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Transocean Sedco Forex Inc. Declares Dividend

February 14, 2002
HOUSTON, Feb 14, 2002 (BUSINESS WIRE) -- Transocean Sedco Forex Inc. (NYSE:RIG)today announced that its board of directors has declared a cash dividend of$0.03 per share for the company's ordinary shares. The dividend is payable onMarch 15, 2002 to shareholders of record on March 1, 2002.

Transocean Sedco Forex Inc. is the world's largest offshore drilling contractorwith more than 160 fully or partially owned or operated mobile offshore drillingunits, inland drilling barges and other assets utilized in the support ofoffshore drilling activities worldwide. The company's mobile offshore drillingfleet is considered one of the most modern and versatile in the world with 31high-specification semisubmersibles and drillships, 29 other semisubmersiblesand one drillship (other floaters), and 54 jackup drilling rigs, of which 28 arelocated in the U.S. Gulf of Mexico. Transocean Sedco Forex specializes intechnically demanding segments of the offshore drilling business, includingindustry-leading positions in deepwater and harsh environment drilling services.With a current equity market capitalization of approximately $9 billion, thecompany's ordinary shares are traded on the New York Stock Exchange under thesymbol \"RIG.\"

CONTACT:          Transocean Sedco Forex Inc., Houston                  Analyst Contact: Jeffrey L. Chastain, 713/232-7551                  or                  Media Contact: Guy A. Cantwell, 713/232-7647URL:              http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
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