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SONAT OFFSHORE DRILLING DECLARES DIVIDEND

 HOUSTON, Oct. 29 /PRNewswire/ -- William C. O'Malley, chairman and chief executive officer of Sonat Offshore Drilling Inc. (NYSE: RIG), today announced that a regular quarterly dividend of $0.06 per share has been declared for Sonat Offshore Drilling's common stock.
 The dividend is payable Nov. 29, 1993, to stockholders of record on Nov. 12, 1993. This is the first quarterly dividend declared on the company's common stock.
 Sonat Offshore Drilling is a worldwide offshore drilling company engaged in contract drilling of oil and gas wells. Headquartered in Houston, the company has set deep-water drilling records, and is recognized as an industry leader in deep-water, harsh-environment and turnkey drilling.
 -0- 10/29/93
 /CONTACT: A. Laine Powell of Sonat Offshore Drilling, 713-871-7500/
 (RIG)


CO: Sonat Offshore Drilling Inc. ST: Texas IN: OIL SU: DIV

BN-BL -- AT009 -- 8540 10/29/93 12:53 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:142
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