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    GlobalSantaFe SCORE shows improvement in Gulf of Mexico

    News // August 30, 2002
    GlobalSantaFe Corporation has reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for July 2002 was up from the previous month's SCORE by 1.7 per cent.

    GlobalSantaFe President and CEO Sted Garber said, "This month's SCORE showed real improvement in the Gulf of Mexico offshore rig market during July, as the supply for certain classes of jack-up rigs in this region tightened and forced day-rates higher. Internationally, the North Sea rig market showed signs of expected weakness, as oil and gas companies there scaled back their drilling programs, causing lower demand for rigs and lower day-rates."

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