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	Tuesday
March 12, 2002	 <http://www.sgievent.com/upstream/> 		
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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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PDVSA Employees Begin Work Delay <http://www.rigzone.com/news/article.asp?a_id=2812>
Monday PDVSA employees started a work slowdown aimed at operations, a spokesman for protesting executives and workers said.

Chiles Discovery Christened in Singapore  <http://www.rigzone.com/news/article.asp?a_id=2810>
The Chiles Offshore new-build jackup, Chiles Discovery was christened at the Keppel FELS shipyard in Singapore this past weekend.

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Landmark Graphics Releases SpecDecomp 

Landmark Graphics Corporation has released SpecDecomp(TM), a new, innovative reservoir imaging and interpretation technology solution. SpecDecomp provides greater resolution of reservoir boundaries, heterogeneities and thickness than previously possible with traditional broadband seismic displays. For more information click here <http://www.rigzone.com/news/article.asp?a_id=2805>.

	

Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Mali Government Selects IndigoPool to Promote 2002 Leasing Round <http://www.rigzone.com/news/article.asp?a_id=2804>
I! ndigoPool.com was selected by the Republic of Mali to host the Malian Basins Promotion 2002 which includes 15 exploration tracts.

Newfield Hits in Gulf of Mexico <http://www.rigzone.com/news/article.asp?a_id=2803>
Newfield has made two discoveries in the Gulf of Mexico and expects production from these discoveries to commence by the end of this year.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Statoil Begins Preliminary Work on Snohvit Subsea System <http://www.rigzone.com/news/article.asp?a_id=2811>
Work has begun at Statoil on qualifying technology for the record-long umbilical which will link its Snohvit development in the Barents Sea with the land facilities in northern Norway.

NWS Signs LNG Sales Agreement <http://www.rigzone.com/news/article.asp?a_id=2809>
North West Shelf inks deal to sell one million tons of LN! G per year to Osaka Gas of Japan starting in 2004.

South Pars Gas Field Comes OnStream <http://www.rigzone.com/news/article.asp?a_id=2808>
TotalFinaElf together with partners Gazprom and Petronas have brought on stream Phases 2 and 3 of the South Pars gas field offshore Iran.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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BJ Services Clears Waiting Period for Merger with OSCA <http://www.rigzone.com/news/article.asp?a_id=2807>
BJ Services has received notice that early termination of the Hart-Scott-Rodino waiting period was granted on March 8, 2002, for its planned acquisition of OSCA, Inc.

Aker Kvaerner Launches New Company <http://www.rigzone.com/news/article.asp?a_id=2806>
Today, Kvaerner launched a new company to be known as 'Aker Kvaerner' which will supply products, services, technology and solutions t! o the global oil and gas industry.

Landmark Graphics Releases SpecDecomp <http://www.rigzone.com/news/article.asp?a_id=2805>
Landmark Graphics Releases SpecDecomp, a high-resolution reservoir imaging and interpretation solution.

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Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Parker Drilling Awarded Sakhalin Drilling Project <http://www.rigzone.com/news/article.asp?a_id=2785>
Parker Drilling Company has been awarded new contracts to build and operate a rig to drill extended reach wells to offshore targets from a land-based location on Sakhalin Island, Russia.

Halliburton Performs First Downhole Well Testing Using ATS <http://www.rigzone.com/news/article.asp?a_id=2752>
Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry System (ATS(TM)) for Gaz de France,! off the coast of the Netherlands.

Talisman Hits Offshore Trinidad <http://www.rigzone.com/news/article.asp?a_id=2786>
Talisman Energy Inc. has announced its Kairi-2 appraisal well in Trinidad has tested oil.

Weatherford and Shell Accelerate Expandable Technology Development <http://www.rigzone.com/news/article.asp?a_id=2759>
Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology.

PDVSA Employees Increase Protests <http://www.rigzone.com/news/article.asp?a_id=2793>
Dissident employees of PDVSA decided to intensify their campaign in protest of recnet senior management changes.

TotalFina Elf Shuts In Wells Due to Gas Blowout <http://www.rigzone.com/news/article.asp?a_id=2757>
TotalFinaElf has begun efforts to stop the flow of natural gas and regain control of a well which erupted Friday afternoon during drilling operations in East! Kalimantan.

Technip Wins Saudi Expansion Project <http://www.rigzone.com/news/article.asp?a_id=2764>
Technip-Coflexip has been awarded, by Saudi Arabian Oil Company, a major lump sum turnkey contract for the expansion of the Berri gas plant.

