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	Friday February 8, 2002	iOTC   			
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[IMAGE]		      [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 Worldwide Offshore Rig Utilization Oil & Gas Prices    [IMAGE]   [IMAGE]       Industry Headlines [IMAGE]      [IMAGE]       OPEC Still Needs Support of Non-OPEC Countries  OPEC continues to need the support of non-OPEC countries to shore up world oil prices.    [IMAGE]   [IMAGE]       Exploration [IMAGE]      [IMAGE]     [IMAGE]  Alaska Announces 5-Year Oil & Gas Leasing Program  Between now and 2006, Alaska is proposing t! o hold five sales each in the Cook Inlet, Beaufort Sea, North Slope, and North Slope Foothills areas.  Magnum Hunter Outlines Plans for Gulf of Mexico Exploration  The Company has made plans to participate in a minimum of seven exploration wells in the GOM during 2002.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]       Petrobras' Output Increases in 2001  Petrobras reported its daily average oil output in 2001 rose to 1.38 million barrels from 1.32 million in 2000 despite the loss of the P-36.  Conoco Replaces 432 Percent of Production in 2001  Conoco added more than 1.2 billion barrels of oil equivalent, including syncrude, to the company's worldwide proved reserves in 2001.FMC Awarded Devils Tower and Medusa Work  FMC Energy Systems has been chosen by Mentor Subsea to provide the wellhead trees and associated services for the Devils Tower Spar and the Medusa Spar projects in the Gulf of Mexico.  Kvaerner Awarded $100 Million Kristin Project  Kvaerner has received a Letter of Intent to provide equipment for ten subsea wells, production controls, and support structures for the Kristin field on the Norwegian shelf.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  McMoRan Sells Main Pass 299 Facilities to OFS  McMoRan Exploration Co. has made an agreement to convey all of FSC's rights, title and interest in its Main Pass 299 sulphur a! nd oil and gas leases and facilities to Offshore Specialty Fabricators, Inc.   Woodside Awards Offshore Trunkline Project to Saipem  The North West Shelf Venture has awarded an offshore installation contract for the second gas supply trunkline to Saipem Comercio Maritimo.  PGS Awarded $33 Million in New Contracts  Petroleum Geo-Services ASA announced that its Seafloor Seismic division has secured new four-component (4C) seismic acquisition contracts valued at $33 million in offshore Nigeria, Norway's North Sea sector and the West of Shetlands area in the North Atlantic.    [IMAGE]   [IMAGE]  advertisement  Mark your calender!  On  Wednesday, February 6th, access to Rigzone's  premium Gulf of Mexico Drilling Permit and Plans database will be open to all rigzone members and website visitors.  Additionally, HR managers and Industry recruiters will have unlimited free access to the Rigzone Career Center.  Take a test drive, we think you will like what you find.           Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Anadarko Plans to Spend $2 Billion in 2002  Anadarko Petroleum Corporation said that its board of directors has approved an initial capital spending budget of $2 billion for 2002 this is down from the $3.3 billion approved for 2001.  Varco Revenue Up 46%  Varco's net income in 2001 more than doubled that of 2000.  Kvaerner and Aker Form Shipbuilding Company  Kvaerner and Aker RGI will establish a jointly owned shipbuilding management company. Together, the two groups own 12 shipyards in Europe, and one in the USA and Brazil.  Vanco Awarded Acreage Offshore Equatorial Guinea  Vanco Energy has been awarded a 10% interest in Block N offshore Equatorial Guinea.  West Navion Experiences More Delays  Operations on the drill ship, West Navion, offshore Canada continues to be suspended, due to repair work on the main sheaves in the RamRig derrick.  McMoRan Successful at Mound Point #2 Well  This well confirms McMoRan's exploration concept for the Mound Point area which is one of the largest geologic structures in the shallow waters offshore Louisiana.  CNR Turns On the Tap At Espoir Field Offshore Cote d'Ivoire  Canadian Natural Resources Limited announces that oil production from the Espoir Field, offshore Cote d'Ivoire, Africa, commenced on February 4, 2002 at 8,500 barrels per day.  Kuwaiti Oil Minister Offers to Step Down  Kuwaiti members of parliament have called for the resignation of the entire govern! ment following last week's explosion at an oil plant where four workers were killed and sixteen were injured.  Unocal Secures OPIC Funds  OPIC will be providing support of up to $350 million in OPIC financing for two of Unocal's offshore oil and natural gas projects in Indonesia.   PDVSA Begins 3 Year Offshore Exploration Program  PDVSA's justlaunched a three-year, $375 million offshore natural gas exploration program in the Atlantic near the Deltana platform area.  Transocean Sedco Forex Announces 2001 Results  Transocean Sedco Forex Inc. reported a fourth-quarter profit after one-time charges pushed it to a loss in the same period of 2000.  Gulf Marine Wins Matterhorn TLP Topsides Project !  Technip-Coflexip Group announced that Atlantia Offshore Limited has awarded Gulf Marine Fabricators a fabrication contract for the Matterhorn dry-tree TLP topsides facility and foundation piles.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Feb. 10    2002 SPE International Petroleum Conference & Exhibition in Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibition   Dallas Feb. 26    Offshore Oil and Gas Safety Seminars  Aberdeen Feb. 27    Human Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Mar. 17    Oil Field Chemistry Symposium - 13th International  Geilo Mar. 20    LNG North America  Houston Apr. 2     e-Business in the E?Industry - Targeting the Value  Houston Apr. 9     2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offshore Technology Conference 2002  Houston  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE]   Click here to go to Baker Hughes  AADE  Global Completion Service  HoverDril  Ocean International   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]   Mapper 1.3  [IMAGE] [IMAGE]  Gulf of Mexico Oil and Gas Activity and Lease Map, 6th Ed.  [IMAGE] [IMAGE]   Gulf of Mexico Activity Report  [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:  - Mechanic  - Crew Vessel Captian  - Sales Engineer   more hot jobs >>   featured candidates:  - Materials, Warehouse Mgmt., Logistics- Offshore Deepwater Engineering Resource  - Project & Quality Management   search for candidates >>   [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000':   57.1% (8/14) +5000':   96.0% (24/25)  Semisubs:  2nd Gen:   69.9% (51/73) 3rd Gen:   84.0% (42/50) 4th Gen:   97.4% (37/38) 5th Gen:   85.7% (6/7)  Jackups:  To 200':   53.7%  (36/67) 200' MC:   50.0% (12/24) 200' MS:   14.3% (3/21) 300' IC:   88.5% (85/96) +300' IC:   94.4% (51/54) Severe Env.:   90.5% (19/21)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  Light Crude Oil:  $19.65/BBL  (-0.15%) Brent Crude Oil:  $19.22/BBL  (-0.26%) Natural Gas:  $2.15/MMBtu  (2.38%) Unleaded Gasoline:  $0.57/gal  (0.00%) prices from:  2/7/2002 change since:  2/6/2002  [IMAGE]   [IMAGE]    [IMAGE] 	[IMAGE]		
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