READING & BATES CORP
8-K, 1994-02-01
DRILLING OIL & GAS WELLS
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                    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 1, 1994


                        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 1, 1994

                                 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
                                     Vice President & Chief Financial Officer 

Dated:  February 1, 1994             


                                             Exhibit 99

For additional information, please contact:  Mr. Charles R. Ofner
                                     (713) 496-5000

   February 1, 1994, Houston, Texas....Reading & Bates

Corporation(RB-NYSE) announced today that its wholly

owned subsidiary, Reading & Bates Drilling Co., has received

ISO 9001 certification of its Quality Management System by

A.B.S. Quality Evaluations.  

   The Chairman of the Board of Reading & Bates Corporation,

Paul B. Loyd, Jr., stated securing this certification

represents a significant milestone in advancing the Company's

commitment to providing its clients with ever improving

quality drilling services, operational excellence and

innovative technology.

   Reading & Bates is a New York Stock Exchange listed

company, engaging in offshore drilling throughout the world. 

Its wholly owned subsidiary, Reading & Bates Development Co.,

provides technical, construction and project management

services to the upstream offshore oil and gas industry

worldwide.




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