement to indemnification. If the
         person or persons making such determination shall determine that
         Indemnitee is entitled to indemnification as to part (but not all) of
         the application for indemnification, such persons may reasonably
         prorate such partial indemnification among such claims, issues or
         matters in respect of which indemnification is requested.

6.       ADVANCEMENT OF EXPENSES

         All reasonable expenses incurred by Indemnitee (including attorneys'
         fees, retainers and advances of disbursements required of Indemnitee)
         shall be paid by the Company in advance of the final disposition of any
         Proceeding at the request of Indemnitee as promptly as possible, and in
         any event within twenty days after the receipt by the Company of a
         statement or statements from Indemnitee requesting such advance or
         advances from time to time. Indemnitee's entitlement to such expenses
         shall include those incurred in connection with any Proceeding by
         Indemnitee seeking an adjudication

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         or award in arbitration pursuant to this Agreement. Such statement or
         statements shall reasonably evidence the expenses incurred by
         Indemnitee in connection therewith and shall include or be accompanied
         by an undertaking by or on behalf of Indemnitee to repay such amount if
         it is ultimately determined that Indemnitee is not entitled to be
         indemnified against such expenses by the Company as provided by this
         Agreement or otherwise. Subject to clause 10, the Company shall have
         the burden of proof in any determination under this clause 6. No
         amounts advanced hereunder shall be deemed an extension of credit by
         the Company to Indemnitee.

7.       REMEDIES OF INDEMNITEE IN CASES OF DETERMINATION NOT TO INDEMNIFY OR TO
         ADVANCE EXPENSES

7.1      In the event that: (a) a determination is made that Indemnitee is not
         entitled to indemnification hereunder; (b) payment has not been timely
         made following a determination of entitlement to indemnification
         pursuant to clause 5; or (c) expenses are not advanced pursuant to
         clause 6, Indemnitee shall be entitled to apply to the Court or any
         other court of competent jurisdiction for a determination of
         Indemnitee's entitlement to such indemnification or advance.

7.2      Alternatively to sub-clause 7.1, Indemnitee, at Indemnitee's option,
         may seek an award in arbitration to be conducted by a single arbitrator
         pursuant to the rules of the American Arbitration Association, such
         award to be made within sixty days following the filing of the demand
         for arbitration. The Company shall not oppose Indemnitee's right to
         seek any such adjudication or award in arbitration or any other claim.

7.3      A judicial proceeding or arbitration pursuant to this clause 7 shall be
         made de novo and Indemnitee shall not be prejudiced by reason of a
         determination otherwise made hereunder (if so made) that Indemnitee is
         not entitled to indemnification. Subject to clause 10, if a
         determination is made pursuant to the terms of clause 5 that Indemnitee
         is entitled to indemnification, the Company shall be bound by such
         determination and is precluded from asserting that such determination
         has not been made or that the procedure by which such determination was
         made is not valid, binding and enforceable. If the court or arbitrator
         shall determine that Indemnitee is entitled to any indemnification
         hereunder, the Company shall pay all reasonable expenses (including
         attorneys' fees and disbursements) actually incurred by Indemnitee in
         connection with such adjudication or award in arbitration (including,
         but not limited to, any appellate proceedings).

8.       OTHER RIGHTS TO INDEMNIFICATION

         The indemnification and advancement of expenses (including attorneys'
         fees) provided by this Agreement shall not be deemed exclusive of any
         other right to which Indemnitee may now or in the future be entitled
         under any provision of the Company's bye-laws, any agreement, vote of
         shareholders, the Board or Disinterested Directors, provision of law,
         or otherwise; provided, however, that: (a) this Agreement supersedes
         any other

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         agreement that has been entered into by the Company with the Indemnitee
         which has as its principal purpose the indemnification of Indemnitee
         (except that this Agreement shall not supersede that certain
         Indemnification Agreement entered into on or about the date hereof
         between Indemnitee and Weatherford International, Inc., a subsidiary of
         the Company, it being the intention of the Parties that Indemnitee
         shall be entitled to the indemnification provided under either or both
         agreements to the fullest extent permitted by law); and (b) where the
         Company may indemnify the Indemnitee pursuant to either this Agreement
         or the bye-laws of the Company, the Company may indemnify the
         Indemnitee under either this Agreement or the bye-laws but the
         Indemnitee shall, in no case, be indemnified by the Company in respect
         of any expense, liability or cost of any type for which payment is or
         has been actually made to Indemnitee under any insurance policy,
         indemnity clause, bye-law or agreement, except in respect of any excess
         beyond such payment.

