| | Business Summary | | Global
Marine
Inc.
is
a
holding
company
that
conducts
its
operations
through
its
wholly
owned
subsidiaries,
Global
Marine
Drilling
Company,
Global
Marine
International
Drilling
Corporation,
Challenger
Minerals
Inc.,
Applied
Drilling
Technology
Inc.
and
Global
Marine
Integrated
Services
-
Europe,
a
division
of
one
of
the
Company's
foreign
subsidiaries.
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. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Global
Marine
Inc.
provides
offshore
drilling
services
on
a
dayrate
basis
and
offshore
drilling
management
services
on
a
dayrate
or
turnkey
basis.
For
the
six
months
ended
6/30/01,
revenues
increased
50%
to
$651.2
million.
Net
income
totaled
$125
million,
up
from
$40.7
million.
Revenues
reflect
the
significant
contribution
and
strong
performance
of
two
new
ultra-deepwater
drillships.
Earnings
also
benefitted
from
increased
average
fleet
utilization
percentage. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Rose, 62
Chairman,
CEO and Pres | $1.4M | -- | W. Matt Ralls, 51
CFO,
Sr. VP, Treasurer | 434K | -- | Douglas Vrooman, 50
Pres
of Applied Drilling Technology Inc. | 419K | -- | Marion Woolie, 46
Pres
of Global Marine Drilling Company | 434K | $156K | Jon Marshall, 49
COO,
Exec. VP | 612K | 626K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/g/glm.gif)