Enron Mail

From:newsletter@rigzone.com
To:alewis@enron.com
Subject:RIGZONE Industry News
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Date:Tue, 22 Jan 2002 15:06:07 -0800 (PST)


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=09Wednesday January 23, 2002=09[IMAGE] =09=09
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[IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09
[IMAGE]=09=09home | news | search | maps | data | jobs | =
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[IMAGE]=09=09 [IMAGE] [IMAGE] In This Issue [IMAGE] [IMAGE] =
[IMAGE] Current Oil and Gas Industry News T! op Stories for the Past=
7 Days Featured Events and Conferences What's in Store - Books & More =
Featured Employment Opportunities Surplus Oilfield Equipment For Sale World=
wide Offshore Rig Utilization Oil & Gas Prices [IMAGE] [IMAGE] I=
ndustry Headlines [IMAGE] [IMAGE] Tanker Runs Aground In Thailan=
d An oil tanker has run aground in Chon Buri province in the Gulf of Thail=
and and an oil slick is threatening a nearby resort island. [IMAGE] [I=
MAGE] advertisement A National-Oilwell designed, 1992 built modular offsh=
ore drilling rig is available for sale direct from the manufacturer. This =
rig drilled only 5 wells from the Draugen platform in the Norwegian sector =
of the North Sea. Click on the link below for full details, photos and sel=
ler contact information: http://www.rigzone.com/market/surplus_listing.as=
p?eq_id=3D397 Exploration [IMAGE] [IMAGE] [IMAGE] Shel=
l Hits Offshore Nigeria Shell Nigeria has made a significant discovery in =
the deep waters offshore Nigeria. Transocean Puts Two Rigs Back to Work T=
ransocean Sedco Forex Inc. has been awarded contracts for two high-specific=
ation floating drilling rigs and has received a contract extension on a thi=
rd high-specification floating drilling rig. [IMAGE] [IMAGE] Pr=
oduction [IMAGE] [IMAGE] [IMAGE] Bouygues/Saipem Awarded Algerian=
Contract Sonatrach has awarded a joint venture of Saipem and Bouygues a $=
257 million oilfield development project in Algeria. Kerr-McGee Boosts Res=
erves Kerr-McGee Corp. has replaced 490% of its 2001 worldwide production =
of 108 million barrels of oil equivalent (BOE) at an average finding, devel=
opment and acquisition cost of $5.73 per BOE. Unocal Installs Production P=
latform Offshore Indonesia Unocal's Yakin field production platform was in=
stalled using a float over and ballast down technique resulting in a substa=
ntial cost and time savings for Unocal. [IMAGE] [IMAGE] Company =
& Financial News [IMAGE] [IMAGE] [IMAGE] Kongsberg Acquires Stake=
in Seaflex AS Kongsberg Simrad has strengthened its offshore activity by =
signing an agreement with Advanced Product and Loading AS for the acquisiti=
on of its 62% stake in Seaflex NOK 22 million. Pogo Plans Aggressive Capit=
al Program in 2002 Pogo's Board of Directors has approved a $340 million c=
apital and exploration budget for 2002 and has planned an aggressive explor=
ation and drilling schedule. Diamond Offshore Reports 4th Quarter Results =
Diamond Offshore reported a net income of $39.8 million for the fourth qua=
rter of 200! 1, compared to net income of $28.7 million for the fourth quar=
ter of 2000. PGS Sells Subsidiary PGS and Sinochem have entered into an a=
greement for the sale of PGS' Atlantis subsidiary for approximately $215 mi=
llion. [IMAGE] [IMAGE] Last 7 Days Top Stories [IMAGE] [IM=
AGE] [IMAGE] Drilling Operations Halted on West Navion Drilling opera=
tions on the West Navion have been halted for the next 2-3 weeks so the rig=
can undergo an inspection of its derrick. Pemex Increases Exploration Spe=
nding in 2002 Pemex plans to concentrate spending on explortion and produc=
tion projects in 2002. U.S. Approves Deepwater Royalty Relief Gale Norton=
, Secretary of the Interior, announced that oil and gas companies drilling =
in Gulf of Mexico deepwater will be given royalty reductions. Kerr-McGee S=
ells Ecuadorian Assets Kerr-McGee ha! s agreed to sell two oil lease conce=
