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    GlobalSantaFe's worldwide SCORE remains flat

    News // March 1, 2002
    Houston-based GlobalSantaFe has reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for January 2002 was down from the previous month's SCORE by 0.2 per cent.

    GlobalSantaFe President and CEO Sted Garber said: "The worldwide SCORE showed little change from the previous month. Rig supply and demand remain in balance in the key international markets and day rates show signs of leveling out in the Gulf of Mexico.However, despite increasing drilling activity internationally, excess rig capacity in the Gulf of Mexico could result in near-term day rate softness in West Africa as rigs in this region may end up competing with rigs mobilizing from the Gulf."

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