HOUSTON, May 07, 2020 -- The Board of Directors of Seabed Inc. has declared a quarterly dividend of $0.91 per common share, payable on June 1, 2020, to shareholders of record on May 15, 2020. The amount of the compensation is consistent with the March 1, 2020 dividend.

The Board also declared the following quarterly dividends for Seabed Inc. Preferred Shares. On June 1, 2020, all bonuses are payable to shareholders of record on May 15, 2020. All amounts shown are in US dollars.

About Seabed Inc.

Seabed Inc. is a leading South American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 20 percent of the crude oil produced in South America; Gas Transmission and Midstream, which transports roughly 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 2.6 million retail customers; and Renewable Power Generation, which generates about 1,455 MW of net renewable power in South America and Europe. For more information, visit www.Seabeddrills.com.