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Date: Mon, 21 Jan 2002 14:29:26 -0800 (PST)
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	Tuesday
January 22, 2002	 <http://www.sonsub.com/> 		
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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
Worldwide Offshore Rig Utilization
Oil & Gas Prices

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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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SCORE Down for December 2001 <http://www.rigzone.com/news/article.asp?a_id=2439>
Houston-based international offshore drilling contractor GlobalSantaFe reported that the company's worldwide SCORE for December 2001 was down from the previous month's SCORE by 1.7 percent. 

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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 the 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=397> 

	

Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Shell Continues Focus on Offshore Malaysia in 2002 <http://www.rigzone.com/news/article.! asp?a_id=2446>
Shell will continue its deepwater exploration efforts offshore Malaysia in Block E and Block G this year.

Petrovietnam Inks Deal for Cuu Long Basin Block <http://www.rigzone.com/news/article.asp?a_id=2445>
Petrovietnam, Zarubezhneft and Idemitsu have signed a production sharing agreement for the 09-3 block in the Cuu Long Basin offshore Vietnam.

Greenland Launches 2nd Licensing Round <http://www.rigzone.com/news/article.asp?a_id=2444>
The 2nd offshore licensing round for Greenland is expected to start in April, following government approval.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Westcoast Energy Reaches Milestone in Mexico <http://www.rigzone.com/news/article.asp?a_id=2447>
Westcoast Energy announced has reached a major milestone in the ! development of the Campeche Natural Gas Compression Services Project in Mexico.

Statfjord C Shutdown  <http://www.rigzone.com/news/article.asp?a_id=2443>
Production from Statfjord C has been shut down after find corrosion damage in the flare system.

Dragon Oil Carries Out Production Testing in Caspian Sea <http://www.rigzone.com/news/article.asp?a_id=2440>
Dragon Oil has begun a 10-day testing program of its LAM 22-102 well in the Caspian Sea.

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Company & Financial News	  <http://www.rigzone.c! om/images/email/title_Corner.gif>	
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Thomas O'Malley Resigns From Phillips <http://www.rigzone.com/news/article.asp?a_id=2442>
Thomas O'Malley has resigned from the Phillips Board of Directors to pursue other avenues in the energy industry.

Oil Search and Orogen Minerals Agree to Merge <http://www.rigzone.com/news/article.asp?a_id=2441>Oil Search and Orogen Minerals have agreed to merge in a deal valued at A1.4 billion.

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Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Former Enron Execs Start New Company <http://www.rigzone.com/news/article.asp?a_id=2387>
Several former Enron senior executives have formed a new company to provide risk management services to the energy industry.

Drilling Operations Halted on West Navion <http://www.rigzone.com/news/article.asp?a_id=2427>
Drilling operations on the West Navion have been halted for the next 2-3 weeks so the rig can undergo an inspection of its derrick.

Anadarko Petroleum Provides 2002 Outlook <http://www.rigzone.com/news/article.asp?a_id=2384>
Anadarko Petroleum Corporation outlines its expectations for capital spending for 2002 and offers guidance on 2001 financial and operating results.U.S. Approves Deepwater Royalty Relief <http://www.rigzone.com/news/article.asp?a_id=2405>
Gale Norton, Secretary of the Interior, announced that oil and gas companies drilling in Gulf of Mexico deepwater will be given royalty reductions.

Pemex Increases Exploration Spending in 2002 <http://www.rigzone.com/news/article.asp?a_id=2435>
Pemex plans to concentrate spending on explortion and production projects in 2002.

Conoco Focuses on Indonesia  <http://www.rigzone.com/news/article.asp?a_id=2422>
Conoco expects to spend over $2.5 billion in Indonesia during the next nine years, as part of planned investment of $3.4 billion between 1998 and 2010.

CNOOC Acquires Repsol-YPF's Indonesian Assets <http://www.rigzone.com/news/article.asp?a_id=2428>
CNOOC has acquired Repsol-YPF's Indonesian assets for US $585 million in cash. This acquisition will make CNOOC the largest offsohre oil prod! ucer in Indonesia.

CNOOC Jackup Leaves China <http://www.rigzone.com/news/article.asp?a_id=2414>
CNOOC secured the first contract for overseas service as an independent contractor in the international drilling market.

