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Date: Fri, 25 Jan 2002 15:17:51 -0800 (PST)
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=09Monday January 28, 2002=09[IMAGE] =09=09=09
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[IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=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] OPEC Over Quota in December O=
PEC's 10 members with output quotas cut 23,000 barrels bpd from their produ=
ction in December to 23.65 million bpd. TotalFinaElf and Yukos Form Partne=
rship TotalFinaElf has formed a 50/50 joint venture with Russia's Yukos to=
explore and develop the Shatsky area in the Black Sea. [IMAGE] [IMAGE=
] 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 t=
he North Sea. Click on the link below for full details, photos and seller =
contact information: http://www.rigzone.com/market/surplus_listing.asp?eq=
_id=3D397 Exploration [IMAGE] [IMAGE] [IMAGE] Iran Put=
s South Pars Up For Bid Iran has put the offshore South Pars oilfield back=
up for bidding and intends to reveal the winning investor this spring. =
[IMAGE] [IMAGE] Production [IMAGE] [IMAGE] [IMAGE] Langsa=
Field Well Back Production The Matrix Oil L1 well has been placed back o=
n production. The well was taken off production in December due to a glyco=
l leak. Heimdal and Huldra Back Onstream The Heimdal gas center resumed i=
ts production and processing of natural gas from the Huldra field Jan. 24, =
after a forced shut down due to control system problems on Jan. 21. Statfj=
ord C Back on Stream Production from Statoil's Statfjord C platform, shut!=
down for four days, was resumed early yesterday evening, January 24th. T=
erra Nova Starts Producing Petro-Canada reports that the Terra Nova field =
offshore Newfoundland continues to improve on its daily production numbers.=
[IMAGE] [IMAGE] Company & Financial News [IMAGE] [IMAGE] =
[IMAGE] Halliburton in Norway Achieves ISO 14001 Halliburtonannounces =
that the Shared Services Operations and the Production Enhancement product =
service line of its subsidiary Halliburton AS in Norway have been awarded t=
he ISO 14001 accreditation. PanCanadian in Merger Talks PanCanadian and A=
lberta Energy are in discussions regarding the possible merger of the two c=
ompanies. Goodrich Sells Partial Interest in GOM Assets Goodrich has agre=
ed to sell a portion of its interest in its Burrwood and West Delta 83 fiel=
ds for $12 million. [IMAGE] [IMAGE] Last 7 Days Top Stories [I=
MAGE] [IMAGE] [IMAGE] Drilling Operations Halted on West Navion =
Drilling operations on the West Navion have been halted for the next 2-3 we=
eks so the rig can undergo an inspection of its derrick. Pemex Increases E=
xploration Spending in 2002 Pemex plans to concentrate spending on explort=
ion and production projects in 2002. Kerr-McGee Sells Ecuadorian Assets K=
err-McGee has agreed to sell two oil lease concessions and its! stake in a =
pipeline project in Ecuador to Perenco. CNOOC Acquires Repsol-YPF's Indone=
sian Assets CNOOC has acquired Repsol-YPF's Indonesian assets for US $585 =
million in cash. This acquisition will make CNOOC the largest offsohre oil=
producer in Indonesia. Kvaerner Awarded Escravos FEED Contract Kvaerner=
has been awarded the FEED work for the Escravos Gas Project Phase 3 by NNP=
C/Chevron. Court Rules on Offshore Injury Case United States Fifth Circui=
t Court of Appeals decides that wireline perforation used in drilling and c=
apping wells is not "ultrahazardous". Transocean Puts Two Rigs Back to Wor=
k Transocean Sedco Forex Inc. has been awarded contracts for two high-spec=
ificat! ion floating drilling rigs and has received a contract extension on=
a third high-specification floating drilling rig. Conoco Sets Budget for=
2002 Conoco to spend the majority of its $2.8 billion dollar budget on up=
stream operations in 2002. Marathon Makes Discovery in Alaska Marathon oi=
l has made a significant discovery on its Ninilchik Prospect located approx=
imately 35 miles south of Kenai, Alaska. CNOOC Announces 2002 Strategy I=
n 2002, CNOOC will continue to focus on growing production, executing devel=
opment plans and adding reserves through exploration. Bouygues/Saipem Awar=
ded Algerian Contract Sonatrach has awarded a joint venture of Saipem and =
Bouygues a $257 million oilfield development project in Algeria. Westcoast=
Energy Reaches Milestone in Mexico Westcoast Energy announced has reached=
a major milestone in the development of the Campeche Natural Gas Compressi=
on Services Project in Mexico. [IMAGE] [IMAGE] Upcoming Oil & Ga=
s Industry Events [IMAGE] [IMAGE] [IMAGE] Jan. 29 NAPE Expo 20=
02 Houston Feb. 6 Torch Mid-Winter Energy Conference New York Feb. 7 =
Marine Construction 2002 Houston Feb. 10 2002 SPE International Pet=
roleum Conference & Exhibition in Mexico Villahermosa Feb. 26 2002 IADC=
/SPE Drilling Conference and Exhibition Dallas Feb. 26 Offshore Oil an=
d Gas Safety Seminars Aberdeen Feb. 27 Human Resources in Oil & Gas Ab=
erdeen Mar. 10 AAPG Annual Meeting Houston Mar. 20 LNG North America=
Houston Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhibition=
Houston list y! our conference view upcoming events [IMAGE] [IMAGE]=
[IMAGE] [IMAGE] [IMAGE] Horizon Offshore Global Completion Service=
HoverDril Baker Hughes [IMAGE] [IMAGE] promote your company [=
IMAGE] [IMAGE] [IMAGE] Offshore Field Development Guide - The Americas [=
IMAGE] [IMAGE] Mapper 1.3 [IMAGE] [IMAGE] Offshore Field Development Gu=
ide - The Americas [IMAGE] [IMAGE] [IMAGE] more products [IMAGE] =
[IMAGE] [IMAGE] featured equipment: Ambar Marine 26' Fast Rescue Boats =
[IMAGE] West Africa Located Cooper LTO 750 [IMAGE] [IMAGE] [IMAGE] =
more equipment [IMAGE] [IMAGE] featured jobs: - Naval Architect =
- ! Technical Director - Structural Engineer more hot jobs >> feature=
d candidates: - Slickline Supervisor (Multi-Disciplined) - Wireline Super=
visor D32/33 assessor, Well services - Structural Offshore Engineer sear=
ch for candidates >> [IMAGE] [IMAGE] [IMAGE] [IMAGE] Drillships: =
To 5000':! 50.0% (7/14) +5000': 96.0% (24/25) Semisubs: 2nd Gen: 6=
9.9% (51/73) 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: 86.5% (83/96) +300' IC: 92.6% (50/54) =
Severe Env.: 90.5% (19/21) [IMAGE] [IMAGE] view complete utilization=
report [IMAGE] [IMAGE] Light Crude Oil: $19.40/BBL (-1.62%) Brent =
Crude Oil: $19.99/BBL (4.44%) Natural Gas: $2.03/MMBtu (0.50%) Unleaded=
Gasoline: $0.58/gal (1.75%) prices from: 1/25/2002 change since: 1/24/=
2002 [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09
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ning or, advertise your upcoming industry conference. Click here for mor=
e information, send your press release to info@rigzone.com or call us at =
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