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GlobalSantaFe Updates Customs Investigation

    HOUSTON, Nov. 26 /PRNewswire-FirstCall/ -- GlobalSantaFe Corporation
 ( GSF) announced that it received a subpoena from the U.S. Securities
 and Exchange Commission (SEC) today seeking documents related to the
 company's ongoing internal investigation.
 
     The SEC advised GlobalSantaFe that it has issued a formal order of
 investigation in connection with the matter. The company's cooperation with
 the SEC and the U.S. Department of Justice is ongoing.
 
     About GlobalSantaFe
 
     GlobalSantaFe is one of the largest offshore oil and gas drilling
 contractors and the leading provider of drilling management services
 worldwide. The company owns or operates a contract drilling fleet of 37
 premium jackup rigs; six heavy-duty, harsh environment jackups; 11
 semisubmersibles and three dynamically positioned, ultra-deepwater
 drillships, as well as two semisubmersibles owned by third parties and
 operated under a joint venture agreement. In addition, it is scheduled to
 take delivery of a new ultra-deepwater semisubmersible in 2009 and a new
 ultra-deepwater drillship in 2010. For more information about
 GlobalSantaFe, go to http://www.globalsantafe.com.
 
 
Contact Information Investors: Media: Richard Hoffman Jeff Awalt 281-925-6441 281-925-6448

SOURCE GlobalSantaFe Corporation