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Diamond Offshore Drilling Inc. Declares Cash Dividend.


Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Oct. 16, 2002

Diamond Offshore Drilling Diamond Offshore Drilling, Inc. is a deepwater drilling contractor which provides drilling services to the energy industry. The company's headquarters are located in Houston, Texas, but they have offices in Louisiana, Africa, Australia, Brazil, Indonesia, Scotland, Singapore, and  Inc. (NYSE NYSE

See: New York Stock Exchange
:DO) today announced that the Board of Directors declared a cash dividend of $0.125 per common share payable Dec. 2, 2002 to stockholders of record on Nov. 1, 2002.

Diamond Offshore is a leader in deep water drilling. The Company's fleet of 45 offshore drilling Offshore drilling typically refers to the act of extracting resources, primarily oil, in an ocean or lake. Controversy
As with all oil drilling, there has been a certain level of controversy surrounding the issue.
 rigs consists of 30 semisubmersibles, 14 jack-ups and one drillship
See also: Drill ship

A drillship is a maritime vessel that has been fitted with drilling apparatus. It is most often used for exploratory drilling of new oil or gas wells in deep water but can also be used for scientific drilling.
. The fleet operates in the waters of six of the world's seven continents.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 16, 2002
Words:83
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