Profile - Global Marine Inc. The Company's three lines of business consist of contract drilling, drilling management services and oil and gas. The Company's contract drilling business provides fully manned, mobile offshore drilling rigs to oil and gas operators on a daily-rate basis, which is also referred to as day rate drilling. The drilling management services business, or turnkey drilling, designs, develops and executes specific offshore drilling programs, and delivers a logged or loggable hole to an agreed depth for a guaranteed price. The Company's oil and gas business participates in exploration and production activities.
Revenues reflect increased average rig utilization and dayrates for contract drilling.
Earnings also benefitted from lower compensation expenses and lower interest expenses. All Rights Reserved. Privacy Policy - Terms of Service Company information Copyright Market Guide . Data and information is provided for informational purposes only, and is not intended for trading purposes.