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Date: Mon, 14 Jan 2002 15:25:42 -0800 (PST)
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=09=09=09[IMAGE]=09=09
=09Tuesday January 15, 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 Pas=
t 7 Days Featured Events and Conferences What's in Store - Books & More    =
 Featured Employment Opportunities Surplus Oilfield Equipment For Sale Worl=
dwide Offshore Rig Utilization Oil & Gas Prices    [IMAGE]   [IMAGE]       =
Industry Headlines [IMAGE]      [IMAGE]       Former Enron Execs Start New =
Company  Several former Enron senior executives have formed a new company t=
o provide risk management services to the energy industry.  Shell and CNOOC=
 Sign PSC Agreement  CNOOC and Shell Exploration China Limited signed a Pro=
duction Sharing Contract for the exploration of the Bonan area of Bohai Bay=
.    [IMAGE]   [IMAGE]  advertisement  A National-Oilwell designed, 1992 bu=
ilt modular offshore drilling rig is available for sale direct from the man=
ufacturer.  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 detail=
s, photos and seller contact information:   http://www.rigzone.com/market/s=
urplus_listing.asp?eq_id=3D397            Exploration [IMAGE]      [IMAGE] =
    [IMAGE]  Gazprom To Develop Northern Gas Fields  Gazprom has plans to d=
evelop new natural gas fields in the far north Yamal region of Russia.  Pet=
ronas and Bahrain Develop Offshore Exploration Program  Petronas and Bahrai=
ni officals met over the weekend to discuss a program for drilling offshore=
 Bahrain.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [I=
MAGE]  ExxonMobil Sells Qatari Gas to Kuwait  ExxonMobil, Kuwait Petroleum =
Corporation and Qatar Petroleum have reached agreement in principle on key =
terms to supply Kuwait with Qatari gas.  Statoil To Prepare Development Stu=
dy For Iran  Statoil has been tapped by the IOC to prepare a comprehensive =
development plan to ! boost production from three Iranian fields in southwe=
st Iran.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [=
IMAGE]     [IMAGE]  Talisman Expects to Spend $2 Billion in 2002  Talisman'=
s 2002 budget for exploration and development is $2 billion which is a 6% i=
ncrease over the 2001 budget.  Anadarko Petroleum Provides 2002 Outlook  An=
adarko Petroleum Corporation outlines its expectations for capital spending=
 for 2002 and offers guidance on 2001 financial and operating results.  Com=
pass Signs Preferred Supplier Agreement with ChevronTexaco  ChevronTexaco a=
nd Compass Group sign the industry's largest catering agreement valued at $=
200 million per year.   !  [IMAGE]   [IMAGE]  advertisement   [IMAGE] Human=
 Resources in Oil and Gas is the comprehensive HR forum for the industry. T=
he conference will deal with attracting and retaining quality staff and dea=
ling with the effects of mergers, acquisitions, and restructuring. This con=
ference is a must for anyone involved in the often hectic human resources d=
ecisions of todays oil and gas companies. HR in Oil and Gas is being held i=
n Aberdeen on February 27 and 28. Click here for more information.         =
   Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  BP Scales Back=
 Alaskan Operations  BP has decided to downsize its staff in Anchorage and =
shelve its Liberty project at this time.  PetroChina and Shell Sign Gas Pip=
eline Deal  PetroChina and Shell have entered into a preliminary agreement =
for an $18 billion East/West China pipeline project.  Torch Offshore Purcha=
ses Construction Vessel   Torch Offshore has purchased a 520-foot vessel wh=
ich it intends to convert to a DP-2 offshore construction vessel and rename=
 the Midnight Express.  Houston Exploration Completes Acquisition  Houston =
