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READING & BATES RECEIVES AWARD

 HOUSTON, June 2 /PRNewswire/ -- Reading & Bates Corporation (NYSE: RB) announced today that it has recently received an award for its jackup ROGER W. MOWELL for work in the Mediterranean area. With this award, all Reading & Bates drilling rigs are contracted and are either working or preparing to commence work in the immediate future.
 The Reading & Bates' drilling fleet should continue to enjoy higher than average utilization rates through 1993 as a result of its worldwide diversification and emphasis on quality service to its customers.
 Reading & Bates is a New York Stock Exchange listed company, engaging in offshore drilling throughout the world.
 -0- 6/2/93
 /CONTACT: T.W. Nagle of Reading & Bates, 713-496-5000/
 (RB)


CO: Reading & Bates Corporation ST: Texas IN: OIL SU: CON

PS -- NY041 -- 4438 06/02/93 11:55 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 2, 1993
Words:133
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