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	Friday
December 14, 2001	Schlumberger <http://www.connect.slb.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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Capitol Hill Demands Explanations from Enron <http://www.rigzone.com/news/article.asp?a_id=2208>
Capitol Hill is demanding explanations on the dramatic collapse of Enron Corp.

Norway Announces Blocks to be Included in the 17th Licensing Round <http://www.rigzone.com/news/article.asp?a_id=2203>
Norway's 17th licensing round will include a total of 32 blocks in both deep and shallow water locations.

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Second Phase on Keith Field to Begin in 2002 <http://www.rigzone.com/news/article.! asp?a_id=2202>
BHP and its partners in the Keith field have agreed to proceed with a second phase of development by drilling a further single sub-sea production well at a cost of US $43 million.

OMV Makes Discovery in Libya <http://www.rigzone.com/news/article.asp?a_id=2201>
OMV and its joint venture partners have made a considerable oil discovery in the Murzuk Basin in Libya.

Norsk Hydro Hits in Visund <http://www.rigzone.com/news/article.asp?a_id=2199>
Norsk Hydro has found oil in two separate zones while drilling exploration well 34/8-12S in the Visund South prospect in the Norwegian sector of the North Sea.

Conoco Awarded Block Offshore Indonesia <http://www.rigzone.com/news/article.asp?a_id=2194>
The Indonesian government awarded the Nila block in the West Natuna Sea partners Conoco Nila Ltd. and Inpex Natuna, Ltd.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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ExxonMobil Completes Several Wells in the Gulf of Mexico <http://www.rigzone.com/news/article.asp?a_id=2204>
ExxonMobil Corporation announced the completion of the Hawkes and Timber Wolf exploration wells in the Mississippi Canyon area of the Gulf of Mexico.

Norsk Hydro Upgrades the Oseberg C Platform <http://www.rigzone.com/news/article.asp?a_id=2200>
Norsk Hydro and its partners on the Oseberg oil and gas field in the North Sea have decided to build a new compressor module on the Oseberg C platform.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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BJ Services to Use MainControl for Technology Needs <http://www.rigzone.com/news/article.asp?a_id=2207>
MainControl Inc. announced that BJ Services Company has sel! ected MainControl's MC/EMpower(TM) to provide seamless tracking and management of remote corporate technology assets internationally.

Devon Energy to Sell Latin American Assets <http://www.rigzone.com/news/article.asp?a_id=2206>
Devon Energy is planning to sell several of its Latin American assets, located in Argentina and Brazil.

Murphy Plans to Spend $866 Million in 2002 <http://www.rigzone.com/news/article.asp?a_id=2205>
Murphy Oil Corporation announces a capital program of $866 million for 2002, essentially level with spending during 2001.

Ocean Energy Focuses on Gulf of Mexico in 2002 <http://www.rigzone.com/news/article.asp?a_id=2198>
Approximately half of Ocean Energy $650 million budget for 2002 will be spent in the Gulf of Mexico.

Samedan Acquires Aspect Energy Assets <http://www.rigzone.com/news/article.asp?a_id=2197>
Samedan acquires Aspect Energy assets along the Texas! and Louisiana Gulf Coast in deal valued at $125 million.

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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: 

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Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Bouygues Signs AIOC Contract <http://www.rigzone.com/n! ews/article.asp?a_id=2183>
Following an interim accord with the AIOC consortium on July 11, Bouygues Offshore has signed a contract worth US $163 million to supply offshore structures for the Azeri field.

Pioneer Sets Budget for 2002 <http://www.rigzone.com/news/article.asp?a_id=2184>
Pioneer Natural Resources Company announced that its Board of Directors has approved a 2002 development and exploration capital budget of $425 million.

DONG Buys Norwegian Minnow for $46.6 Million <http://www.rigzone.com/news/article.asp?a_id=2158>
The owners of Pelican signed a letter of intent December 7th to sell the company to Denmark's DONG for NOK250 ($27.9) per share.

Phillips Announces 2002 Budget <http://www.rigzone.com/news/article.asp?a_id=2172>
The board of directors of Phillips Petroleum Company has approved $3.5 billion for capital projects in 2002.

ChevronTexaco Interested in Joining Baku-Ceyhan Pipeline <http://! www.rigzone.com/news/article.asp?a_id=2177>
ChevronTexaco confirmed its plans to join the projected Baku-Ceyhan pipeline, to run from Azerbaijan to Turkey.

