Transocean Provides Relief Efforts for Hurricane Katrina

Transocean is providing the following relief efforts for its U.S.-based employees affected by Hurricane Katrina. The company is:

  • Making an initial $100,000 contribution to the American Red Cross to help run their shelters and provide relief.
  • Matching employee donations (dollar for dollar) to the American Red Cross up to a total company match of $50,000.
  • Launching an Employee Assistance Program (EAP), with a toll-free, 24-hour telephone hotline for employees to receive help, including professional counseling for coping with stress and loss, anxiety or depression, as well as financial, money and legal matters.
  • (The EAP also includes a website for employees to obtain information about dealing with storm-related issues.)
  • Providing direct and indirect financial assistance to employees affected by the hurricane.
  • Providing volunteer support in relief efforts.

Transocean estimates that more than 650 employees and their families have been directly affected by Hurricane Katrina in Louisiana, Mississippi and Alabama, in addition to the numerous other employees with family and friends in the disaster area.

"We believe that support for those affected communities is extremely important," Transocean President and Chief Executive Officer Robert L. Long said to employees in an e-mail. "One of the most important things we can do right now is support the emergency relief efforts taking place."