0000899243-01-501646.txt : 20011119
0000899243-01-501646.hdr.sgml : 20011119
ACCESSION NUMBER: 0000899243-01-501646
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011106
ITEM INFORMATION: Financial statements and exhibits
ITEM INFORMATION:
FILED AS OF DATE: 20011106
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GLOBAL MARINE INC
CENTRAL INDEX KEY: 0000041850
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 951849298
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05471
FILM NUMBER: 1775564
BUSINESS ADDRESS:
STREET 1: 777 N ELDRIDGE RD
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 2815965100
FORMER COMPANY:
FORMER CONFORMED NAME: GLOBAL MARINE EXPLORATION CO
DATE OF NAME CHANGE: 19670629
8-K
1
d8k.txt
FORM 8-K
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 6, 2001
(November 6, 2001)
GLOBAL MARINE INC.
(Exact name of registrant as specified in charter)
Delaware 1-5471 95-1849298
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
777 N. Eldridge Parkway, Houston, Texas 77079-4493
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (281) 596-5100
================================================================================
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Global Marine Fleet Status as of November 6, 2001.
ITEM 9. REGULATION FD DISCLOSURE
Once during the first half of each calendar month and until further notice,
Global Marine Inc. publishes a list containing information about the status of
each rig in its offshore drilling rig fleet. The list includes each rig's rated
water depth, design, location, and contract status, including information
regarding the dayrate being earned by the rig. Information in the list for
November 2001 is as of November 6, 2001. The list is included as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by reference.
The information furnished pursuant to this Item 9, including Exhibit 99.1, shall
not be deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GLOBAL MARINE INC.
Date: November 6, 2001 By: /s/ Michael R. Dawson
-------------------------------
Michael R. Dawson
Vice President, Investor Relations
and Corporate Communications
INDEX TO EXHIBITS
Exhibit
Number Description
------ -----------
99.1 Global Marine Fleet Status as of November 6, 2001.
EX-99.1
3
dex991.txt
FLEET STATUS
EXHIBIT 99.1
GLOBAL MARINE FLEET STATUS
as of 11.6.01
ADDITIONAL
RATED DAYRATE COMMITMENTS
WATER START ESTIMATED (IN AND OTHER
RIG NAME DEPTH RIG DESIGN LOCATION STATUS DATE END DATE THOUSANDS) INFORMATION*
------------------------------------------------------------------------------------------------------------------------------------
JACKUPS
------------------------------------------------------------------------------------------------------------------------------------
Glomar High Island I 250' MLT82-SD-C Gulf of Contracted late late high $10s
Mexico Oct 01 Nov 01
Glomar High Island II 270' MLT82-SD-C Gulf of Contracted mid mid mid $20s
Mexico Oct 01 Dec 01
Glomar High Island III 250' MLT82-SD-C Gulf of Contracted late late high $10s
Mexico Oct 01 Nov 01
Glomar High Island IV 250' MLT82-SD-C Gulf of Shipyard early mid Following
Mexico Oct 01 Nov 01 upgrade
completion
rig is
available
Glomar High Island V 270' MLT82-SD-C Cameroon Contracted mid mid high $60s Followed by
Sep 01 Jan 02 3-month
contract in
low $60s;
followed by
2-month
commitment
in mid $60s
Glomar High Island VII 250' MLT82-SD-C Cameroon Contracted mid mid low $60s
Jun 01 Dec 01
Glomar High Island VIII 250' MLT82-SD-C Gulf of Contracted mid early high $30s
Mexico Sep 01 Dec 01
Glomar High Island IX 250' MLT82-SD-C Nigeria Contracted early early high $50s Followed by
Jul 01 Jan 02 6-month
contract in
low $60s
Glomar Main Pass I 300' F&GL780-II Gulf of Contracted mid early low $60s
Mexico Jun 01 Feb 02
Glomar Main Pass IV 300' F&GL780-II Gulf of Contracted early early low $40s
Mexico Aug 01 Nov 01
