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	Thursday
March 14, 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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Venezuela Oil Minister Predicts No Change on OPEC Output <http://www.rigzone.com/news/article.asp?a_id=2827>
Venezuelan Oil Minister Alvaro Silva said he doesn't see a change in OPEC output when oil ministers meet Friday in Vienna.

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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/titl! e_Corner.gif>	
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TotalFinaElf Acquires Block 34 in Oman <http://www.rigzone.com/news/article.asp?a_id=2830>
TotalFinaElf has signed an Exploration and Production Sharing Agreement with the Oman Ministry of Petroleum, taking a 100% interest as operator in Block 34.

Tartan Commences 170 Well Dril! ling Program in California <http://www.rigzone.com/news/article.asp?a_id=2826>
Tartan Energy Inc. announces a 170 development well, shallow reserve drilling program to commence in April 2002.

In-Depth Systems Successfully Uses RFID Technology for Marathon Well <http://www.rigzone.com/news/article.asp?a_id=2824>
In-Depth Systems, Inc. has successfully proven its RFID technology for firing the perforation guns to complete a Marathon well in Alaska.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Iran and Greece Ink Natural Gas Trade Agreement <http://www.rigzone.com/news/article.asp?a_id=2832>
Greece and Iran signed an agreement to extend an existing natural gas pipeline to both import gas for Greece's domestic use and to transfer gas to Italy via an underwater pipeline. 

UAE Extends Dolphin Bid Deadline <http://www.rigzone.com/news/article.asp?a_id=2829>
The Unite! d Arab Emirates' Offsets Group has extended the deadline for bids for a 24.5 percent stake in the inter-Gulf Dolphin gas project.

Shell Receives Approval for Goldeneye <http://www.rigzone.com/news/article.asp?a_id=2828>
Shell has received approval from the UK government to develop its Goldeneye field in the North Sea.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Premier Oil Focuses on Exploration <http://www.rigzone.com/news/article.asp?a_id=2831>
Premier Oil intends to shift its focus to the exploration and then sale of promising projects, while scaling back on production and development.

Goodrich Sells Interest in Burrwood/West Delta 83 <http://www.rigzone.com/news/article.asp?a_id=2825>
Goodrich Petroleum Corporation has sold a 30% interest in its Burrwood and West Delta 83 fields in Plaquemines Parish,! Louisiana, for $12 million.

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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.

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.

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.

Weatherford Ac! hieves 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.

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.

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 to the global oil and gas industry.

Trinidad & Tobago Government Wants to Increase Royalties <http://www.rigzone.com/news/article.asp?a_id=2799>
The Trinidad and Tobago government wants to renegotiate an increase in gas royalties with BP which would dramatically increase state revenues.

SA Five Engineering Wins Upgrade Contract
Bluewater Energy Services B.V. has awarded a contract to SA Five Engineering for the upgrade of the FPSO Glas Dowr.

BHP Awards Contract for Angostura Development <http://www.rigzone.com/news/article.asp?a_id=2816>
BHP awards CSO Aker Engineering the FEED contract for development of its Angostura project offshore Trinidad.

Ensco 7500 Will Experience Downtime During 1Q 2002 <http://www.rigzone.com/news/article.asp?a_id=2814>
The semisub, Ensco 7500, will spend approximately 30 days in the shipyard during the 1st quarter of 2002 for repairs to her hull.

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.

DONG To Bring Two Fields Onstream in 2003 <http://www.rigzone.com/ne! ws/article.asp?a_id=2788>
Two new oil fields in the Danish part of the North Sea, Nini and Cecilie, are expected to go on stream in the summer of 2003.

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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	
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Dreco 1000 UE Land Rigs	
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Ideco DIR 805 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=431>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Chemical Systems Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=1098>	
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more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Workover Recompletion Consultant <http://www.rigzone.com/jobs/resume.asp?r_id=11452>	
-	Domestic & International Drilling Consultant <http://www.rigzone.com/jobs/resume.asp?r_id=11446>	
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  <http://www.rigzone.com/images/spacer.gif>	Drillships:	
To 5000': 	57.1%	! (8/14)	
+5000': 	96.0%	(24/25)	
Semisubs:	
2nd Gen: 	66.7%	(48/72)	
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: 	50.0%	(12/24)	
200' MS: 	19.0%	(4/21)	
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: 	$24.14/BBL 
(-1.47%)	
Brent Crude Oil: 	$23.89/BBL 
(0.80%)	
Natural Gas: 	$2.80/MMBtu 
(-7.59%)	
Unleaded Gasoline: 	$0.79/gal 
(-1.25%)	
prices from: 	3/13/2002	
change since: 	3/12/2002	
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