Message-ID: <9988196.1075855177671.JavaMail.evans@thyme> Date: Thu, 20 Dec 2001 16:06:14 -0800 (PST) From: newsletter@rigzone.com To: jtholt@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: jtholt@enron.com X-cc: X-bcc: X-Folder: \Jane_Tholt_Jan2002_1\Tholt, Jane M.\Inbox X-Origin: Tholt-J X-FileName: jtholt (Non-Privileged).pst =09=09=09[IMAGE]=09=09 =09Friday December 21, 2001=09Petrocom =09=09=09 =09=09=09[IMAGE]=09=09 =09=09=09[IMAGE]=09=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09=09 =09=09=09[IMAGE]=09=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] Gazprom To Borrow $100 Billion= Rubles to Finance Exploration Gazprom is seeking to borrow $100 billion r= ubles to finance exploration and increase natural gas output in 2002. Oman= to Cut Production by 40,000 bpd Oman pledges to cut an additional 15,000 = bpd bringing its total production cut to 40,000 bpd. [IMAGE] [IMAGE] = advertisement Energy Graphics, Inc. announces the release of Version 5 of = its INTELLEXTM Report oil and gas data reporting software for the PC. This= release contains major enhancements, including multi-color lease maps and = the ability to create reports on field and reservoir data from a new databa= se product named FieldBaseTM. For more information, visit the Energy Graphi= cs web site or send an email to bmccallum@energygraphics.com . E= xploration [IMAGE] [IMAGE] [IMAGE] Petrobras Acquires 75% Stake i= n Block OPL324 Offshore Nigeria Petrobras has inked a deal for a 30-year c= ontract on block OPL324 offshore Nigeria. The company would have a 75% int= erest in the block and serve as operator. ENI and NNPC Form Exploration Jo= int Venture ENI and Nigerian National Petroleum Corp. and formed an allian= ce to explore for Block 244 offshore Nigeria. Shell Awards Landmark E?Data= Contract Landmark has been awarded a three-year E?data management contrac= t by Shell. Landmark will manage over two terabytes of seismic data using = the PetroBank system. Statoil Awards Transocean Searcher Mikkel Work The = Transocean Searcher will be headed to the Mikkel field during the third qua= rter of 2002 to drill and complet! e three wells for Statoil. [IMAGE] = [IMAGE] Production [IMAGE] [IMAGE] [IMAGE] Statoil Orders T= wo More Carriers for Snohvit Statoil and its partners have entered into an= agreement with K-line and Mitsui for the construction of two new LNG carri= ers to be used on the Snohvit field in the Barents Sea. Conoco Acquires Ad= ditional Interests Offshore Vietnam Conoco Inc. announced its agreement wi= th Statoil ASA to purchase a portion of its interests in the $1.3 billion N= am Con Son natural gas project, offshore Vietnam. [IMAGE] [IMAGE] = Company & Financial News [IMAGE] [IMAGE] [IMAGE] Grey Wolf Incr= eases Credit Faci! lity Grey Wolf has amended its $50 million credit facil= ity with its existing lender to increase the amount available under the fac= ility to $75 million and extended the term to January 2006. Wellstream Ac= hieves ISO 14001 at UK Facility Halliburton's Wellstream business unit ach= ieves ISO 14001 and OHSAS 18001 certifications at its UK facility. Landmar= k and SGI Jointly Market GeoProbe Software Landmark and SGI team up to mar= ket the GeoProbe visualization software that was developed by Magic Earth. = [IMAGE] [IMAGE] advertisement A National-Oilwell designed, 1992 buil= t modular offshore drilling rig is available for sale direct from the manuf= acturer. This rig drilled only 5 wells from the Draugen platform in the No= rwegian sector of the North Sea. Click on the link below for full details,= photos and seller contact information: http://www.rigzone.com/market/sur= plus_listing.asp?eq_id=3D397 Last 7 Days Top Stories [IMAGE] = [IMAGE] [IMAGE] Devon Energy to Sell Latin American Assets Devon En= ergy is planning to sell several of its Latin American assets, located in A= rgentina and Brazil. PDVSA to Spend $375 Million Offshore Trinidad PDVSA = plans to spend $375 million over the next three years on a natural gas expl= oration project offshore Trinidad. Murphy Plans to Spend $866 Million in 2= 002 Murphy Oil Corporation announces a capital program of $866 million for= 2002, essentially level with spending during 2001. Energy Partners to Acq= uire Hall-Houston Energy Partners has entered into an agreement to acquire= Hall-Houston Oil Company in a deal valued at approximately $88.3 million. = Conoco To