Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: diana g who wrote (45986)	6/7/1999 12:56:00 PM
From: marc chatman	Read Replies (2) of 95453

<<marc, I can't find the link (No surprise!) but I remember reading that RIG was choosing to no longer be a Norwegian corp also.>> That wouldn't surprise me. Unless there is some legal requirement or advantage to having a corporate entity in a specific country, there would be no reason to maintain subsidiaries. I believe after the buyout of Transocean, the Norwegian company became a wholly owned subsidiary of the US company (I think it was Sonat, right?). So, I'd assume the Oslo exchange would have been trading d.r.'s of the US company. You may be right about Norwegian institutions holding RIG. But if they were already permitted to own a US company, they might not have a problem owning a Cayman company (unless its the "tax haven" thing). <<Where would you rather have your office---Houston or the Cayman Islands?? <G>>> It's 90 degrees here today. I don't even want to think about being some place hotter (or at least more consistently hot). <g>

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