GlobalSantaFe to Present at the Credit Suisse First Boston 2006 Energy Summit; Web Cast Available

HOUSTON, Jan. 30 /PRNewswire-FirstCall/ -- GlobalSantaFe Corporation's Chief Executive Officer Jon Marshall will present at 10:05 a.m. MST (12:05 p.m. EST) in Vail, Co., on Thursday, Feb. 2, 2006, at the Credit Suisse First Boston 2006 Energy Summit.

Interested parties may listen to the presentation live over the Internet at http://www.globalsantafe.com/ . To listen to the live presentation, please go to the Web site at least 15 minutes early to register and to download and install any necessary audio software. A replay of the presentation will be available shortly after the conclusion of the presentation through GlobalSantaFe's Web site (http://www.globalsantafe.com/ ) until 5 p.m. CST February 16, 2006.

About GlobalSantaFe

GlobalSantaFe is a leading worldwide offshore oil and gas drilling contractor offering a full range of equipment and drilling management services. The company's diverse and technologically advanced fleet of 59 offshore rigs includes premium and heavy-duty, harsh-environment jackups, semisubmersibles, and dynamically positioned ultra-deepwater drillships. The company also operates two semisubmersibles owned by others. GlobalSantaFe is the world's leading provider of turnkey drilling and drilling management services. More information can be found at http://www.globalsantafe.com/ .

Contacts: Investors: Richard Hoffman VP, Investor Relations Tel: [phone] Media: Jeff Awalt Sr. Manager, Corporate Communications Tel: [phone]
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