GlobalSantaFe's Worldwide Score Up 2.4%

GlobalSantaFe reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for September 2007 increased 2.4%, to 139.0 from the previous month's SCORE of 135.8.

GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle.

In the 1980-1981 period, when SCORE averaged 100%, new contract dayrates equaled the sum of daily cash operating costs plus approximately $700 per day per million dollars invested.

In addition to a worldwide SCORE covering key types of competitive offshore drilling rigs in key drilling markets, a separate SCORE is calculated for certain types of rigs and certain regions to indicate the relative condition of rig markets.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
 
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
 
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours