-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FztyLVpMHREJQhs2Iscio4XVEYcdY/D8rur/F4ThW+n7CpUn5iFBT0DmsXFumGbv U7ub+As0MyWKL7XO1Ha6ng== 0000082329-96-000006.txt : 19960206 0000082329-96-000006.hdr.sgml : 19960206 ACCESSION NUMBER: 0000082329-96-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960205 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960205 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: READING & BATES CORP CENTRAL INDEX KEY: 0000082329 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 730642271 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05587 FILM NUMBER: 96511163 BUSINESS ADDRESS: STREET 1: 901 THREADNEEDLE STE 200 CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 7134965000 MAIL ADDRESS: STREET 1: PO BOX 79627 CITY: HOUSTON STATE: TX ZIP: 77279-9627 FORMER COMPANY: FORMER CONFORMED NAME: READING & BATES OFFSHORE DRILLING CO DATE OF NAME CHANGE: 19790531 8-K 1 FORM 8-K DTD 02/05/96 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: February 5, 1996 READING & BATES CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-5587 73-0642271 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 901 Threadneedle, Suite 200, Houston, TX 77079 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 496-5000 Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99 - Press Release dated February 5, 1996 - The Company received from Enron Oil & Gas India Ltd. an 18 month contract for each of the jackup drilling units J. T. ANGEL and HARVEY H. WARD. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned thereunto duly authorized. READING & BATES CORPORATION By /s/T. W. Nagle --------------------------- T. W. Nagle Executive Vice President, Finance and Administration Dated: February 5, 1996 EX-99 2 PRESS RELEASE DATED 02/05/96 EXHIBIT 99 FOR IMMEDIATE RELEASE Contact: Mr. Charles R. Ofner (713) 496-5000 February 5, 1996, Houston, Texas..... Reading & Bates Corporation (RB-NYSE) announced the jackup drilling units J. T. ANGEL and HARVEY H. WARD have been awarded contracts by Enron Oil & Gas India Ltd., on its behalf and on behalf of its partners Oil & Natural Gas Corporation Limited and Reliance Industries Limited, for development drilling programs offshore Bombay, India. Contract term for each of the 300 foot independent leg cantilever units is a firm period of 18 months plus additional option periods of up to 18 months. Total contract value of the firm period for both units is approximately $34.9 million, including mobilization and demobilization fees, with rates for the option periods to be mutually agreed. The J. T. ANGEL and HARVEY H. WARD will be mobilized from Tunisia and Australia, respectively, with the units commencing their contracts upon arrival, both of which are expected in April, 1996. Paul B. Loyd, Jr., the Company's Chairman, President and CEO stated, "We are pleased to have been awarded these long-term contracts by Enron and thus participate in their extensive development project offshore India. These contracts are indicative of the improving worldwide market for premium cantilever jackups, particularly when the low operating cost structure in India is taken into account, and their long terms further reflect the substantial market tightening. Four more of our nine 300 foot cantilever jackups are on relatively short-term contracts, and we thus feel we will be able to continue to take advantage of improving fundamentals in the premium jackup market worldwide." Reading & Bates is a New York Stock Exchange listed company, providing offshore drilling services throughout the world. Its wholly owned subsidiary, Reading & Bates Development Co., provides technical, construction and project management services and floating production systems to the upstream offshore oil and gas industry worldwide. # # # -----END PRIVACY-ENHANCED MESSAGE-----