GlobalSantaFe Board Approves Quarterly Cash Dividend
GlobalSantaFe Corporation (NYSE: GSF) announced that its board of directors has approved the company's regular quarterly cash dividend of 22.5 cents per ordinary share. The dividend is payable on July 14, 2006, to shareholders of record as of the close of business on June 30, 2006.
GlobalSantaFe is one of the world's largest providers of offshore oil and
gas drilling and drilling management services. We own or operate 61 marine
drilling rigs, including premium and heavy-duty, harsh-environment jackups,
semisubmersibles, and dynamically positioned ultra-deepwater drillships, as
well as two semisubmersibles operated for third parties under a joint venture
agreement. Two of the jackup rigs in our fleet currently are unavailable for
contract due to hurricane damage and may not return to service. During the
first quarter of 2006, we entered into a contract to build an ultra-deepwater
semisubmersible scheduled for delivery in early 2009.
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