Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: upanddown who wrote (36752)	2/4/1999 4:26:00 PM
From: mc	Read Replies (1) of 95453

<<I hear there are some jackups bid in the Gulf at 9500/day -- folks, that is about 3000-4000 below direct operating cost.>> John, I'm a little curious what you mean by "direct operating cost." It must be higher than the variable costs which means it is still more beneficial than keeping the rig idle. Otherwise they just wouldn't lease it out, right? Gary

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