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Date: Thu, 27 Dec 2001 16:46:34 -0800 (PST)
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=09=09=09[IMAGE]=09=09
=09Friday December 28, 2001=09Petrocom   =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 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]       Pemex  Encounters Natural Gas =
Development Oppositon   Pemex runs into opposition on plans to raise the fo=
riegn investment capital needed to for natural gas development plans    [IM=
AGE]   [IMAGE]     Exploration [IMAGE]        [IMAGE]     [IMAGE]  Repsol O=
ffshore Exploratory Licenses Too close to Morrocco  Morocco has denounced S=
pain's violation of the country's maritime territory after Madrid distribut=
ed offshore oil prospection licenses for the Canary Islands in Moroccan con=
trolled seas.   BP Awards Caspian Geophysical a Marine Seismic Contract  BP=
 has awarded Caspian Geophysical a major marine seismic contract offshore A=
zerbaijan    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [I=
MAGE]  Gullfaks Turns 15  December 22nd marks the 15th anniversary of the G=
ullfaks development in the North Sea.  Phillips Gets Go-Ahead for Bayu-Unda=
n Development Project  Phillips Petroleum receives approval from the East T=
imor Council of Ministers to proceed on the development of the Bayu-Undan g=
as project.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]    =
  [IMAGE]     [IMAGE]  Delta Petroleum to Buy Piper Petroleum  Delta Petrol=
eum Corporation, an independent energy exploration and devel! opment compan=
y, has entered into an agreement to purchase Piper Petroleum Company, a pri=
vately owned oil and gas company headquartered in Fort Worth, Texas.  Vecto=
r Energy Announces Second Quarter Results   Vector Energy Corporation annou=
nced today the results of the second quarter ended Oct. 31, 2001  Kinder Mo=
rgan Buys Tejas  Kinder Morgan Energy Partners LP of Houston entered into a=
n agreement to purchase Tejas Gas LLC for approximately $750 million in cas=
h.   Nexen Sets Next Years Budget   Nexen's new capital budget is 1.24 bill=
ion dollars. About $240 million is scheduled for worldwide exploaration pro=
jects.    [IMAGE]   [IMAGE]  advertisement  A National-Oilwell designed, 19=
92 built modular offshore drilling rig is available for sale direct from th=
e 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 d=
etails, photos and seller contact information:   http://www.rigzone.com/mar=
ket/surplus_listing.asp?eq_id=3D397            Last 7 Days Top Stories [IMA=
GE]      [IMAGE]     [IMAGE]  Petrobras Acquires 75% Stake in Block OPL324 =
Offshore Nigeria  Petrobras has inked a deal for a 30-year contract on bloc=
k OPL324 offshore Nigeria.  The company would have a 75% interest in the bl=
ock and serve as operator.  Shell Awards Landmark E?Data Contract  Landmark=
 has been awarded a three-year E?data management contract by Shell.  Landma=
rk will manage over two terabytes of seismic data using the PetroBank syste=
m.  Oman to Cut Production by 40,000 bpd  Oman pledges to cut an additional=
 15,000 bpd bringing its total production cut to 40,000 bpd.  Conoco Acquir=
es Additional Interests Offshore Vietnam  Conoco Inc. announced its agreeme=
nt with Statoil ASA to purchase a portion of its interests in the $1.3 bill=
ion Na! m Con Son natural gas project, offshore Vietnam.  Stena Don Heads t=
o Work  Statoil has taken delivery of the Stena Don.  The newbuild semisubm=
ersible will drill its first well on the Staer prospect offshore Norway.  R=
epsol, British Gas and TotalFinaElf to Explore Offshore Argentina  Repsol a=
nd British Gas have been joined by TotalFinaElf to explore offshore Souther=
n Argentina.  Patterson/UTI Energy, Inc  Buys Clere Drilling Company Assets=
  PATTERSON-UTI ENERGY, INC. the second-largest operator of land-based oil =