9.       ATTORNEYS' FEES AND OTHER EXPENSES TO ENFORCE AGREEMENT

         In the event that Indemnitee is subject to or intervenes in any
         Proceeding in which the validity or enforceability of this Agreement is
         at issue or seeks an adjudication or award in arbitration to enforce
         Indemnitee's rights under, or to recover damages for breach of, this
         Agreement, Indemnitee, if Indemnitee prevails in whole or in part in
         such action, shall be entitled to recover from the Company and shall be
         indemnified by the Company against, any actual expenses for attorneys'
         fees and disbursements reasonably incurred by Indemnitee, provided that
         in bringing such action, Indemnitee acted in good faith.

10.      LIMITATION OF INDEMNIFICATION

         Notwithstanding any other terms of this Agreement, nothing herein shall
         indemnify the Indemnitee against, or exempt the Indemnitee from, any
         liability in respect of the Indemnitee's fraud or dishonesty.

11.      LIABILITY INSURANCE

         To the extent the Company maintains an insurance policy or policies
         providing directors' and officers' liability insurance, Indemnitee
         shall be covered by such policy or policies, in accordance with its or
         their terms, to the maximum extent of the coverage available for any
         Company director or officer.

12.      DURATION OF AGREEMENT

         This Agreement shall apply with respect to Indemnitee's occupation of
         any of the position(s) described in sub-clause 3.1 of this Agreement
         prior to the date of this Agreement and with respect to all periods of
         such service after the date of this Agreement, even though the
         Indemnitee may have ceased to occupy such positions(s).

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13.      NOTICE OF PROCEEDINGS BY INDEMNITEE

13.1     Indemnitee agrees promptly to notify the Company in writing upon being
         served with any summons, citation, subpoena, complaint, indictment,
         information or other document relating to any Proceeding which may be
         subject to indemnification hereunder, provided, however, that the
         failure to so notify the Company will not relieve the Company from any
         liability it may have to Indemnitee except to the extent that such
         failure materially prejudices the Company's ability to defend such
         claim. With respect to any such Proceeding as to which Indemnitee
         notifies the Company of the commencement thereof:

         13.1.1   the Company will be entitled to participate therein at its own
                  expense; and

         13.1.2   except as otherwise provided below, to the extent that it may
                  wish, the Company jointly with any other indemnifying party
                  similarly notified will be entitled to assume the defense
                  thereof, with counsel reasonably satisfactory to Indemnitee.
                  After notice from the Company to Indemnitee of its election so
                  to assume the defense thereof, the Company will not be liable
                  to Indemnitee under this Agreement for any legal or other
                  expenses subsequently incurred by Indemnitee in connection
                  with the defense thereof other than reasonable costs of
                  investigation or as otherwise provided below. Indemnitee shall
                  have the right to employ Indemnitee's own counsel in such
                  Proceeding, but the fees and expenses of such counsel incurred
                  after notice from the Company of its assumption of the defense
                  thereof shall be at the expense of Indemnitee and not subject
                  to indemnification hereunder unless (a) the employment of
                  counsel by Indemnitee has been authorized by the Company; (b)
                  in the reasonable opinion of counsel to Indemnitee there is or
                  may be a conflict of interest between the Company and
                  Indemnitee in the conduct of the defense of such Proceeding;
                  or (c) the Company shall not in fact have employed counsel to
                  assume the defense of such action, in each of which cases,
                  subject to clause 10, the fees and expenses of counsel shall
                  be at the expense of the Company.

13.2     Neither the Company nor the Indemnitee shall settle any claim without
         the prior written consent of the other (which shall not be unreasonably
         withheld).

