Message-ID: <18500840.1075840754505.JavaMail.evans@thyme> Date: Tue, 22 Jan 2002 15:06:07 -0800 (PST) From: newsletter@rigzone.com To: j.kaminski@enron.com Subject: RIGZONE Industry News Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "newsletter@rigzone.com" @ENRON X-To: Kaminski, Vince J X-cc: X-bcc: X-Folder: \vkamins\Deleted Items X-Origin: KAMINSKI-V X-FileName: vincent kaminski 1-30-02.pst =09=09=09[IMAGE]=09 =09Wednesday January 23, 2002=09[IMAGE] =09=09 =09=09=09[IMAGE]=09 =09=09=09[IMAGE]=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09 =09=09=09[IMAGE]=09 [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= o receive this newsletter, you may unsubscribe by clicking here or by logg= ing in to Rigzone and updating your profile. You can also change the form= at you receive (HTML or Text) and your email address by logging in and upda= ting your account. Click here to log in . [IMAGE] =09=09