Exploration finalizes South Texas property acquisition from Conoco for $69 =
million.  Anderson Employees Destroy Enron Documents!   Andersen reports th=
at individuals in the firm have disposed of a significant number of electro=
nic and paper documents and correspondence relating to the Enron account  D=
evon Hits Offshore Brazil  Devon Energy has made a discovery in the shallow=
 waters of Campos Basin offshore Brazil.  Petrobras Awards FMC $17 Million =
Contract  FMC will provide Petrobras with three deepwater solutions with a =
contract value of approximately $17 million.  Unocal Increases Production O=
ffshore Thailand  Unocal Thailand has plans to double the crude output in t=
he Gulf of Thailand this year as part of a six-year development plan.  Kerr=
-McGee Announces 2002 Capital Budget  Kerr-McGee to allocate $! 310 million=
 of its 2002 exploration and production budget for the North Sea.  National=
-Oilwell Acquires HALCO  National-Oilwell has acquired HAL Oilfield Pump & =
Equipment Company.  Malaysia, Indonesia & Vietnam Enter Joint Venture   The=
 national oil companies of Malaysia, Indonesia and Vietnam have signed a jo=
int venture agreement to explore for oil offshore Vietnam.  Jacobs Joins NA=
M Consortium  Jacobs Engineering has been awarded formal approval to become=
 a member of the NAM Consortium.    [IMAGE]   [IMAGE]       Upcoming Oil & =
Gas Industry Events [IMAGE]        [IMAGE]     [IMAGE]  Jan. 22    Alliance=
s and Partnering in Oil & Gas   Singapore Feb. 6     Torch Mid-Winter Energ=
y Conference  New York Feb. 7     Marine Construction 2002  Houston Feb. 10=
    2002 SPE International Petroleum Conference & Exhibition in Mexico  Vil=
lahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibition   Dal=
las Feb. 26    Offshore Oil and Gas Safety Seminars  Aberdeen Feb. 27    Hu=
man Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Housto=
n Mar. 20    LNG North America  Houston Apr. 9     2002 SPE/ICoTA Coiled Tu=
bing Conference and Exhibition  Houston  list your conference  view upcomin=
g events   [IMAGE]   [IMAGE]   =09[IMAGE]=09   [IMAGE] [IMAGE]  Horizon Off=
shore  Global Completion! Service  HoverDril  DataLog  Baker Hughes   [IMAG=
E]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Environm=
ental Impact of the Offshore Oil and Gas Industry   [IMAGE]  !  [IMAGE]  El=
ements of 3-D Seismology  [IMAGE]  [IMAGE]  Interactive Drilling for Fast T=
rack Oilfield Development   [IMAGE]   [IMAGE]   [IMAGE]   more products    =
  [IMAGE] [IMAGE]  featured equipment: Wartsila Generator Sets  [IMAGE]   S=
elf-Contained Platform Rig  [IMAGE]   [IMAGE]   [IMAGE]   more equipment   =
 =09
=09=09[IMAGE]=09=09=09
[IMAGE]=09  featured jobs:  - Technical Sales  - Piping Designer   - Struct=
ural Engineer  more hot jobs >>    featured candidates:  - Drilling Manager=
, Senior Drilling Engineer  - Purchasing, Logistics and Materials Managemen=
t  - Experienced Professional in Oil & Gas Drilling   search for candidates=
 >>  =09[IMAGE]=09=09=09
=09=09[IMAGE]=09=09=09


=09=09[IMAGE]=09
[IMAGE]=09  Drillships:  To 5000':   50.0% (7/14) +5000':   96.0% (24/25)  =
Semisubs:  2nd Gen:   67.1% (49/73) 3rd Gen:   86.0% (43/50) 4th Gen:   100=
.0% (38/38) 5th Gen:   100.0%(7/7)   Jackups:  To 200':   56.7%  (38/67) 20=
0' MC:   50.0% (12/24) 200' MS:   14.3% (3/21) 300' IC:   86.5% (83/96)!  +=
300' IC:   90.7% (49/54) Severe Env.:   81.0% (17/21) =09[IMAGE]=09
=09=09[IMAGE]=09
=09=09view complete utilization report =09


=09=09[IMAGE]=09
[IMAGE]=09 Light Crude Oil:  $19.01/BBL  (-3.40%) Brent Crude Oil:  $19.77/=
BBL  (-4.26%) Natural Gas:  $2.26/MMBtu  (2.73%) Unleaded Gasoline:  $0.55/=
gal  (-3.! 51%) prices from:  1/14/2002 change since:  1/11/2002 =09[IMAGE]=
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