14.      NOTICES

         Any notice required to be given hereunder shall be in writing in the
         English language and shall be served by sending the same by prepaid
         recorded post, facsimile or by delivering the same by hand to the
         address of the Party or Parties in question as set out below (or such
         other address as such Party or Parties shall notify the other Parties
         of in accordance with this clause). Any notice sent by post as provided
         in this clause shall be deemed to have been served five Business Days
         after despatch and any notice sent by facsimile as

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         provided in this clause shall be deemed to have been served at the time
         of despatch and in proving the service of the same it will be
         sufficient to prove in the case of a letter that such letter was
         properly stamped, addressed and placed in the post; and in the case of
         a facsimile that such facsimile was duly despatched to a current
         facsimile number of the addressee.

         Company -

         Weatherford International Ltd.

         c/o Weatherford International, Inc.
         515 Post Oak Park, Suite 600
         Houston, Texas  77027-3415
         Attn:  Secretary

         Fax:              713-693-4484

         Indemnitee -
         Name:             Bernard J. Duroc-Danner
         Address:          515 Post Oak Boulevard, Suite 600
                           Houston, Texas 77027
         Fax:              (713) 693-4485

15.      MISCELLANEOUS

15.1     Notwithstanding the expiration or termination of this Agreement
         howsoever arising, such expiration or termination shall not operate to
         affect such of the provisions hereof as are expressed or intended to
         remain in full force and effect.

15.2     If any of the clauses, conditions, covenants or restrictions of this
         Agreement or any deed or document emanating from it shall be found to
         be void but would be valid if some part thereof were deleted or
         modified, then such clause, condition, covenant or restriction shall
         apply with such deletion or modification as may be necessary to make it
         valid and effective so as to give effect as nearly as possible to the
         intent manifested by such clause, condition, covenant or restriction.

15.3     This Agreement shall be binding upon the Company and its successors and
         assigns (including any transferee of all or substantially all of its
         assets and any successor or resulting company by merger, amalgamation
         or operation of law) and shall inure to the benefit of Indemnitee and
         Indemnitee's spouse, assigns, heirs, estate, devises, executors,
         administrators or other legal representatives.

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15.4.    This Agreement (together with any documents referred to herein)
         constitutes the whole agreement between the Parties relating to its
         subject matter and supersedes any prior indemnification arrangement
         between the Company (or its predecessor) and Indemnitee (except as
         specifically set forth in clause 8).

15.5     No provision in this Agreement may be amended unless such amendment is
         agreed to in writing, signed by the Indemnitee and by a duly authorised
         officer of the Company. No waiver by either Party of any breach by the
         other Party of any condition or provision of this Agreement to be
         performed by such other Party shall be deemed a waiver of a similar or
         dissimilar condition or provision at the same or any prior or
         subsequent time. Any waiver must be in writing and signed by the
         Indemnitee or a duly authorised officer of the Company, as the case may
         be.

15.6     The headings in this Agreement are inserted for convenience only and
         shall not affect the construction of this Agreement.

15.7     This Agreement may be executed in counterparts each of which when
         executed and delivered shall constitute an original but all such
         counterparts together shall constitute one and the same instrument.

15.8     The terms and conditions of this Agreement and the rights of the
         parties hereunder shall be governed by and construed in all respects in
         accordance with the laws of the Islands of Bermuda. The parties to this
         Agreement hereby irrevocably agree that the courts of Bermuda shall
         have non-exclusive jurisdiction in respect of any dispute, suit,
         action, arbitration or proceedings ("Agreement Proceedings") which may
         arise out of or in connection with this Agreement and waive any
         objection to Agreement Proceedings in the courts of Bermuda on the
         grounds of venue or on the basis that the Agreement Proceedings have
         been brought in an inconvenient forum.

15.9     All payments made by the Company to Indemnitee hereunder shall be
         deemed to have been made in the ordinary course of business of the
         Company, and shall not be deemed to be extraordinary payments.