and natural gas drilling rigs in North America, today announced the acquisi=
tion of 17 land-based drilling rigs from Cleere Drilling Company   Gazprom =
To Borrow $100 Billion Rubles to Finance Exploration  Gazprom is seeking to=
 borrow $100 billion rubles to finance exploration and increase natural gas=
 output in 2002.  ENI and NNPC Form Exploration Joint Venture  ENI and Nige=
rian National Petroleum Corp. and formed an alliance to explore for Block 2=
44 offshore Nigeria.  Statoil Orders Two More Carriers for Snohvit  Statoil=
 and its partners have entered into an agreement with K-line and Mitsui for=
 the construction of two new LNG carriers to be used on the Snohvit field i=
n the Barents Sea.  Landmark and SGI Jointly Market GeoProbe Software  Land=
mark and SGI team up to market the GeoProbe visualization software that was=
 developed by Magic Earth.  Wellstream Achieves ISO 14001 at UK Facility  H=
alliburton's Wellstream business unit achieves ISO 14001 and OHSAS 18001 ce=
rtifications at its UK facility.    [IMAGE]   [IMAGE]  advertisement  "From=
 The Rigzone Career Center" I am a 1983 Louisiana Tech Petroleum Engineerin=
g graduate with 18 years of Amoco, Conoco and Ocean Energy deepwater drilli=
ng engineering  experience.  I have been and would like to continue to be a=
n effective member of a drilling team involved with planning, rig selection=
, and operational performance measurement.  Click here for detailed informa=
tion regarding my experience and qualifications.            Upcoming Oil & =
Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Jan. 22    Alliances =
and Partnering in Oil & Gas   Singapore Feb. 7     Marine Construction 2002=
  Houston Feb. 10    2002 SPE International Petroleum Conference & Exhibiti=
on in Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and=
 Exhibition DallasMar. 10    AAPG Annual Meeting  Houston Apr. 9     2002 S=
PE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offsho=
re Technology Conference 2002  Houston Aug. 27    ONS 2002 Conference and E=
xhibition  Stavanger Oct. 6     Society of Exploration Geophysicists Annual=
 Meeting  Salt Lake City Oct. 15    Permian Basin International Oil Show  O=
dessa  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [I=
MAGE]    [IMAGE] [IMAGE]  Halliburton  INTEC Quest Offshore  Horizon Offsho=
re  Global Completion Service   [IMAGE]   [IMAGE]   promote your company   =
   [IMAGE] [IMAGE]  [IMAGE]  Petroleum Production in Nontechnical Language,=
 2nd Edition  [IMAGE] [IMAGE]  Survey Vessels of the World, 4th Ed.  [IMAGE=
] [IMAGE]  Modern Petroleum Technology, 6E, 2 Vol. Set  [IMAGE]  [IMAGE]   =
[IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  f! eatured equipmen=
t: Dreco 1000 UE  Land Rigs  [IMAGE]   Gardner Denver PZ-8s  [IMAGE]   [IMA=
GE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs:  - Lan=
d (Drilling) Safety Technician  - Land (Drilling) Safety Technician  - Sr. =
Cost Engineer   more hot jobs >>   featured candidates:  - work history  - =
Driller  - Offshore Production Supervisor   search for candidates >>   [IMA=
GE]   [IMAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000':   50.0% (7/14) +=
5000':   100.0% (25/25)  Semisubs:  2nd Gen:   68.5% (50/73) 3rd Gen:   82.=
0% (41/50) 4th Gen:   100.0% (38/38) 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:   87.5% (84/96) +300' IC:   88.9% (48/54) Severe Env.:   81.0% (17/21=
)  [IMAGE]   [IMAGE]   view ! complete utilization report      [IMAGE] [IMA=
GE]  Light Crude Oil:  $20.90/BBL  (-1.28%) Brent Crude Oil:  $20.34/BBL  (=
5.23%) Natural Gas:  $2.65/MMBtu  (-7.34%) Unleaded Gasoline:  $0.59/gal  (=
-1.67%) prices from:  12/27/2001 change since:  12/26/2001  [IMAGE]   [IMAG=
E]    [IMAGE] =09[IMAGE]=09=09
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=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 =
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