ROV NEWS: North Sea rig market worsens
Posted on 16.12.2003 - 07:58 EST in OFFSHORE NEWS by Rons_ROV_Links
global economy for mobile rigs contracted by 3.5 percent, leading drilling contractor GlobalSantaFe reported Tuesday.
The company noted a 7.5-percent decline in the North Sea, where the five-year decline revealed a plummet of 42.2 percent.
The company’s SCORE, or Summary of Current Economic Offshore Rig Economics, is deduced by comparing day rates per million
dollars of investment with rates during a peak period in 1980 and 1981.
Rig deployment in South East Asia showed the best overall health, with 3.9-percent growth from October.
OilPort.net - December 16, 2003