ssions and its stake in a pipeline project in Ecuador to Perenco. CNOOC Ac=
quires Repsol-YPF's Indonesian Assets CNOOC has acquired Repsol-YPF's Indo=
nesian assets for US $585 million in cash. This acquisition will make CNOO=
C the largest offsohre oil producer in Indonesia. Conoco Focuses on Indone=
sia Conoco expects to spend over $2.5 billion in Indonesia during the ne=
xt nine years, as part of planned investment of $3.4 billion between 1998 a=
nd 2010. CNOOC Jackup Leaves China CNOOC secured the first contract for o=
verseas service as an independent contractor in the international drilling =
market. PGS Awarded $58 Million in New Contracts Petrol! eum Geo-Services=
ASA announced that its onshore division has secured new seismic acquisitio=
n contracts in the United States, Ecuador, India and Bangladesh valued at $=
58 million. Statoil Sells First Oil From Girassol Statoil has sold its fi=
rst load of crude - one million barrels - from the TotalFinaElf-operated Gi=
rassol field offshore Angola. Energy Partners Completes Hall-Houston Acqui=
sition Energy Partners, Ltd. has completed the acquisition of Hall-Houston=
and has elected Gary Hall, HHOC's founder, to the post of Vice-Chairman of=
EPL. Venture To Begin Drilling Program on Sycamore Field Venture Product=
ion will start drilling in May of this year at its Sycamore field in the UK=
Sector of the North Sea. CNOOC Announces 2002 Strategy In 2002, CNOOC w=
ill continue to focus on growing production, executing development plans an=
d adding reserves through exploration. [IMAGE] [IMAGE] Upcoming =
Oil & Gas Industry Events [IMAGE] ! [IMAGE] [IMAGE] Feb. 6 To=
rch Mid-Winter Energy Conference New York Feb. 7 Marine Construction 2=
002 Houston Feb. 10 2002 SPE International Petroleum Conference & Exhib=
ition in Mexico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference =
and Exhibition Dallas Feb. 26 Offshore Oil and Gas Safety Seminars Ab=
erdeen Feb. 27 Human Resources in Oil & Gas Aberdeen Mar. 10 AAPG An=
nual Meeting Houston Mar. 20 LNG North America Houston Apr. 9 2002=
SPE/ICoTA Coiled Tubing Conference and Exhibition Houston May. 6 Offs=
hore Technology Conference 2002 Houston list your conference view upcomi=
ng events [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Horizon Offsho=
re Global Completion Service HoverDril Baker Hughes [IMAGE] [IMAGE] =
promote your company [IMAGE] [IMAGE] [IMAGE] Well Engineering and =
Construction on CD [IMAGE] [IMAGE] Practical Well Control, 4th Ed. [IMAG=
E] [IMAGE] Reservoir Seismology: Geophysics in N! ontechnical Language [I=
MAGE] [IMAGE] [IMAGE] more products [IMAGE] [IMAGE] [IMAGE] fe=
atured equipment: Ambar Marine 26' Fast Rescue Boats [IMAGE] Cabot 200 D=
rilling and Workover Rig [IMAGE][IMAGE][IMAGE] more equipment [IMAGE=
] [IMAGE] featured jobs: - Safety & Regulatory Compliance Specialist - =
Slickline Engineer - Process/Mechanical Engineer more hot jobs << feat=
ured candidates: - Exp. Drlg. Consultant - Talented Training Superv! isor=
- Naval Engineer and Project Manager search for candidates << [IMAGE]=
[IMAGE] [IMAGE] [IMAGE] Drillships: To 5000': 50.0% (7/14) +500=
0': 92.0% (23/25) Semisubs: 2nd Gen: 68.5% (50/73) 3rd Gen: 86.0% (=
43/50) 4th Gen: 100.0% (38/38) 5th Gen: 100.0% (7/7) Jackups: To 200'=
: 58.2% (39/67) 200' MC: 58.3% (14/24) 200' MS: 14.3% (3/21) 300' IC=
: 87.5% (84/96) +300' IC: 88.9% (48/54) Severe Env.: 81.0% (17/21) [=
IMAGE] [IMAGE] view complete utilization report [IMAGE] [IMAGE] =
Light Crude Oil: $18.34/BBL (1.89%) Brent Crude Oil: $18.74/BBL (1.57%)=
Natural Gas: $2.12/MMBtu (-4.93%) Unleaded Gasoline: $0.55/gal (3.77%)=
prices from: 1/22/2002 change since: 1/21/2002 [IMAGE] [IMAGE] [IM=
AGE] [IMAGE] [IMAGE] Promotional Opportunities Become a Sponsor, =
feature your job opening or, advertise your upcoming industry conference. =
Click here for more information, send your press release to info@rigzone=
.com or call us at 281-345-4040. Member Services If you no longer wish t=
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