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Date: Fri, 18 Jan 2002 14:26:40 -0800 (PST)
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=09Monday January 21, 2002=09[IMAGE]   =09=09
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[IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09
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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]       Kerr-McGee Sells Ecuadorian As=
sets  Kerr-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 =
Indonesian Assets  CNOOC has acquired Repsol-YPF's Indonesian assets for US=
 $585 million in cash.  This acquisition will make CNOOC the largest offsoh=
re oil producer in Indonesia.    [IMAGE]   [IMAGE]  advertisement  A Nation=
al-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 th=
e link below for full details, photos and seller contact information:   htt=
p://www.rigzone.com/market/surplus_listing.asp?eq_id=3D397            Explo=
ration [IMAGE]      [IMAGE]     [IMAGE]  Pemex Increases Exploration Spendi=
ng in 2002  Pemex plans to concentrate spending on explortion and productio=
n projects in 2002.  Drilling Operations Halted on West Navion  Drilling op=
erations on the West Navion have been halted for the next 2-3 weeks so the =
rig can undergo an inspection of its derrick.    [IMAGE]   [IMAGE]       Pr=
oduction [IMAGE]      [IMAGE]     [IMAGE]  Shell Brings Two Gulf of Mexico =
Fields Onstream  Shell Exploration & Production Company's Crosby and Einset=
 subsea fields are now online and sending production to their hub platforms=
.  Visund Onstream In January  Norsk Hydro reports that its Visund North fi=
eld is scheduled to come onstream later this mon! th.  Brent C Platform Bac=
k Online  Shell's Brent C offshore platform was put back into operation ear=
ly Friday.  Corus Tubes Awarded Kvitebjorn Pipe Contract  Corus Tubes steel=
works will supply pipe for the Kvitebjorn oil pipeline, which will be laid =
between the Kvitebjorn gas and condensate field and Troll Oil Pipeline II i=
n the North Sea.  NWS Is On The Short List for Chinese LNG Supply  Australi=
a's North West Shelf Project has been invited bid on a  contract for the su=
pply of liquefied natural gas to the first receiving terminal to be built i=
n China, at Chengtaojiao.    [IMAGE]   [IMAGE] !        Company & Financial=
 News [IMAGE]      [IMAGE]     [IMAGE]  Veritas and PGS Clear U.S. Antitrus=
t Hurdle  The Hart-Scott-Rodino waiting period has expired for Veritas and =
PGS.  New Gas Company Created in Norway  A company which plans to create a =
regional gas market in the Grenland industrial area of southeast Norway has=
 been established by Statoil and three domestic partners.  CNOOC Announces =
2002 Strategy   In 2002, CNOOC will continue to focus on growing production=
, executing development plans and adding reserves through exploration.    [=
IMAGE]   [IMAGE]  advertisement   [IMAGE] Human Resources in Oil and Gas is=
 the comprehensive HR forum for the industry. The conference will deal with=
 attracting and retaining quality staff and dealing with the effects of mer=
gers, acquisitions, and restructuring. This conference is a must for anyone=
 involved in the often hectic human resources decisions of todays oil and g=
as companies. HR in Oil and Gas is being held in Aberdeen on February 27 an=
d 28. Click here for more information.            Last 7 Days Top Stories [=
IMAGE]      [IMAGE]     [IMAGE]  Former Enron Execs Start New Company  Seve=
ral former Enron senior executives have formed a new company to provide ris=
k management services to the energy industry.  Anadarko Petroleum Provides =
2002 Outlook  Anadarko Petroleum Corporation outlines its expectations for =
capital spending for 2002 and offers guidance on 2001 financial and operati=
ng results.  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.  National-Oilwell Acquir=
es HALCO  National-Oilwell has acquired HAL Oilfield Pump & Equipment Compa=
ny.  Conoco Focuses on I! ndonesia    Conoco expects to spend over $2.5 bil=