Halliburton Expands Relationship with Vanco Energy <http://www.rigzone.com/news/article.asp?a_id=2191>
Halliburton continues to build upon its relationship with Vanco Energy by signing an agreement for engineering and consulting services in several deepwater regions offshore West Africa.

Houston Exploration to Spend $270 Million in 2002 <http://www.rigzone.com/news/article.asp?a_id=2141>
The Company has estimated its 2002 capital program to total $270 million, which includes planned drilling and development of the additional South Texas property acquisition.

Denbury Revises 2002 Budget <http://www.rigzone.com/news/article.asp?a_id=2173>
Denbury Resources Inc. has reduced its projected! 2002 development and exploration budget by approximately 20%.

Statoil Orders New LNG Carrier <http://www.rigzone.com/news/article.asp?a_id=2188>
Statoil has placed an order with Leif Hoegh & Co and Mitsui OSK Lines for an LNG tanker to ship LNG from the Snohvit field to Melkoya.

Indonesia Will Tender 17 Blocks for Exploration <http://www.rigzone.com/news/article.asp?a_id=2192>
Indonesia will tender 17 areas for oil exploration. Tender documents will be available January/February 2002.

BHP Expected to Spend Big Bucks on Mad Dog <http://www.rigzone.com/news/article.asp?a_id=2148>
BHP is set to commit $300 million to the development of the Mad Dog field in the Gulf of Mexico.

Shell & Halliburton Get Behind Enventure <http://www.rigzone.com/news/article.asp?a_id=2150>
Enventure Global Technology has secured agreements from Shell and Halliburton that will accelerate the global roll-o! ut of its solid expandable tubular products.

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American Material Resources, Inc. offers McMaster-Carr Supply Company Catalog items at a discount price...E-Mail (amrsales@ocinet.net <mailto:amrsales@ocinet.net>) or fax your inquries to us at 970-325-0505, attention Donna Morss, Sales. All we need for 24-hour turnaround on quotes is the McMaster part number and quantity. www.amrsales.com <http://www.amrsales.com>	

	

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Jan. 22 	Alliances and Partnering in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=75>		
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	
Mar. 10 	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	Houston	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=41>	Houston	
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	Houston	
Aug. 27 	ONS 2002 Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=80>	Stavanger	
Oct. 6 	Society of Exploration Geophysicists Annual Meeting	Salt Lake City	
Oct. 15 	Permian Basin International Oil Show <http://www.rigzone.com/news/event_detail.asp?event_id=30>	Odessa	
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Dreco 1000 UE Land Rigs <http://www.rigzone.com/market/surplus_listing.asp?eq_id=399>	
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Ideco H-35 DD Drive-in Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_id=40! 5>	
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-	Project Managers - Expandable Tubulars  <http://www.rigzone.com/jobs/job_posting.asp?p_id=594>	
-	Lafayette Based Pneumatic Fitter <http://www.rigzone.com/jobs/job_posting.asp?p_id=917>	
-	Chief Financial Officer <http://www.rigzone.com/jobs/job_posting.asp?p_id=928>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Facility Manager/Superintendent <http://www.rigzone.com/jobs/resume.asp?r_id=7957>	
-	Drilling Consultant- Offshore-Deepwater <http://www.rigzone.com/jobs/resume.asp?r_id=7462>	
-	Senior Sales and Marketing Service Specialist  <http://www.rigzone.com/jobs/resume.asp?r_id=7383>	
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': 	96.0%	(24/25)	
Semisubs:	
2nd Gen: 	69.9%	(51/73)	
3rd Gen: 	84.0%	(42/50)	
4th Gen: 	100.0%	(38/38)	
5th Gen: 	100.0%	(7/7)	
Jackups:	
To 200': 	55.2%	(37/67)	
200' MC: 	58.3%	(14/24)	
200' MS: 	14.3%	(3/21)	
300' IC: 	85.4%	(82/96)	
+300' IC: 	87.0%	(47/54)	
Severe Env.: 	76.2%	(16/21)	
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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>	West Texas Intermediate: 	$18.38/BBL 
(1.66%)	
Saudi Arabian Light: 	$16.71/BBL 
(-2.05%)	
North Sea Brent: 	$17.84/BBL 
(1.71%)	
Natural Gas, Henry Hub: 	$2.47/MMBtu 
(-1.99%)	
prices from: 	12/12/2001	
change since: 	12! /11/2001	
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