National Oilwell Varco Announces Appointment of Isaac H. Joseph to President, Wellbore Technologies

National Oilwell Varco, Inc. (NYSE:NOV) announced today that Isaac H.
Joseph has been promoted to President, Wellbore Technologies.

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Isaac H. Joseph, President, Wellbore Technologies (Photo: Business Wire)

Clay C. Williams, Chairman, President and CEO of National Oilwell Varco,
stated, “With 25 years of experience within NOV and legacy companies and
over 36 years of experience in the industry, Isaac brings a tremendous
level of leadership and valuable expertise to NOV’s Wellbore
Technologies segment.”

Mr. Joseph began his career in the oilfield services industry with
Tennessee Gas Pipeline in 1980. From 1982 to 1995, he had various sales,
operations and sales management roles for Plastic Applicators and
Tuboscope Vetco International. In 1995, Mr. Joseph joined ICO Worldwide
as the Regional Operations Manager for the Gulf Coast. He was later
promoted to Senior Vice President of Sales and relocated to Houston,
Texas. In 1998, Mr. Joseph was promoted to President of ICO Worldwide.
In 2002, ICO Worldwide, Inc. was acquired by Varco and Mr. Joseph was
named Vice President of the Western Hemisphere for Tuboscope. Following
the merger between National-Oilwell and Varco in 2005, Mr. Joseph was
named President of NOV Tuboscope, where he led a global team of more
than 6,500 employees. Mr. Joseph graduated from the University of
Southwestern Louisiana, obtaining a Bachelor’s degree in Business
Management.

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 and the provision of oilfield services to the
upstream oil and gas industry.

Statements made in this press release that are forward-looking in nature
are intended to be “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from the
actual future events or results. Readers are referred to documents filed
by National Oilwell Varco with the Securities and Exchange Commission,
including the Annual Report on Form 10-K, which identify significant
risk factors which could cause actual results to differ from those
contained in the forward-looking statements.

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