Dev! elop Deepwater Magnolia Field Conoco and Ocean Energy to d= evelop the Magnolia Field in the deepwater Gulf of Mexico at a cost of $600= million. Landmark Awarded Brazilian E?Data Management Contract Landmark = has been awarded a four-year E?data management contract by the Brazilian Ge= ological Service to organize and manage all Brazilian seismic and well E?da= ta on behalf of ANP. Santos and Esenjay Make Major Gas Discovery in Texas = The Runnells #7 well tested at 22 million cubic feet of natural gas and ov= er 500 barrels of condensate per day. Sakhalin-2 Reports 22 Percent Rise i= n Production A consortium led by Shell reports that production offshore Ru= ssia's Sakhalin Island has increased by 22 percent this year from 1.67 mill= ion tons to 2.0 m! illion. Burlington to Spend $1.3 Billion in 2002 Burli= ngton Resources plans to spend $1.3 billion in 2002. Most of the E?budget = will be spent on development programs in Canada, Algeria, the East Irish Se= a and the United States. Petrobras Looking to Increase Production Outside = Brazil Petrobras is in the market to purchase a medium-sized oil company w= ith assets in the Gulf of Mexico. ExxonMobil Completes Several Wells in th= e Gulf of Mexico ExxonMobil Corporation announced the completion of the Ha= wkes and Timber Wolf exploration wells in the Mississippi Canyon area of th= e Gulf of Mexico. Nexen Plans to Spend $1.24 Billion in 2002 Nexen Inc. a= nnounced a 2002 capital investment ! program designed to deliver long-term = value growth for shareholders. [IMAGE] [IMAGE] advertisement "From T= he Rigzone Career Center" I am a 1983 Louisiana Tech Petroleum Engineering = graduate with 18 years of Amoco, Conoco and Ocean Energy deepwater drilling= engineering experience. I have been and would like to continue to be an = effective member of a drilling team involved with planning, rig selection, = and operational performance measurement. Click here for detailed informati= on regarding my experience and qualifications. Upcoming Oil & Ga= s Industry Events [IMAGE] [IMAGE] [IMAGE] Jan. 22 Alliances an= d Partnering in Oil & Gas Singapore Feb. 7 Marine Construction 2002 = Houston Feb. 10 2002 SPE International Petroleum Conference & Exhibition= in Mexico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference and E= xhibition DallasMar. 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 Exh= ibition Stavanger Oct. 6 Society of Exploration Geophysicists Annual M= eeting Salt Lake City Oct. 15 Permian Basin International Oil Show Ode= ssa list your conference view upcoming events [IMAGE] [IMAGE] [IMA= GE] [IMAGE] [IMAGE] Halliburton INTEC Quest Offshore Horizon Offshore= Global Completion Service [IMAGE] [IMAGE] promote your company = [IMAGE] [IMAGE] [IMAGE] Progressing Cavity Pumps [IMAGE] [IMAGE] Oil a= nd Gas Journal Databook, 2001 Ed. [IMAGE] [IMAGE] Formation Invasion [IM= AGE] [IMAGE] [IMAGE] more products [IMAGE] [IMAGE] [IMAGE] fea= tured equipment: ME Portable Top Drive [IMAGE] Cabot 250 Workover and Dr= illing Rig [IMAGE] [IMAGE] [IMAGE] more equipment [IMAGE] [IMA= GE] featured jobs: - Forward Trader - Estimator - Control System Speci= alist more hot jobs >> featured candidates: - International Purchasing= & Materials Professional - Petroleum Engineer - Oilfield Consultant se= arch fo! r candidates >> [IMAGE] [IMAGE] [IMAGE] [IMAGE] Drillshi= ps: To 5000': 50.0% (7/14) +5000': 100.0% (25/25) Semisubs: 2nd Gen:= 68.5% (50/73) 3rd Gen: 82.0% (41/50) 4th Gen: 100.0% (38/38) 5th Gen= : 100.0% (7/7) Jackups: To 200': 53.7% (36/67) 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 utiliza= tion report [IMAGE] [IMAGE] Light Crude Oil: $19.25/BBL (-0.57%) Br= ent Crude Oil: $19.13/BBL (5.11%) Natural Gas: $2.74/MMBtu (4.58%) Unle= a! ded Gasoline: $0.55/gal (-1.79%) prices from: 12/20/2001 change since= : 12/19/2001 [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09 =09=09=09[IMAGE]=09=09 =09=09=09 Promotional Opportunities Become a Sponsor, feature your job ope= 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 = 281-345-4040. Member Services If you no longer wish to receive this newsl= etter, you may unsubscribe by clicking here or by logging in to Rigzone an= d updating your profile. You can also change the format you receive (HTML= or Text) and your email address by logging in and updating your account. = Click here to log in . =09=09 =09=09=09[IMAGE]=09=09