GlobalSantaFe Board Approves Quarterly 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 Oct. 13, 2006, to shareholders of record as of the close of business on Sept. 29, 2006.

GlobalSantaFe is a leading provider of offshore oil and gas drilling and drilling management services. The company owns or operates a mobile fleet of marine drilling rigs that operates in major drilling regions around the world, including premium and heavy-duty, harsh-environment jackups, semisubmersibles, and dynamically positioned ultra-deepwater drillships.