lion in Indonesia during the next nine years, as part of planned investment=
 of $3.4 billion between 1998 and 2010.  Venture To Begin Drilling Program =
on Sycamore Field  Venture Production will start drilling in May of this ye=
ar at its Sycamore field in the UK Sector of the North Sea.  Energy Partner=
s Completes Hall-Houston Acquisition  Energy Partners, Ltd. has completed t=
he acquisition of Hall-Houston and has elected Gary Hall, HHOC's founder, t=
o the post of Vice-Chairman of EPL.  Statoil Sells First Oil From Girassol =
 Statoil has sold its first load of crude - one million barrels - from the =
TotalFinaElf-operated Girassol field offshore Angola.  PGS Awarded $58 Mill=
ion in New Contracts  Petroleum Geo-Services ASA announced that its onshore=
 division has secured new seismic acquisition contracts in the United State=
s, Ecuador, India and Bangladesh valued at $58 million.  Kongsberg Awarded =
Crazy Horse Project  Kongsberg Simrad has been awarded a contract for provi=
ding an integrated control and monitoring system to BP for the Crazy Horse =
PDQ semisub.  Shell and CNOOC Sign PSC Agreement  CNOOC and Shell Explorati=
on China Limited signed a Production Sharing Contract for the exploration o=
f the Bonan area of Bohai Bay.  Talisman Expects to Spend $2 Billion in 200=
2  Talisman's 2002 budget for exploration and development is $2 billion whi=
ch is a 6% increase over the 2001 budget.  !   [IMAGE]   [IMAGE]       Upco=
ming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Jan. 22   =
 Alliances and Partnering in Oil & Gas   Singapore Feb. 6     Torch Mid-Win=
ter Energy Conference  New York Feb. 7     Marine Construction 2002  Housto=
n Feb. 10    2002 SPE International Petroleum Conference & Exhibition in Me=
xico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibit=
ion   Dallas Feb. 26    Offshore Oil and Gas Safety Seminars  Aberdeen Feb.=
 27    Human Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meetin=
g  Houston Mar. 20    LNG North America  Houston Apr. 9     2002 SPE/ICoTA =
Coiled Tubing Conference and Exhibition  Houston  list your conference  vie=
w upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  Horizo=
n Offshore  Global Completion Service  HoverDril  Baker Hughes   [IMAGE]   =
[IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  D & D Standar=
d Oil Abbreviator, 4th Edition  [IMAGE] [IMAGE]  Rotary Rig Safety Inspecti=
on Checklist  [IMAGE] [IMAGE]  Drilling Data Handbook, 7th Ed.  [IMAGE]  [I=
MAGE]   [IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  featured eq=
u! ipment: Oilwell 840-E  [IMAGE]   National 1320-UE  [IMAGE]   [IMAGE]   [=
IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs:  - Structural=
 Engineer  - Drill! er  - Senior Pipeline Engineer   more hot jobs >>   fea=
tured candidates:  - Project Management Specialist  - Drilling and Completi=
on Engineer  - Service Supervisor   search for candidates >>   [IMAGE]   [I=
MAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000':   50.0% (7/14) +5000':  =
 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':   5=
6.7%  (38/67) 200' MC:   58.3% (14/24) 200' MS:   14.3% (3/21) 300' IC:!   =
87.5% (84/96) +300' IC:   90.7% (49/54) Severe Env.:   81.0% (17/21)  [IMAG=
E]   [IMAGE]   view complete utilization report[IMAGE][IMAGE]Light Crude Oi=
l: $18.00/BBL (-0.55%)Brent Crude Oil: $18.45/BBL (0.16%)Natural Gas: $2.23=
/MMBtu (-1.76%)Unleaded Gasoline: $0.54/gal (1.89%)prices from: 1/18/2002ch=
ange since: 1/17/2002[IMAGE][IMAGE][IMAGE][IMAGE][IMAGE] Promotional Opport=
unitiesBecome a Sponsor, feature your job opening or, advertise your  upcom=
ing industry conference.   Click here  for more information, send your pres=
s release to  info@rigzone.com  or call us at 281-345-4040.   Member Servic=
es If you no longer wish to receive this newsletter, you may unsubscribe by=
 clicking here  or by logging in to Rigzone and updating your profile.   Yo=
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