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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (47396)	7/6/1999 10:06:00 AM
From: The Ox	Respond to of 95453

Marine Drilling Companies Inc. Announces Acceptance of MARINE 500 SUGAR LAND, Texas--(BUSINESS WIRE)--July 6, 1999--Marine Drilling Companies Inc. ("Marine" or the "Company") (NYSE:MRL) today announced that the MARINE 500 semi-submersible drilling rig was accepted by West Australian Petroleum Pty, Ltd ("WAPET") on Monday, July 5, 1999. Upon acceptance, the drilling rig departed from Singapore for West Australia where it will conduct drilling operations for WAPET and other consortium members under a previously disclosed long-term drilling contract that expires Dec. 31, 2001. Jan Rask, president and chief executive officer of Marine, said, "We are extremely pleased that the upgrade of the MARINE 500 is complete and that the unit is being mobilized to West Australia to begin working for WAPET under a long-term contract. I'm confident that this unit will enjoy great success in accomplishing WAPET's objectives along with other consortium members. There were tremendous efforts put forth by many people to accomplish this milestone and we are grateful." Marine Drilling Companies Inc. is an offshore drilling contractor with a fleet of 17 offshore drilling rigs consisting of 15 jackups, one of which is currently configured as an accommodation unit and two semi-submersibles located in the U.S. Gulf of Mexico and certain international markets. The Company also operates one semi-submersible rig pursuant to a bareboat charter. This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities or events the company believes will or may occur in the future are forward-looking statements. Such statements are subject to a number of uncertainties that are discussed in the company's most recent Forms 10-K and 10-Q. Investors are cautioned that actual results may differ materially from those projected in the forward-looking statements. For online information about Marine Drilling Companies Inc. visit mardril.com CONTACT: Marine Drilling Companies Inc., Sugar Land T. Scott O'Keefe, 281/243-3000