Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    GlobalSantaFe's SCORE in Gulf of Mexico declines

    News // March 28, 2002
    Houston-based drilling contractor GlobalSantaFe has reported that its worldwide SCORE, or Summary of Current Offshore Rig Economics, for February 2002 was down from the previous month's SCORE by 1.1 per cent.

    GlobalSantaFe President and CEO Sted Garber said: "Declines in the Gulf of Mexico SCORE have slowed considerably and the international SCORE remains near its highest level since early 1999".

    "The improving US economy, which has strengthened US natural gas prices, bodes well for the outlook in the Gulf of Mexico jack-up market - the source of significant weakness over the last six to eight months."

    More articles from this category

    More news