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To: Grommit who wrote (23405)6/4/1998 12:45:00 PM
From: Czechsinthemail  Read Replies (1) | Respond to of 95453
 
Grommit,

Rig utilization in the Gulf is remaining high in part because companies have been reducing their dayrates to keep rigs operating. I think the big difference between the Gulf and other areas is relatively more rigs competing there and comparatively shorter contracts than internationally.

Baird