Seacor, Nabors to form new company

July 2, 2007
Seacor Holdings Inc. and Nabors Industries Ltd. have agreed to form a new company to own and operate a fleet of 20 (19 US flag, 1 foreign flag) offshore support vessels currently owned by a Nabors affiliate.

Offshore staff

FORT LAUDERDALE, Florida -- Seacor Holdings Inc. and Nabors Industries Ltd. have agreed to form a new company to own and operate a fleet of 20 (19 US flag, 1 foreign flag) offshore support vessels currently owned by a Nabors affiliate.

Seacor subsidiary Sea Mar Offshore Llc. will own a majority of the new company.

The transaction is expected to close by July 13.

7/2/2007