Message-ID: <12135954.1075855168861.JavaMail.evans@thyme> Date: Thu, 13 Dec 2001 16:07:12 -0800 (PST) From: newsletter@rigzone.com To: fermis@enron.com Subject: RIGZONE Industry News Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: newsletter@rigzone.com X-To: fermis@enron.com X-cc: X-bcc: X-Folder: \Frank_Ermis_Jan2002_1\Ermis, Frank\Inbox X-Origin: Ermis-F X-FileName: fermis (Non-Privileged).pst Friday December 14, 2001 Schlumberger RIGZONE home | news | search | maps | data | jobs | market | store In This Issue 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 Worldwide Offshore Rig Utilization Oil & Gas Prices Industry Headlines Capitol Hill Demands Explanations from Enron Capitol Hill is demanding explanations on the dramatic collapse of Enron Corp. Norway Announces Blocks to be Included in the 17th Licensing Round Norway's 17th licensing round will include a total of 32 blocks in both deep and shallow water locations. advertisement Feature your surplus oilfield equipment or new products with a photo and banner ad on the Rigzone.com market place home page and receive a free advertisement here in the Rigzone daily newsletter with up to 4 sentences of text. Exploration Second Phase on Keith Field to Begin in 2002 BHP and its partners in the Keith field have agreed to proceed with a second phase of development by drilling a further single sub-sea production well at a cost of US $43 million. OMV Makes Discovery in Libya OMV and its joint venture partners have made a considerable oil discovery in the Murzuk Basin in Libya. Norsk Hydro Hits in Visund Norsk Hydro has found oil in two separate zones while drilling exploration well 34/8-12S in the Visund South prospect in the Norwegian sector of the North Sea. Conoco Awarded Block Offshore Indonesia The Indonesian government awarded the Nila block in the West Natuna Sea partners Conoco Nila Ltd. and Inpex Natuna, Ltd. Production ExxonMobil Completes Several Wells in the Gulf of Mexico ExxonMobil Corporation announced the completion of the Hawkes and Timber Wolf exploration wells in the Mississippi Canyon area of the Gulf of Mexico. Norsk Hydro Upgrades the Oseberg C Platform Norsk Hydro and its partners on the Oseberg oil and gas field in the North Sea have decided to build a new compressor module on the Oseberg C platform. Company & Financial News BJ Services to Use MainControl for Technology Needs MainControl Inc. announced that BJ Services Company has sel! ected MainControl's MC/EMpower(TM) to provide seamless tracking and management of remote corporate technology assets internationally. Devon Energy to Sell Latin American Assets Devon Energy is planning to sell several of its Latin American assets, located in Argentina and Brazil. Murphy Plans to Spend $866 Million in 2002 Murphy Oil Corporation announces a capital program of $866 million for 2002, essentially level with spending during 2001. Ocean Energy Focuses on Gulf of Mexico in 2002 Approximately half of Ocean Energy $650 million budget for 2002 will be spent in the Gulf of Mexico. Samedan Acquires Aspect Energy Assets Samedan acquires Aspect Energy assets along the Texas! and Louisiana Gulf Coast in deal valued at $125 million. advertisement A National-Oilwell designed, 1992 built modular offshore 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 seller contact information: Last 7 Days Top Stories Bouygues Signs AIOC Contract Following an interim accord with the AIOC consortium on July 11, Bouygues Offshore has signed a contract worth US $163 million to supply offshore structures for the Azeri field. Pioneer Sets Budget for 2002 Pioneer Natural Resources Company announced that its Board of Directors has approved a 2002 development and exploration capital budget of $425 million. DONG Buys Norwegian Minnow for $46.6 Million The owners of Pelican signed a letter of intent December 7th to sell the company to Denmark's DONG for NOK250 ($27.9) per