Glomar Jack Ryan To Undergo Final Outfitting in Galveston

Global Marine has awarded FirstWave/Newpark the contract for final commissioning of the newbuild drillship Glomar Jack Ryan. The rig is due to arrive at the East Pelican Island facility in Galveston in early September. The Glomar Jack Ryan is a dynamically positioned drillship capable of working in water depths up to 8,000 feet. The rig is under contract to ExxonMobil through the third quarter of 2003.