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IN WITNESS WHEREOF, the undersigned, intending to be bound hereby, have duly
executed this Agreement as of the date first written above.

SIGNED by and on behalf of        )
THE COMPANY                       )             _/s/ Burt M. Martin__
in the presence of:               )             Name: Burt M. Martin
                                                  Title: Senior Vice President

Witness:  /s/ Kathleen Lopez
          Name:  Kathleen Lopez

SIGNED by                         )
THE INDEMNITEE                    )             _/s/ Bernard J. Duroc-Danner
in the presence of:               )             Name:  Bernard J. Duroc-Danner

Witness:  /s/ Kelly N. Mills
Name: Kelly N. Mills

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                            SCHEDULE TO EXHIBIT 10.1

         The agreements listed below have been omitted pursuant to Instruction 2
to Item 601 of Regulation S-K.

1.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Gary L. Warren.

2.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Burt M. Martin.

3.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Lisa W. Rodriguez.

4.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and E. Lee Colley, III.

5.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Donald R. Galletly.

6.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Jon R. Nicholson.

7.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and James N. Parmigiano.

8.       Indemnification Agreement dated September 27, 2002, between Weatherford
International Ltd. and Stuart E. Ferguson.

9.       Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and David J. Butters.

10.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Robert A. Rayne.

11.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Robert K. Moses, Jr.

12.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Philip Burguieres.

13.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Robert B. Millard.

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14.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and William E. Macaulay.

15.      Indemnification Agreement dated September 4, 2002, between Weatherford
International Ltd. and Sheldon B. Lubar.

Material details in which the agreements listed in nos. 1-8 above differ from
the agreement filed herewith are as follows:

         The first "WHEREAS" clause states as follows: "WHEREAS the Indemnitee
         is an officer of the Company".

         Section 2 states as follows: "Indemnitee agrees to continue to serve as
         an officer of the Company. This Agreement does not create or otherwise
         establish any right on the part of Indemnitee to be and continue to be
         elected or appointed an officer of the Company or any other Group
         Company and does not create an employment contract between the Company
         and Indemnitee."

Material details in which the agreements listed in nos. 9-15 above differ from
the agreement filed herewith are as follows:

         The first "WHEREAS" clause states as follows: "WHEREAS the Indemnitee
         is a director of the Company."

         Section 2 states as follows: "Indemnitee agrees to continue to serve as
         a director of the Company. This Agreement does not create or otherwise
         establish any right on the part of Indemnitee to be and continue to be
         elected or appointed a director of the Company or any other Group
         Company and does not create an employment contract between the Company
         and Indemnitee."

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                                                                   EXHIBIT 4.D.3

================================================================================

                          EL PASO ENERGY PARTNERS, L.P.
          EL PASO ENERGY PARTNERS FINANCE CORPORATION, AS THE ISSUERS,

                                       AND

             THE SUBSIDIARIES PARTY HERETO, AS SUBSIDIARY GUARANTORS

                                       AND

           JPMORGAN CHASE BANK, A NEW YORK STATE BANKING CORPORATION,
                             AS SUCCESSOR TRUSTEE TO
              CHASE BANK OF TEXAS, NATIONAL ASSOCIATION, AS TRUSTEE

                              --------------------

                          EIGHTH SUPPLEMENTAL INDENTURE

                          DATED AS OF OCTOBER 10, 2002

                                       TO

                                    INDENTURE

                            DATED AS OF MAY 27, 1999

                              --------------------

              10 3/8% SENIOR SUBORDINATED NOTES DUE 2009, SERIES A
              10 3/8% SENIOR SUBORDINATED NOTES DUE 2009, SERIES B

================================================================================

<PAGE>

                          EIGHTH SUPPLEMENTAL INDENTURE

         THIS EIGHTH SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"),
dated as of October 10, 2002 is by and among El Paso Energy Partners, L.P., a
Delaware limited partnership (formerly Leviathan Gas Pipeline Partners, L.P.)
(the "Partnership"), El Paso Energy Partners Finance Corporation, a Delaware
corporation (formerly Leviathan Finance Corporation), the guarantor parties
hereto, and JPMorgan Chase Bank, a New York state banking corporation, as
successor trustee to the Chase Bank of Texas, National Association, as Trustee.

                              W I T N E S S E T H:

         WHEREAS, the Issuers, the Subsidiary Guarantors and the Trustee entered
into an Indenture, dated as of May 27, 1999 (as in effect on the date hereof,
the "Indenture"), relating to the 10 3/8% Senior Subordinated Notes due 2009,
Series A and the 10 3/8% Senior Subordinated Notes due 2009, Series B;

         WHEREAS, the Partnership desires to redesignate the subsidiaries of the
Partnership set forth on Schedule I attached hereto (the "NEW GUARANTORS") as
Restricted Subsidiaries and, accordingly, cause such subsidiaries to become
Subsidiary Guarantors under the Indenture pursuant to the terms of this
Supplemental Indenture;

         WHEREAS, this Supplemental Indenture is executed and delivered pursuant
to Sections 4.14 and 11.01 of the Indenture;

         WHEREAS, the Issuers, the Subsidiary Guarantors (which term includes
the New Guarantors) and the Trustee desire to enter into this Supplemental
Indenture to provide for the New Guarantors' guarantee of payment on the same
terms and conditions as the Guarantees by the other Subsidiary Guarantors; and

         WHEREAS, all conditions precedent provided for in the Indenture
relating to this Supplemental Indenture have been complied with.

         NOW, THEREFORE, in consideration of the premises herein contained, and
for other good and valuable considerations, the receipt and sufficiency of which
are hereby acknowledged, the Issuers, the Subsidiary Guarantors and the Trustee
mutually covenant and agree for the equal and proportionate benefit of all
Holders of the Notes as follows:

               SECTION 1. INCORPORATION OF INDENTURE; DEFINITIONS

         1.1 INCORPORATION OF INDENTURE. This Supplemental Indenture constitutes
a supplement to the Indenture, and the Indenture and this Supplemental Indenture
shall be read together and shall have effect so far as practicable as though all
of the provisions thereof and hereof are contained in one instrument.

         1.2 DEFINITIONS. All capitalized terms used herein and not otherwise
defined herein shall have the respective meanings assigned to such terms in the
Indenture.

<PAGE>

                       SECTION 2. SUPPLEMENTAL PROVISIONS

         2.1 UNCONDITIONAL GUARANTEE. Subject to the provisions of Article 11 of
the Indenture, the New Guarantors shall be Subsidiary Guarantors under the terms
of the Indenture and hereby unconditionally guarantee to each Holder of a Note
authenticated and delivered by the Trustee and to the Trustee and its successors
and assigns, irrespective of the validity and enforceability of the Indenture,
the Notes or the Obligations of the Issuers under the Indenture or the Notes,
that:

         (a)  the principal of, premium, interest and Liquidated Damages, if
              any, on the Notes shall be promptly paid in full when due, whether
              at the maturity or interest payment or mandatory redemption date,
              by acceleration, redemption or otherwise, and interest on the
              overdue principal of, premium, interest and Liquidated Damages, if
              any, on the Notes, if any, if lawful, and all other Obligations of
              the Issuers to the Holders or the Trustee under the Indenture and
              the Notes shall be promptly paid in full or performed, all in
              accordance with the terms of the Indenture and the Notes; and

         (b)  in case of any extension of time of payment or renewal of any
              Notes or any of such other obligations, that same shall be
              promptly paid in full when due or performed in accordance with the
              terms of the extension or renewal, whether at Stated Maturity, by
              acceleration or otherwise. Failing payment when due of any amount
              so guaranteed or any performance so guaranteed for whatever
              reason, the Subsidiary Guarantors shall be jointly and severally
              obligated to pay the same immediately.

