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=09=09=09[IMAGE]=09=09=09 =09Wednesday January 30, 2002=09[IMAGE] =09=09=09=09 =09=09=09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=09=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=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] Woodside Hits with Enfield-4 A= ppraisal Well Woodside Petroleum Ltd said its Enfield-4 appraisal well of= fshore Western Australia had found oil. Petro-Canada Acquires Veba Assets = Petro-Canada announced that it has agreed to acquire the international oil= and gas operations of Veba Oil & Gas Gmbh from Veba and BP p.l.c. for a pr= ice of Cdn $3.2 billion in cash. [IMAGE] [IMAGE] advertisement A Nati= onal-Oilwell designed, 1992 built modular offshore drilling rig is availabl= e for sale direct from the manufacturer. This rig drilled only 5 wells fro= m the Draugen platform in the Norwegian sector of the North Sea. Click on = the link below for full details, photos and seller contact information: h= ttp://www.rigzone.com/market/surplus_listing.asp?eq_id=3D397 Exp= loration [IMAGE] [IMAGE] [IMAGE] Murphy To Begin Drilling At Sepa= ng Field Offshore Malaysia Murphy Oil Corp. plans to begin drilling its fi= rst exploratory well in the Sepang field located offshore Sarawak Block SK = 309 later this week. BG Considers Exploration Offshore Greenland BG Group= is considering exploring for oil offshore Greenland's west coast. OMV Tes= ts Well in Block 111 Offshore Vietnam OMV has completed a well in a previo= usly unexplored area offshore of Vietnam and is preparing to test the struc= ture. Venezuelan Field Falls Short of Expectations The consortium operati= ng Venezuela's LL-652 field large fourth-quarter write-downs as the block c= ontinues to fall short of expectations. [IMAGE] Production [IMA= GE] [IMAGE] [IMAGE] [IMAGE] Duke Energy Begins Construction on Tasmania= n Gas Pipeline Duke Energy International has started on the A$400 million = undersea gas pipeline that will deliver gas beneath Bass Strait to Tasmania= for the first time. [IMAGE] Company & Financial News [IMAGE] = [IMAGE] [IMAGE] Westfort Files Lawsuit Against Patterson Drilling= Westfort has filed a lawsuit against Patterson Petroleum L.P. and Patters= on Drilling L.P. in connection with the Pelahatchie Field in Mississippi. = ENSCO Announces Senior Management Changes ENSCO International Incorporated= announced that Cary A. Moomjian, Jr. has joined the Company and will s! er= ve as Vice President, General Counsel and Secretary. CHC Wins Phillips Con= tract CHC Helicopter Corporation has been awarded a new offshore transport= ation contract by Phillips Petroleum. Technip Coflexip Lands Brunei Develo= pment Project Technip-Coflexip has recently been awarded a contract by Bru= nei Shell Petroleum Co. for its Egret Phase 1 Gas Development Project, offs= hore Brunei. [IMAGE] [IMAGE] Last 7 Days Top Stories [IMAGE] = [IMAGE] [IMAGE] Kvaerner Awarded Escravos FEED Contract Kvaerner h= as been awarded the FEED work for the Escravos Gas Project Phase 3 by NNPC/= Chevron. Court Rules on Offshore Inju! ry Case United States Fifth Circui= t Court of Appeals decides that wireline perforation used in drilling and c= apping wells is not "ultrahazardous". Conoco Sets Budget for 2002 Conoco = to spend the majority of its $2.8 billion dollar budget on upstream operati= ons in 2002. Transocean Puts Two Rigs Back to Work Transocean Sedco Forex= Inc. has been awarded contracts for two high-specification floating drilli= ng rigs and has received a contract extension on a third high-specification= floating drilling rig. Pogo Plans Aggressive Capital Program in 2002 Po= go's Board of Directors has approved a $340 million capital and exploration= budget for 2002 and has planned an aggressive exploration and drilling sch= edule. Kvaerner To Open New Umbilicals