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=09=09=09[IMAGE]=09=09 =09Monday January 28, 2002=09[IMAGE] =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] 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 =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
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