To: Ken Robbins who wrote (3801 ) 8/27/2001 8:16:30 PM From: Razorbak Respond to of 206325 "Transocean Sedco Forex Confirms Jackup Trident 8 Crew Safely Evacuated and Rig Secured Following Incident of Community Unrest in Nigeria"Monday August 27, 6:01 pm Eastern Time Press Release SOURCE: Transocean Sedco Forex HOUSTON--(BUSINESS WIRE)--Aug. 27, 2001--Transocean Sedco Forex Inc. (NYSE:RIG - news) today said that an action by a local community group in Nigeria against its jackup drilling rig Trident 8 and the rig's crew ended safely today with the evacuation of all rig personnel on board to Port Harcourt, Nigeria, and the withdrawal of the activists. The incident apparently involved a dispute between the activist group and Shell Petroleum Development Corporation (Shell), who has the Trident 8 under contract. The activists boarded a Shell production platform and the nearby Trident 8 late in the evening on Thursday, August 23, approximately 10 miles offshore Nigeria. The Trident 8 crewmembers, who were not harmed, were confined to their quarters until their evacuation by helicopter early this morning. The Trident 8 has been secured and remains under contract on location offshore Nigeria. Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor with more than 170 full or partially owned, chartered and managed mobile offshore drilling units, inland barges and other assets utilized in the support of offshore drilling activities worldwide. The company's mobile offshore drilling fleet is considered one of the most modern and versatile in the world with 32 high-specification semisubmersible rigs and drillships, including one semisubmersible rig in the final stages of construction, 32 other semisubmersible rigs and drillships and 55 jackup drilling rigs. 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. With a current equity market capitalization of approximately $9.6 billion, the company's ordinary shares are listed on the New York Stock Exchange under the symbol ``RIG.'' -------------------------------------------------------------------------------- Contact: Transocean Sedco Forex, Houston Analyst Contact: Jeffrey L. Chastain, 713/232-7551 or Media Contact: Guy A. Cantwell, 713/232-7647 biz.yahoo.com