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R&B Falcon Corporation Announces Development Regarding Jack Bates Contract
 
    HOUSTON, Dec. 21 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
announced that on December 21, 1998, it received notice from Mobil North Sea
Limited that Mobil was terminating the drilling contract on the
semisubmersible rig "Jack Bates."  Mobil has alleged certain performance
breaches relating to equipment and personnel deficiencies as the basis for
notice of termination.  The Company believes it did not breach the contract
and intends to pursue its legal remedies to enforce its rights under the
contract.
SOURCE R&B Falcon Corporation



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