Weatherford Achieves Milestone <http://www.rigzone.com/news/article.asp?a_id=2789>
Weatherford's Completion Systems division has successfully deployed its first Expandable Liner Hanger in YPF Maxus' Cinta E-11 well offshore Indonesia.

ONGC is Looking for Deepwater Partners <http://www.rigzone.com/news/article.asp?a_id=2766>
ONGC is actively searching for joint venture partners to develop deepwater exploration blocks offshore India's east and west coasts. 

FMC Awarded $16 Million Brazilian Subsea Contract <http://www.rigzone.com/news/article.asp?a_id=2756>
FMC Energy Systems business has been awarded contracts valued at $16 million to supply s! ubsea production solutions for Petrobras and Halliburton KBR offshore Brazil.

PetroQuest Sells Valentine Field <http://www.rigzone.com/news/article.asp?a_id=2751>
PetroQuest Energy, Inc. has sold its interest in Valentine Field to an undisclosed purchaser for $18.6 million.

UK Gets Tough On Oil Companies <http://www.rigzone.com/news/article.asp?a_id=2769>
The United Kingdom set tough new investment rules for North Sea licenses this week.

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The SGI Energy Summit 2002 - Visualizing the Future
 <http://www.sgievent.com/upstream/> Hear what leaders of top corporations, crucial software providers, and key policy makers have to say about the impact of advanced technology on the future of our industry. This summit promises to fish for all the critical answers to this industry's future success. To learn more, click here! <http://www.sgievent.com/upstream/>	

	

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Mar. 17 	Oil Field Chemistry Symposium - 13th International <http://www.rigzone.com/news/event_detail.asp?event_id=224>	Geilo	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	Houston	
Apr. 2 	e-Business in the E&P Industry - Targeting the Value <http://www.rigzone.com/news/event_detail.asp?event_id=228>	Houston	
Apr. 7 	CORROSION/2002 <http://www.rigzone.com/news/event_detail.asp?event_id=254>	Denver	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=41>	Houston	
May. 1 	Nigeria Oil & Gas 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=256>	London	
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	Houston	
May. 21 	Oil and Gas in the Gulf of Guinea <http://www.rigzone.com/news/event_detail.asp?event_id=263>	London	
Jun. 23 	Ocean Mechanics and Arctic Engineering 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=219>	Oslo	
Aug. 27 	ONS 2002 Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=80>	Stavanger	
list your conference <http://www.rigzone.com/news/post_event.asp?action=INS! ERT>	view upcoming events <http://www.rigzone.com/news/event_home.asp>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Gardner Denver 1100 SCR Rig <http://www.r! igzone.com/market/surplus_listing.asp?eq_id=433>	
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National 110 M <http://www.rigzone.com/market/surplus_listing.asp?eq_id=432>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Drilling and Completions Operations Specialist <http://www.rigzone.com/jobs/job_posting.asp?p_id=1099>	
-	Port Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=1097>	
-	Production Superintendent <http://www.rigzone.com/jobs/job_posting.asp?p_id=1094>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Deep water service Eng. (Drilling & Completion) <http://www.rigzone.com/jobs/resume.asp?r_id=11384>	
-	Field Service Supervisor <http://www.rigzone.com/jobs/resume.asp?r_id=11343>	
-	Warehouse/Purchasing Supervisor <http://www.rigzone.com/jobs/resume.asp?r_id=11375>	
! 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': 	57.1%	(8/14)	
+5000': 	96.0%	(24/25)	
Semisubs:	
2nd Gen: 	69.4%	(50/72)	
3rd Gen: 	82.0%	(41/50)	
4th Gen: 	94.7%	(36/38)	
5th Gen: 	85.7%	(6/7)	
Jackups:	
To 200': 	56.1%	(37/66)	
200' MC: 	41.7%	(10/24)	
200' MS: 	14.3%	(3/21)	
300' IC: 	89.6%	(86/96)	
+300' IC: 	94.4%	(51/54)	
Severe Env.: 	85.7%	(18/21)	
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view complete utilization report <http://www.rigzone.com/data/utilization_trends.asp>	

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  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$24.34/BBL 
(2.10%)	
Brent Crude Oil: 	$23.89/BBL 
(2.40%)	
Natural Gas: 	$3.04/MMBtu 
(8.57%)	
! Unleaded Gasoline: 	$0.79/gal 
(2.60%)	
prices from: 	3/11/2002	
change since: 	3/8/2002	
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