Company Snapshot: GSF  Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services


GlobalSantaFe Corporation Sells 'Key Bermuda' Offshore Jackup Drilling Rig

   GLOBALSANTAFE LOGO
GlobalSantaFe logo. (PRNewsFoto)[AS]
HOUSTON, TX USA
    HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- Houston-based worldwide
offshore drilling contractor GlobalSantaFe Corporation (NYSE: GSF) announced
today it sold the Key Bermuda offshore jackup drilling rig to Nabors Drilling
International Limited for about $29 million in an all cash transaction.  The
Key Bermuda was not considered a core asset in the company's worldwide fleet
of offshore drilling rigs.
    GlobalSantaFe is a leading worldwide oil and gas drilling contractor
offering a full spectrum of premium equipment and drilling management
services.  The company's diverse and technologically advanced fleet of
58 offshore rigs includes premium and heavy-duty, harsh-environment jackups;
semisubmersibles; and dynamically positioned, ultra-deepwater drillships.
Additionally, the company has two rigs currently under construction and two
more on order.  The company also has 31 land rigs and is the world's leading
provider of turnkey drilling and drilling management services.

     Contact Information:

     Investor Relations:  Richard Hoffman at 972/701-7950 or
                          rhoffman@gsfdrill.com
     Media Relations:     Stephanie Price at 281/596-5816 or
                          stephanie.price@gsfdrill.com
     Website:             http://www.gsfdrill.com


SOURCE GlobalSantaFe Corporation




Back to Topback to top

Related links:
  • http://www.gsfdrill.com
    Photo Notes:http://www.newscom.com/cgi-bin/prnh/20011218/DATU049LOGO-b
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
    CONTACT:
    investor relations, Richard Hoffman,
    +1-972-701-7950, or rhoffman@gsfdrill.com , or media relations,
    Stephanie Price, +1-281-596-5816, or stephanie.price@gsfdrill.com
    , both of GlobalSantaFe Corporation