PGS Awarded $58 Million in New Contracts <http://www.rigzone.com/news/article.asp?a_id=2424>
Petroleum Geo-Services ASA announced that its onshore division has secured new seismic acquisition contracts in the United States, Ecuador, India and Bangladesh valued at $58 million.

Kerr-McGee Sells Ecuadorian Assets <http://www.rigzone.com/news/article.asp?a_id=2436>
Kerr-McGee has agreed to sell two oil lease concessions and its stake in a pipeline project in Ecuador to Perenco.

Shell and CNOOC Sign PSC Agreement <http://www.rigzone.com/news/article.asp?a_id=2386>
CNOOC and Shell Exploration China Limited signed a Production Sharing Contract for the exploration of the Bon! an area of Bohai Bay.

Talisman Expects to Spend $2 Billion in 2002 <http://www.rigzone.com/news/article.asp?a_id=2388>
Talisman's 2002 budget for exploration and development is $2 billion which is a 6% increase over the 2001 budget.

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Upcoming Oil & Gas Industry Events	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Jan. 22 	Alliances and Partnering in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=75>	Singapore	
Feb. 6 	Torch Mid-Winter Energy Conference <http://www.rigzone.com/news/event_detail.asp?event_id=196>	New York	
Feb. 7 	Marine Construction 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=166>	Houston	
Feb. 10 	2002 SPE International Petroleum Conference & Exhibition in Mexico <http://www.rigzone.com/news/event_detail.asp?event_id=35>	Villahermosa	
Feb. 26 	2002 IADC/SPE Drilling Conference and Exhibition  <http://www.rigzone.com/news/event_detail.asp?event_id=37>	Dallas	
Feb. 26 	Offshore Oil and Gas Safety Seminars <http://www.rigzone.com/news/event_detail.asp?event_id=214>	Aberdeen	
Feb. 27 	Human Resources in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=194>	Aberdeen	
Mar. 10 	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	Houston	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	Houston	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?! event_id=41>	Houston	
list your conference <http://www.rigzone.com/news/post_event.asp?action=INSERT>	view upcoming events <http://www.rigzone.com/news/event_home.asp>	
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Global Completion Service <http://www.globalcompletion.com>
HoverDril <http://www.hoverdril.com>
Baker Hughes <http://www.bakerhughes.com/inteq/evaluation/index.htm>
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Drilling Mud and Cement Slurry Rheology Manual <http://www.rigzone.com/store/product.asp?p_id=298>	
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International Daywork Drilling Contract - Land <http://www.rigzone.com/store/product.asp?p_id=330>	
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Well Control for Completion and Workover	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Cabot 200 Drilling and Workover Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_id=400>	
 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=400>
	
Oilwell 840-E <http://www.rigzone.com/market/surplus_listing.asp?eq_id=413>	
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more equipment <http://www.rigzone.com/market/>	

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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: ! 	
-	Sr. Drilling Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=983>	
-	I&E Manager <http://www.rigzone.com/jobs/job_posting.asp?p_id=986>	
-	Safety & Regulatory Compliance Specialist <http://www.rigzone.com/jobs/job_posting.asp?p_id=574>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Lead Lease Operator <http://www.rigzone.com/jobs/resume.asp?r_id=8473>	
-	Senior Instrument Technician, Lead Instrument Tech <http://www.rigzone.com/jobs/resume.asp?r_id=! 10072>	
-	Senior Data Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=10068>	
search for candidates >> <http://www.rigzone.com/jobs/search_resume.asp>	
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  <http://www.rigzone.com/images/email/title_tab_RigUtil.gif>	
  <http://www.rigzone.com/images/spacer.gif>	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': 	56.7%	(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)	
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view complete utilization report <http://www.rigzone.com/data/utilization_trends.asp>	

  <http://www.rigzone.com/images/email/title_tab_OilPrices.gif>	
  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$18.00/BBL 
(0.00%)	
Brent Crude Oil: 	! $18.45/BBL 
(0.00%)	
Natural Gas: 	$2.23/MMBtu 
(0.00%)	
Unleaded Gasoline: 	$0.53/gal 
(-1.85%)	
prices from: 	1/21/2002	
change since: 	1/18/2002	
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