GlobalSantaFe Board Approves Dividend

Worldwide offshore oil and gas drilling contractor GlobalSantaFe Corporation on Tuesday said 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 Jan. 12, 2007, to shareholders of record as of the close of business on Dec. 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.