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Offshore News GOM Softness Drives GLM Score Down Global Marine reported that the com- pany's worldwide SCORE, or Summary of Current Offshore Rig Economics, for August 2001 decreased by 3.2 percent from the previous month's SCORE. Global Marine Chairman, president and CEO Bob Rose said, "This month's SCORE report, which reflects August activity levels, shows the worldwide SCORE down slightly as softening Gulf of Mexico dayrates overshadowed the continued strength of international off- shore rig markets." Global Marine'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, when speculative new rig construction was common. In the 1980-1981 period, when Global Marine's SCORE averaged 100 percent, new contract dayrates equalled the sum of daily cash operating costs plus approximately $700 per day per million dollars invested. In addition to a world- wide 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. Willbros Purchases Barge For W. Africa Work Willbros Group Inc. subsidiary, Will- bros West Africa Inc., has added to its available offshore fleet with the comple- tion of the purchase and refitting of the WB 82. The WB 82 is a 100-ton der- rick/work barge, measuring 256 ft. (78.8 m), with an eight-point anchor system and accommodations for up to 135 per- sons. The WB 82 will join the WB 318 combination derrick/lay barge and the M/V Eros support vessel in providing comprehensive construction services to the Nigerian offshore market, with the current backlog assignment expected to last through the second quarter of 2002. Michael F. Curran, president and COO, said, "This addition to our fleet of marine equipment will allow us to be even more responsive to the market for marine hook-up, rehabilitation and lift services in the shallow waters offshore Nigeria, a country where we have been active since 1962." Saibos Lands $230M Contract Saibos CML, an equally owned sub- sidiary of Bouygues Offshore and Saipem SpA, has been awarded a con- tract for the Kizomba A Development Project in Angola for an approximately total amount of $230 million (Bouygues Offshore's share: approximately $115 million). Esso Exploration Angola (Block 15) Limited (Esso), a subsidiary of Exxon Mobil Corporation, is the operator (40 percent). Other participants include BP Exploration (Angola) Limited (26.6 per- cent); Agip Exploration Angola B.V. (20 percent); and Statoil (13.3 percent). Sonangol is the concessionaire. The three-year contract covers: Engi- neering, procurement, construction and installation of flowlines for fluid trans- fer and an umbilical from the FPSO to supply the TLP (Tension Leg Platform) with electricity; Engineering, procure- ment, construction and installation of the crude offloading system, comprising a CALM buoy and two rigid lines; Pro- curement, fabrication, pre-installation and connection of the 15 FPSO anchors; Installation of the subsea manifolds and umbilicals; and, Engineering, procure- ment, construction and installation of the risers and subsea injection lines. Winches Send for our catalogue for full details! MeamarWinches 1051 Clinton Street, Buffalo, New York, U.S.A. 14206 Toll Free: Tel: 1-877-884-8118 • Fax: 1-877-569-9909 web site: www.jeamar.com • Email: sales@jeamar.com Jeamar's State-Of-The-Art Heavy Duty Hauling and Lifting Winches Jeamar has been supplying heavy duty winches to industries all over the world for well over twenty-five years Our winches are precision engineered to the highest International Standards and are backed by a (earn of winch pro- fessionals who provide expert before and after sales service. We have a vast range of standard winches available, but if your application calls for something different or special, we will design and manufacture to your requirements. Numerous options are available, grooved drums, free spooling, multi -rope drums, pressure rollers, controls, limit switches and many more. For heavy duty pushing, pulling or lifting, gixe us a call. Circle 270 on Reader Service Card or visit www.maritimereporterinfo.com SO GET A GRIP!! A PILGRIM NUT® will provide the Interference Fit and Frictional Grip on your rudder stock as required for proper installation, as specified by Lloyds and other classification societies. MAPECO PRODUCTS 91 Willenbrock Road Unit B4 Oxford, CT 06478 Phone: (203) 267-5712 Fax: (203) 267-5716 email: sales@wk-mapeco.com Call For Details! Pilgrim Nut on Rudder Stock on the MA/ "Lopez- Pilgrim Nut locations on typical rudder assembly. Circle 335 on Reader Service Card or visit www.maritimereporterinfo.com 20 Maritime Reporter & Engineering News "Extra Heavy Duty"
