NEW YORK, April 5 Transocean Ltd RIGN.VX said
on Tuesday that its senior managers are donating their 2010
safety bonuses to a memorial fund to help the families of the
11 workers killed in the explosion of its Deepwater Horizon
rig, which caused the BP (BP.L) oil spill.
The donations -- being made by the company's chief
executive officer, chief financial officer and three other
executive vice presidents -- will exceed $250,000. The company
said more than $1.6 million has so far been distributed by the
Deepwater Horizon Memorial Fund.
BP was leasing Transocean's rig when it exploded, killing
11 workers and rupturing BP's underwater Macondo well.
(Reporting by Martinne Geller; Editing by Gary Hill)