Facility Kvaerner has decided to i= nvest NOK 100 million in a new umbilicals production facility for the subse= a segment of the oil and gas industry in the Gulf of Mexico or Houston area= . AEC and PanCanadian Confirms Merger Plans Alberta Energy Company and Pa= nCanadian join forces in a "merger of equals" that will create one of North= America's largest independent energy companies. Shell Hits Offshore Niger= ia Shell Nigeria has made a significant discovery in the deep waters offsh= ore Nigeria. Marathon Makes Discovery in Alaska Marathon oil has made a s= ignificant discovery on its Ninilchik Prospect located approximately 35 mil= es south of Kenai, Alaska. Bouygues/Saipem Awarded Algerian Contract Sona= trach has awarded a joint venture of Saipem and Bouygues a $257 million oil= field development project in Algeria. Trident Appraisal Well Successful U= nocal Corporation said that it continues to be encouraged after successfull= y completing the first appraisal well at the Trident deepwater Gulf of Mexi= co discovery in Alaminos Canyon Block 903. Unocal Installs Production Plat= form Offshore Indonesia Unocal's Yakin field production platform was insta= lled using a float over and ballast down technique resulting in a substanti= al cost and time savings for Unocal. [IMAGE] [IMAGE] Upcoming Oi= l & Gas Industry Events [IMAGE] [IMAGE] [IMAGE] Feb. 6 Torch = Mid-Winter Energy Conference New York Feb. 7 Marine Construction 2002 = Houston Feb. 10 2002 SPE International Petroleum Conference & Exhibitio= n in Mexico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference and = Exhibition Dallas Feb. 26 Offshore Oil and Gas Safety Seminars Aberde= en Feb. 27 Human Resources in Oil & Gas Aberdeen Mar. 10 AAPG Annual= ! Meeting Houston Mar. 20 LNG North America Houston Apr. 9 2002 S= PE/ICoTA Coiled Tubing Conference and Exhibition Houston May. 6 Offsho= re Technology Conference 2002 Houston list your conference view upcoming= events [IMAGE] [IMAGE] =09[IMAGE]=09 [IMAGE] [IMAGE] Horizon Offs= hore Global Completion Service HoverDril Baker Hughes [IMAGE] [IMAGE= ] promote your company [IMAGE] [IMAGE] [IMAGE] Emergency Helicopte= r Abandonment [IMAGE] [IMAGE] Offshore Shipbuilders and Fabrication Yards= of the World - 2nd edition [IMAGE] [IMAGE] Offshore Helicopter Operation= s [IMAGE] [IMAGE] [IMAGE] more products [IMAGE] [IMAGE] [IMAGE= ] featured equipment: 15 Land Rigs [IMAGE] Wartsila Generator Sets [I= MAGE] [IMAGE] [IMAGE] more equipment [IMAGE] [IMAGE] featured = jobs: - Process Engineer - Senior Drilling Consultant - General Manager = more hot jobs << featured candidates: - Deepwater Drilling Manager & O= perations Engineer - Purchasing Manager - International MBA search for = candidates << [IMAGE] [IMAGE] [IMAGE] [IMAGE] Drillships: To 500= 0': 50.0% (7/14) +5000': 96.0% (24/25) Semisubs: 2nd Gen: 69.9% (51= /73) 3rd Gen: 86.0% (43/50) 4th Gen: 97.4% (37/38) 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: 86.5% (83/96) +300' IC: 92.6% (50/54) Severe En= v.: 90.5% (19/21) [IMAGE] [IMAGE] view complete utilization report = [IMAGE] [IMAGE] Light Crude Oil: $18.34/BBL (-8.76%) Brent Crude Oil= : $19.22/BBL (-1.94%) Natural Gas: $2.00/MMBtu (4.17%) Unleaded Gasolin= e: $0.56/gal (-3.45%) prices from: 1/29/2002 change since: 1/28/2002 [= IMAGE] [IMAGE] =09[IMAGE]=09 [IMAGE][IMAGE] Promotional Opportunities Become a Sponsor, feature your job opening or, a= dvertise your upcoming industry conference. Click here for more informat= ion, send your press release to info@rigzone.com or call us at 281-345-40= 40. Member Services 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. You can also change the format you receive (HTML or Text) = and your email address by logging in and updating your account. Click her= e to log in . =09 [IMAGE]
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