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: January 17, 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 January 17, 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: January 17, 1994
EXHIBIT 99
For additional information, please contact: Mr. Charles R. Ofner
(713) 496-5000
January 17, 1994, Houston, Texas...Reading & Bates
Corporation (RB-NYSE) announced today that its associated
company in Indonesia, PT Bosara Mulia, has received letters
of intent from BP Exploration Operating Company Ltd. and
INPEX Aceh, Ltd. for the hire of Reading & Bates' fourth
generation semi-submersible JACK BATES for their deep water
drilling programs in Indonesia. The JACK BATES will drill
one well for each operator, and there will be the
possibility of additional wells under the agreements.
Commencement is expected in early May 1994 upon completion
of the unit's mobilization from Malta. Reading & Bates
stated these commitments open a new market for fourth
generation semi-submersibles in the Asia Pacific region,
and several other operators have expressed interest in
utilizing the unit for their deep water programs after the
BP and INPEX wells.
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 to the upstream offshore oil
and gas industry worldwide.
