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

To: The Ox who wrote (66070)	5/11/2000 3:56:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Transocean Sedco Forex Inc. Conducts Annual General Meeting, Declares Dividend HOUSTON, May 11 /PRNewswire/ -- At its annual general meeting held today in Houston, Texas, shareholders of Transocean Sedco Forex Inc. (NYSE: RIG) approved the reelection of Victor E. Grijalva, Arthur Lindenauer, Kristian Siem and J. Michael Talbert to the company's board of directors for three-year terms. Mr. Grijalva is Chairman of the Board of Directors of Transocean Sedco Forex Inc., Mr. Lindenauer is Chairman of Schlumberger Technology Corporation, Mr. Siem is Chairman and Chief Executive Officer of Siem Industries and Mr. Talbert is President and Chief Executive Officer of Transocean Sedco Forex Inc. Following the annual general meeting, the board of directors of Transocean Sedco Forex Inc. declared a cash dividend of $0.03 per share on the company's ordinary shares. The dividend is payable on June 16, 2000, to shareholders of record on June 2, 2000. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization in excess of $10 billion. The company's mobile offshore drilling fleet is comprised of 73 rigs, including 6 newbuilds not yet active. This modern and versatile fleet is located in every major offshore oil and gas drilling region. Transocean Sedco Forex Inc. specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services. The company is listed on the New York Stock Exchange under the symbol "RIG". SOURCE Transocean Sedco Forex Inc. CO: Transocean Sedco Forex Inc. ST: Texas IN: OIL SU: DIV 05/11/2000 14:03 EDT prnewswire.com