         The New Guarantors hereby agree that their obligations hereunder and
under the Indenture shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes or the Indenture, the absence of any
action to enforce the same, any waiver or consent by any Holder of the Notes
with respect to any provisions of the Indenture and the Notes, the recovery of
any judgment against the Issuers, any action to enforce the same or any other
circumstance which might otherwise constitute a legal or equitable discharge or
defense of a Subsidiary Guarantor. The New Guarantors hereby waive diligence,
presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Issuers, any right to require a proceeding first
against the Issuers, protest, notice and all demands whatsoever and covenant
that the Guarantees shall not be discharged except by complete performance of
the obligations contained in the Notes and the Indenture.

         If any Holder or the Trustee is required by any court or otherwise to
return to the Issuers or Subsidiary Guarantors, or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuers or
Subsidiary Guarantors, any amount paid by either to the Trustee or such Holder,
these Guarantees, to the extent theretofore discharged, shall be reinstated in
full force and effect. The New Guarantors agree that they shall not be entitled
to any right of subrogation in relation to the Holders in respect of any
obligations guaranteed under the Indenture until payment in full of all
obligations guaranteed under the Indenture.

         The New Guarantors further agree that, as between the Subsidiary
Guarantors, on the one hand, and the Holders and the Trustee, on the other hand,
(x) the maturity of the Obligations

                                       2
<PAGE>

guaranteed under the Indenture may be accelerated as provided in Article 6 of
the Indenture for the purposes of these Guarantees, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed under the Indenture, and (y) in the event of any
declaration of acceleration of such Obligations as provided in Article 6 of the
Indenture, such Obligations (whether or not due and payable) shall forthwith
become due and payable by the Subsidiary Guarantors for the purpose of these
Guarantees. The New Guarantors agree that the Subsidiary Guarantors shall have
the right to seek contribution from any non-paying Subsidiary Guarantor so long
as the exercise of such right does not impair the rights of the Holders under
these Guarantees.

         2.2 OTHER GUARANTEE TERMS. The New Guarantors hereby confirm, adopt and
acknowledge each of the provisions of the Indenture relating to the Subsidiary
Guarantors and the Guarantees, including, but not limited to, Articles 4 and 11
thereof.

                            SECTION 3. MISCELLANEOUS

         3.1 COUNTERPARTS. This Supplemental Indenture may be signed in
counterparts and by the different parties hereto in separate counterparts, each
of which shall constitute an original and all of which together shall constitute
one and the same instrument.

         3.2 SEVERABILITY. In case any provision in this Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

         3.3 HEADINGS. The headings of the sections of this Supplemental
Indenture have been inserted for convenience of reference only, are not to be
considered a part hereof and shall not modify or restrict any of the terms or
provisions hereof.

         3.4 SUCCESSORS. All agreements of the Issuers and the Subsidiary
Guarantors in this Supplemental Indenture shall bind their respective
successors. All agreements of the Trustee in this Supplemental Indenture shall
bind its successors.

         3.5 GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

         3.6 FULL FORCE AND EFFECT. The Indenture, as supplemented by this
Supplemental Indenture, remains in full force and effect and is hereby ratified
and confirmed as the valid and binding obligation of the parties hereto.

         3.7 TRUSTEE. The Trustee accepts the modifications of trusts referenced
in the Indenture and effected by this Supplemental Indenture. Without limiting
the generality of the foregoing, the Trustee assumes no responsibility for the
correctness of the recitals herein contained, which shall be taken as the
statements of the Issuers and the Subsidiary Guarantors, and the Trustee shall
not be responsible or accountable in any way whatsoever for or with respect to
the validity

                                       3
<PAGE>

or execution or sufficiency of this Supplemental Indenture, and the
Trustee makes no representation with respect thereto.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

                                       4

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Supplemental
Indenture as of the date first above written.