Glomar Adriatic I 300' MLT116-C Gabon Contracted late late high $70s Followed by
Oct 01 Nov 01 available
for
4-months;
followed by
2-month
upgrade;
followed by
2-year
commitment
in low $70s
Glomar Adriatic II 328' MLT116-C Gulf of Contracted mid early mid $50s
Mexico Aug 01 Jan 02
Glomar Adriatic III 328' MLT116-C Gulf of Contracted late early low $60s Followed by
Mexico Jul 01 Nov 01 available
for 1-month;
followed by
3-month
commitment
in Trinidad
in mid $40s
Glomar Adriatic IV 328' MLT116-C Gulf of Contracted late early mid $50s
Mexico Jul 01 Jan 02
Glomar Adriatic V 300' MLT116-C Nigeria Contracted early early high $60s
Oct 01 Apr 02
Glomar Adriatic VI 225' MLT116-C UK North Contracted early early mid $50s
Sea Aug 01 Feb 02
Glomar Adriatic VII 328' MLT116-C Trinidad Contracted mid mid high $40s
Sep 01 May 02
Glomar Adriatic VIII 328' MLT116-C Nigeria Contracted early early high $60s
Oct 01 Apr 02
Glomar Adriatic IX 328' MLT116-C Nigeria Contracted mid mid high $70s Followed by
Aug 01 Nov 01 1-month
contract in
mid $70's;
followed by
2-month
commitment
in low $70s;
followed by
4-month
contract in
low $70s
Glomar Adriatic X 328' MLT116-C Gulf of Contracted late early high $40s
Mexico Oct 01 Nov 01
Glomar Adriatic XI 225' MLT116-C UK North Contracted late mid low $50s Followed by
Sea Sep 01 Jan 02 2-month
contract in
mid $50s;
followed by
2-month
commitment
in low $60s
Glomar Baltic I 375' MLT SUPER300 Trinidad Contracted mid mid high $70s Followed by
Sep 01 Mar 02 1-month
mobilization
to Nigeria;
followed by
2-year
commitment
in mid $70s
Glomar Labrador I 300' CFEMT-2000-C Trinidad Contracted mid mid high $50s
Oct 01 Apr 02
------------------------------------------------------------------------------------------------------------------------------------
SEMISUBMERSIBLES
------------------------------------------------------------------------------------------------------------------------------------
Glomar Arctic I 3,400' F&GL-907 Gulf of Contracted late early high $130s
Mexico Jun 01 Jul 02
Maersk Jutlander 1,200' F&GL-907 Norway Contracted mid mid mid $120s
Sep 01 Mar 02
Glomar Arctic III 1,800' F&GL-907 UK North Contracted early early mid $50s
Sea Oct 01 Jun 02
Glomar Arctic IV 1,800' F&GL-907 UK North Contracted early early mid $60s
Sea Mar 01 Mar 02
Glomar Celtic Sea 5,750' F&GL-907 Gulf of Contracted early mid low $130s Followed by
Mexico Nov 01 Dec 01 2-month
commitment
in mid $120s
Glomar Grand Banks 1,500' AKER H-3.2 UK North Contracted late mid high $80s Followed by
Sea Aug 01 Jan 02 3 1/2-month
commitment
in high $70s
------------------------------------------------------------------------------------------------------------------------------------
DRILLSHIPS
------------------------------------------------------------------------------------------------------------------------------------
Glomar C.R. Luigs 9,000' GMDC Gulf of Contracted late early mid $210s Under
Mexico Jul 01 Jan 02 contract to
mid 2003
Glomar Explorer 7,800' GMDC Gulf of Contracted mid late high $150s Under
Mexico Feb 01 Oct 03 contract to
late 2003
Glomar Jack Ryan 8,000' GMDC Gulf of Contracted early late low $220s Under
Mexico Jun 01 Dec 03 contract to
late 2003
Glomar R.F. Bauer 2,750' GMDC Nigeria Contracted early early high $80s
Oct 01 Feb 02
------------------------------------------------------------------------------------------------------------------------------------
* Customer commitments referred to in this column are evidenced by formal
contracts only when so noted. There is no implication or guarantee that
present commitments not yet evidenced by contracts will result in contracts or
that such contracts will be on terms identical to the commitments. In
addition, the duration of commitments and contracts indicated in this column
is, in some cases, an estimate based on the number of wells to be drilled
pursuant to such commitments and contracts.