GlobaSantaFe Semisub SCORE Reaches 18-Month Low



GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for September 2002 was down from the previous month's SCORE by 1.4 percent.

GlobalSantaFe President and CEO Sted Garber said, "The Gulf of Mexico SCORE reversed from last month's dip. New, higher semisubmersible dayrates contributed to the area's improvement in September. The weakening North Sea semisubmersible market overshadowed the Gulf's gains, however, bringing the SCORE for worldwide semisubmersible drilling rigs to its lowest point in 18 months."