EL PASO ENERGY PARTNERS, L.P.                   EL PASO ENERGY PARTNERS
     by its general partner                     FINANCE CORPORATION
     EL PASO ENERGY PARTNERS
     COMPANY

By:      /s/ D. Mark Leland                     By: /s/ D. Mark Leland
         --------------------------                 ----------------------------
Name:    D. Mark Leland                         Name:   D. Mark Leland
Title:   Senior Vice President and              Title:  Senior Vice President
         Controller                                     and Controller

JP MORGAN CHASE BANK, as successor trustee

By:      /s/ Rebecca A. Newman
         ---------------------------------------
Name:    Rebecca A. Newman
Title:   Vice President & Trust Officer

<PAGE>

NEW GUARANTORS:

El Paso offshore Gathering & Transmission, L.P.
El Paso Energy Warwink I Company, L.P.
El Paso Energy Warwink II Company, L.P.
El Paso Hub Services Company, L.L.C.
El Paso Indian Basin, L.P.
El Paso ENERGY Intrastate, L.P.
EPGT Texas Pipeline, L.P.
EPN Gathering and Treating Company, L.P.
EPN Gathering and Treating GP Holding, L.L.C.
EPN GP Holding, L.L.C.
EPN GP Holding I, L.L.C.
EPN Holding Company, L.P.
EPN Holding Company I, L.P.
EPN Pipeline GP Holding, L.L.C.
WARWINK GATHERING AND TREATING COMPANY
   By:   El Paso Energy Warwink I Company, L.P., its 99% partner and
         El Paso Energy Warwink II Company, L.P., its 1% partner

By:      /s/ Keith Forman
         ------------------------------------------
Name:    Keith Forman
Title:   Vice President and Chief Financial Officer

<PAGE>

Each of the undersigned hereby ratifies and confirms its respective obligations
under the Indenture, as supplemented by this Supplemental Indenture:

        ARGO, L.L.C.
        ARGO I, L.L.C.
        ARGO II, L.L.C.
        CHACO LIQUIDS PLANT TRUST
          By: El Paso Energy Partners Operating Company, L.L.C., its Trustee
        CRYSTAL HOLDING, L.L.C.
        DELOS OFFSHORE COMPANY, L.L.C.
        East Breaks Gathering Company, L.L.C.
        EL PASO ENERGY PARTNERS DEEPWATER, L.L.C.
        EL PASO ENERGY PARTNERS OIL TRANSPORT, L.L.C.
        EL PASO ENERGY PARTNERS OPERATING COMPANY, L.L.C.
        EPN NGL STORAGE, L.L.C.
        FIRST RESERVE GAS, L.L.C.
        FLEXTREND DEVELOPMENT COMPANY, L.L.C.
        GREEN CANYON PIPE LINE COMPANY, L.P.
        HATTIESBURG GAS STORAGE COMPANY
        HATTIESBURG INDUSTRIAL GAS SALES, L.L.C.
        High Island Offshore System, L.L.C.
        MANTA RAY GATHERING COMPANY, L.L.C.
        PETAL GAS STORAGE, L.L.C.
        POSEIDON PIPELINE COMPANY, L.L.C.
        VK DEEPWATER GATHERING COMPANY, L.L.C.
        VK-MAIN PASS GATHERING COMPANY, L.L.C.

               By:      /s/ D. Mark Leland
                        -------------------------------
               Name:    D. Mark Leland
               Title:   Senior Vice President and
                        Controller of each such entity

<PAGE>

                                   SCHEDULE I

El Paso Offshore Gathering & Transmission, L.P. , a Delaware limited partnership
El Paso Energy Warwink I Company, L.P. , a Delaware limited partnership
El Paso Energy Warwink II Company, L.P. , a Delaware limited partnership
El Paso Hub Services Company, L.L.C., a Delaware limited liability company
El Paso Indian Basin, L.P. , a Delaware limited partnership
El Paso Energy Intrastate, L.P. , a Delaware limited partnership
EPGT Texas Pipeline, L.P. , a Delaware limited partnership
EPN Gathering and Treating Company, L.P. , a Delaware limited partnership
EPN Gathering and Treating GP Holding, L.L.C. , a Delaware limited liability
   company
EPN GP Holding, L.L.C. , a Delaware limited liability company
EPN GP Holding I, L.L.C., a Delaware limited liability company
EPN Holding Company, L.P. , a Delaware limited partnership
EPN Holding Company I, L.P., a Delaware limited partnership
EPN Pipeline GP Holding, L.L.C. , a Delaware limited liability company
Warwink Gathering and Treating Company, a Delaware general partnership

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