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Re: JoeSmith post# 80209

Monday, 10/13/2008 3:36:20 PM

Monday, October 13, 2008 3:36:20 PM

Post# of 107353
"The utilization rate for our offshore equipment, including ROVs, is at the highest levels since Hurricanes Katrina and Rita. The latest MMS damage assessment report indicates that the number of platforms destroyed by the 2008 Hurricanes is at 49, which is more than were destroyed by Hurricane Katrina," Merrill concluded.

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