HOUSTON, March 15 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
announced that R&B Falcon (U.K.) Limited has been awarded three one-well
drilling contracts, each with a separate operator, utilizing the
fourth-generation semisubmersible "Jack Bates." The wells will be drilled
sequentially in the U.K. sector of the North Atlantic Ocean west of Shetland
with commencement expected early in the second quarter of 2000. Total
contract value for the estimated seven-month program is approximately
$29.7 million.
Paul B. Loyd, Jr., R&B Falcon Corporation Chairman and Chief Executive
Officer, stated, "We are quite pleased to have the "Jack Bates" return to
service, and we feel this fixture illustrates clearly that deepwater, harsh
environment drilling units can still achieve premium rates when they are
utilized at or near their design capability."
R&B Falcon Corporation operates the world's largest fleet of marine-based
drilling rigs servicing the international oil and gas industry. Its fleet is
composed of 136 marine-based drilling units including the industry's largest
fleets of barge and jackup rigs, and a fleet of semisubmersibles and
drillships which is among the most capable in the world. R&B Falcon also
provides turnkey and integrated services and operates mobile production units,
internationally-based land drilling rigs and an offshore towing business.
SOURCE R&B Falcon Corporation
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CONTACT:
Charles R. Ofner of R&B Falcon Corporation,
281-496-5000
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