Offshore staff

Parker Drilling Co. has agreed to sell barge rgs 73 and 75 to Shell Petroleum Development Corp. of Nigeria Ltd. for $46 million.

The deal is expected to be concluded this month

"This sale is another positive step in our strategic plan to optimize returns on our asset base and to focus on core strategic markets. Going forward, it will also better position us for long-term consistent profitability," said Robert L. Parker Jr., chairman, president and chief executive officer.

6-12-06