share. Phillips Announces 2002 Budget The board of directors of Phillips Petroleum Company has approved $3.5 billion for capital projects in 2002. ChevronTexaco Interested in Joining Baku-Ceyhan Pipeline ChevronTexaco confirmed its plans to join the projected Baku-Ceyhan pipeline, to run from Azerbaijan to Turkey. Halliburton Expands Relationship with Vanco Energy Halliburton continues to build upon its relationship with Vanco Energy by signing an agreement for engineering and consulting services in several deepwater regions offshore West Africa. Houston Exploration to Spend $270 Million in 2002 The Company has estimated its 2002 capital program to total $270 million, which includes planned drilling and development of the additional South Texas property acquisition. Denbury Revises 2002 Budget Denbury Resources Inc. has reduced its projected! 2002 development and exploration budget by approximately 20%. Statoil Orders New LNG Carrier Statoil has placed an order with Leif Hoegh & Co and Mitsui OSK Lines for an LNG tanker to ship LNG from the Snohvit field to Melkoya. Indonesia Will Tender 17 Blocks for Exploration Indonesia will tender 17 areas for oil exploration. Tender documents will be available January/February 2002. BHP Expected to Spend Big Bucks on Mad Dog BHP is set to commit $300 million to the development of the Mad Dog field in the Gulf of Mexico. Shell & Halliburton Get Behind Enventure Enventure Global Technology has secured agreements from Shell and Halliburton that will accelerate the global roll-o! ut of its solid expandable tubular products. advertisement American Material Resources, Inc. offers McMaster-Carr Supply Company Catalog items at a discount price...E-Mail (amrsales@ocinet.net ) or fax your inquries to us at 970-325-0505, attention Donna Morss, Sales. All we need for 24-hour turnaround on quotes is the McMaster part number and quantity. www.amrsales.com Upcoming Oil & Gas Industry Events Jan. 22 Alliances and Partnering in Oil & Gas Feb. 10 2002 SPE International Petroleum Conference & Exhibition in Mexico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference and Exhibition Dallas Mar. 10 AAPG Annual Meeting Houston Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhibition Houston May. 6 Offshore Technology Conference 2002 Houston Aug. 27 ONS 2002 Conference and Exhibition Stavanger Oct. 6 Society of Exploration Geophysicists Annual Meeting Salt Lake City Oct. 15 Permian Basin International Oil Show Odessa INTEC Quest Offshore Horizon Offshore Global Completion Service ! promote your company The Management of International Oil Operations International Petroleum Fiscal Systems and Production Sharing Contracts Offshore Field Development Guide - Indian Sub Continent, South East Asia, Australasia, Far East more products featured equipment: Dreco 1000 UE Land Rigs Ideco H-35 DD Drive-in Rig more equipment featured jobs: - Project Managers - Expandable Tubulars - Lafayette Based Pneumatic Fitter - Chief Financial Officer more hot jobs >> featured candidates: - Facility Manager/Superintendent - Drilling Consultant- Offshore-Deepwater - Senior Sales and Marketing Service Specialist search for candidates >> Drillships: To 5000': 50.0% (7/14) +5000': 96.0% (24/25) Semisubs: 2nd Gen: 69.9% (51/73) 3rd Gen: 84.0% (42/50) 4th Gen: 100.0% (38/38) 5th Gen: 100.0% (7/7) Jackups: To 200': 55.2% (37/67) 200' MC: 58.3% (14/24) 200' MS: 14.3% (3/21) 300' IC: 85.4% (82/96) +300' IC: 87.0% (47/54) Severe Env.: 76.2% (16/21) view complete utilization report West Texas Intermediate: $18.38/BBL (1.66%) Saudi Arabian Light: $16.71/BBL (-2.05%) North Sea Brent: $17.84/BBL (1.71%) Natural Gas, Henry Hub: $2.47/MMBtu (-1.99%) prices from: 12/12/2001 change since: 12! /11/2001 Promotional Opportunities Become a Sponsor, feature your job opening or, advertise your upcoming industry conference. 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