NYSE: RIG 1.365 0.025 1.8% 11:35 A.M. ET
Share Page Print Page
Back to all news articles

Gulf of Mexico Foundation Welcomes Transocean as a Partner in Its Conservation Endeavors

July 5, 2007

HOUSTON, Jul 05, 2007 (BUSINESS WIRE) -- The Gulf of Mexico Foundation today announced that Transocean, the world's largest offshore drilling contractor, has joined the organization which promotes conservation of the Gulf of Mexico through education, awareness and research. \"The richness of the Gulf's natural resources and its beauty are more susceptible to damage than people realize,\" said Paul Kelly, President of the Gulf of Mexico Foundation. \"However, the outlook for the Gulf is improving as stakeholders from all industries are joining together in an effort to promote sustainability. We are very fortunate to have Transocean as a partner in our endeavors. We are pleased to welcome Bob Long, Chief Executive officer of Transocean Inc., to our CEO Council.\"

Quenton Dokken, Executive Director of the Gulf of Mexico Foundation, adds that Mr. Long has designated Dr. Ian Hudson, Corporate Environmental Advisor, to represent Transocean on the Foundation's Board of Directors. \"Dr. Hudson's expertise in deepwater ecology will be invaluable as the Foundation addresses issues of sustainability of ecosystem functioning and habitat productivity. If we are going to preserve the Gulf of Mexico as a sustainable resource for future generations it is essential that business and industry take a proactive leadership position. We are looking forward to working with Mr. Long, Dr. Hudson, and Transocean.\"

As a major stakeholder in the U.S. Gulf of Mexico, Transocean operates the largest fleet of deepwater and mid-water offshore drilling rigs in the area and has an ongoing commitment to protecting the environment.

\"We are continually seeking to better develop our environmental stewardship, and one of the best ways is to partner with other leading stakeholders such as the Gulf of Mexico Foundation,\" said Mr. Long. \"We look forward to working with everyone involved in the project.\"

Other Gulf of Mexico Foundation partners include BP, ConocoPhillips, Dominion, Rowan and Shell Oil Company.

Gulf of Mexico web site: www.gulfmex.org

Transocean web site: www.deepwater.com; NYSE: RIG

Source: Gulf of Mexico Foundation

Gulf of Mexico Foundation
Laura Bodenheimer, 713-524-5378
Transocean Inc.
Guy Cantwell, 713-232-7647