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READING & BATES ANNOUNCES DRILLING MILESTONE

 HOUSTON, April 1 /PRNewswire/ -- Reading & Bates Corporation (NYSE: RB) announced today that the jack-up drilling unit SONNY VOSS, currently working offshore Abu Dhabi, achieved the milestone of five years without a lost time accident during March 1993. The company is proud of the dedication and commitment of the employees who have made this record possible.
 Reading & Bates has been an industry leader in its commitment to the safety of its employees, and as a result has consistently been one of the safest of the large international contractors. In addition to having placed first in the 1991 Class A, International category of the IADC safety rankings, the company has placed first, second or third every year but one since 1985.
 In addition to the SONNY VOSS's outstanding five year safety record, the JACK BATES (ex ZANE BARNES), the D.K. McINTOSH and the JIM CUNNINGHAM each have over four years without a lost time accident. Reading & Bates also has one rig with over three years without a lost time accident, two rigs with more than two years and four rigs with more than one year without a lost time accident.
 Reading & Bates is a New York Stock Exchange listed company, engaging in offshore drilling throughout the world.
 -0- 4/1/93
 /CONTACT: T.W. Nagle of Reading & Bates, 713-496-5000/
 (RB)


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

WB -- NY076 -- 2071 04/01/93 13:31 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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