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    Global's SCORE reflects better rates for semis

    News // June 29, 2001
    Houston-based offshore drilling contractor Global Marine reports that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for May 2001 increased by 2.1 per cent from the previous month's SCORE, marking the 21stconsecutive month-to-month increase for the indicator. Global Marine Chairman, President and CEO Bob Rose said, "Continued spending by the majors this year has tightened utilisation of semis to the point that day-rates have been bid up to levels not seenin more than two years."

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