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	Wednesday January 30, 2002	[IMAGE]   				
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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]       Woodside Hits with Enfield-4 Appraisal Well   Woodside Petroleum Ltd said its Enfield-4 appraisal well offshore Western Australia had found oil.  Petro-Canada Acquires Veba Assets  Petro-Canada announced that it has agreed to acquire the international oil and gas operations of Veba Oil & Gas Gmbh from Veba and BP p.l.c. for a price of Cdn $3.2 billion in cash.   [IMAGE]   [IMAGE]  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 [IMAGE]      [IMAGE]     [IMAGE]  Murphy To Begin Drilling At Sepang Field Offshore Malaysia  Murphy Oil Corp. plans to begin drilling its first exploratory well in the Sepang field located offshore Sarawak Block SK 309 later this week.  BG Considers Exploration Offshore Greenland  BG Group is considering exploring for oil offshore Greenland's west coast.  OMV Tests Well in Block 111 Offshore Vietnam  OMV has completed a well in a previously unexplored area offshore of Vietnam and is preparing to test the structure.  Venezuelan Field Falls Short of Expectations  The consortium operating Venezuela's LL-652 field large fourth-quarter write-downs as the block continues to fall short of expectations.    [IMAGE]          Production [IMAGE]   [IMAGE]  [IMAGE]  [IMAGE] Duke Energy Begins Construction on Tasmanian Gas Pipeline  Duke Energy International has started on the A$400 million undersea gas pipeline that will deliver gas beneath Bass Strait to Tasmania for the first time.        [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  Westfort Files Lawsuit Against Patterson Drilling  Westfort has filed a lawsuit against Patterson Petroleum L.P. and Patterson Drilling L.P. in connection with the Pelahatchie Field in Mississippi.  ENSCO Announces Senior Management Changes  ENSCO International Incorporated announced that Cary A. Moomjian, Jr. has joined the Company and will s! erve as Vice President, General Counsel and Secretary.  CHC Wins Phillips Contract  CHC Helicopter Corporation has been awarded a new offshore transportation contract by Phillips Petroleum.  Technip Coflexip Lands Brunei Development Project  Technip-Coflexip has recently been awarded a contract by Brunei Shell Petroleum Co. for its Egret Phase 1 Gas Development Project, offshore Brunei.    [IMAGE]   [IMAGE]       Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Kvaerner Awarded  Escravos FEED Contract  Kvaerner has been awarded the FEED work for the Escravos Gas Project Phase 3 by NNPC/Chevron.  Court Rules on Offshore Inju! ry Case  United States Fifth Circuit Court of Appeals decides that wireline perforation used in drilling and capping wells is not "ultrahazardous".  Conoco Sets Budget for 2002  Conoco to spend the majority of its $2.8 billion dollar budget on upstream operations in 2002.  Transocean Puts Two Rigs Back to Work  Transocean Sedco Forex Inc. has been awarded contracts for two high-specification floating drilling rigs and has received a contract extension on a third high-specification floating drilling rig.   Pogo Plans Aggressive Capital Program in 2002  Pogo's Board of Directors has approved a $340 million capital and exploration budget for 2002 and has planned an aggressive exploration and drilling schedule.  Kvaerner To Open New Umbilicals Facility  Kvaerner has decided to invest NOK 100 million in a new umbilicals production facility for the subsea segment of the oil and gas industry in the Gulf of Mexico or Houston area.  AEC and PanCanadian Confirms Merger Plans  Alberta Energy Company and PanCanadian join forces in a "merger of equals" that will create one of North America's largest independent energy companies.  Shell Hits Offshore Nigeria  Shell Nigeria has made a significant discovery in the deep waters offshore Nigeria.  Marathon Makes Discovery in Alaska  Marathon oil has made a significant discovery on its Ninilchik Prospect located approximately 35 miles south of Kenai, Alaska.  Bouygues/Saipem Awarded Algerian Contract  Sonatrach has awarded a joint venture of Saipem and Bouygues a $257 million oilfield development project in Algeria.  Trident Appraisal Well Successful  Unocal Corporation said that it continues to be encouraged after successfully completing the first appraisal well at the Trident deepwater Gulf of Mexico discovery in Alaminos Canyon Block 903.  Unocal Installs Production Platform Offshore Indonesia  Unocal's Yakin field production platform was installed using a float over and ballast down technique resulting in a substantial cost and time savings for Unocal.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Feb. 6     Torch Mid-Winter Energy Conference  New York Feb. 7     Marine Construction 2002  Houston 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. 20    LNG North America  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] [IMAGE]  Horizon Offshore  Global Completion Service  HoverDril  Baker Hughes   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Emergency Helicopter Abandonment  [IMAGE] [IMAGE]  Offshore Shipbuilders and Fabrication Yards of the World - 2nd edition  [IMAGE] [IMAGE]  Offshore Helicopter Operations  [IMAGE]  [IMAGE]   [IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  featured equipment: 15 Land Rigs   [IMAGE]   Wartsila Generator Sets  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs:  - Process Engineer  - Senior Drilling Consultant  - General Manager   more hot jobs >>   featured candidates:  - Deepwater Drilling Manager & Operations Engineer  - Purchasing Manager  - International MBA   search for candidates >>   [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000':  50.0% (7/14)  +5000':   96.0% (24/25)  Semisubs:  2nd Gen:   69.9% (51/73) 3rd Gen:   86.0% (43/50) 4th Gen:   97.4% (37/38) 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:   86.5% (83/96) +300' IC:   92.6% (50/54) Severe Env.:   90.5% (19/21)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  Light Crude Oil:  $18.34/BBL  (-8.76%) Brent Crude Oil:  $19.22/BBL  (-1.94%) Natural Gas:  $2.00/MMBtu  (4.17%) Unleaded Gasoline:  $0.56/gal  (-3.45%) prices from:  1/29/2002 change since:  1/28/2002  [IMAGE]   [IMAGE]   	[IMAGE]	

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