Global Marine SCORE shows improvement in rig market
Global Marine Inc. on Monday said that its worldwide summary of current offshore rig economics (SCORE) was up 1.6% for April to 27.5% vs. the 27.1% recorded for March. The level of drilling rig activity is still down compared with years past, however. The April 2000 SCORE is down 6.3% from April 1999 and 27.8% from the same time 5 years ago. Still, the rise reflects continued improvement in all major markets, said Global Marine Chairman Bob Rose.