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World demand for jack ups and deepwater rigs continues to swell.(Brief Article)

The Oil and Gas Journal

| September 22, 1997 | COPYRIGHT 2003 PennWell Publishing Corp. (Hide copyright information)Copyright

World demand for jack ups and deepwater rigs continues to swell (see related articles beginning on p. 45)

Global Marine's (Glomar) August summary of current offshore rig economics (Score) registered a 1-month increase of 0.5% to 65.3 vs. 64.96 for July (for an explanation of Score, see OGJ, Nov. 25, 1997, p. 26).

"The continuing improvements in offshore rig markets over the past 3 years have resulted in a steady increase in day rates worldwide as the number of rigs available …

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