HOUSTON, July 1 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
announced today that the inland drilling barge "Rig 16" was lost as a result
of a blowout and fire at a location in inland waters approximately two miles
southeast of Amelia, Louisiana. No injuries were sustained by personnel. The
company believes that the physical damage insurance coverage in place on the
unit is adequate and that such loss will not have a material adverse impact on
the Company's financial condition.
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 135 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
unites, internationally based land drilling rigs and an offshore towing
business.
SOURCE R&B Falcon Corporation
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Related links:
http://www.rbfalcon.com
Company News On-Call:
http://www.prnewswire.com/comp/118988.html or fax,
800-758-5804, ext. 118988
CONTACT:
Charles R. Ofner of R&B Falcon Corporation,
281-496-5000
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