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	Friday
February 22, 2002	 <http://oad.realmedia.com/RealMedia/ads/click_nx.ads/UMUK_Rigzone.WeeklyNewsletter/THURAYA01_RIGWNMW02/102150216415210>		
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Current Oil and Gas Industry News
Top Stories for the Past 7 Days
Featured Events and Conferences
What's in Store - Books & More

Featured Employment Opportunities
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Worldwide Offshore Rig Utilization
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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Colombian Pipelines Attacked Again <http://www.rigzone.com/news/article.asp?a_id=2679>
Marxist rebels bombed Colombia's much-attacked Cano Limon oil pipeline, as conflict with the government intensified after the breakdown of peace talks.

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Perenco Hits Offshore Gabon <http://www.rigzone.com/news/article.asp?a_id=2681>
Perenco announces a new oil discovery named Ompoyi, offshore Gabon.

Canadian Superior Completes Offshore Survey <http://www.rigzone.com/news/article.asp?a_id=2675>
Canadian Superior has completed the wellsite surveying for the Marquis prospect offshore Nova Scotia.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Qatar and Shell Ink GTL Agreement  <http://www.rigzone.com/news/article.asp?a!>
Qatar Petroleum and Shell plan have agreed to do a study on the development of a GTL scheme to link with the North Field upstream project.

ExxonMobil and ChevronTexaco Deny Balkan Pipeline Talks <http://www.rigzone.com/news/article.asp?a_id=2683>
ExxonMobil and ChevronTexaco have denied claims that they are considering building a trans-Balkan pipeline.

Jintan Field Onstream by 2003 <http://www.rigzone.com/news/article.asp?a_id=2680>
Nippon Mitsubishi Oil Corp said that gas production at the Jintan field off the east Malaysian state of Sarawak will start in the third quarter of 2003.

BP To Bring Aspen Discovery Online by Year End <http://www.rigzone.com/news/article.asp?a_id=2678>
Development of Aspen will be completed with subsea completions, located on Green Canyon block 243, tied back to a host platform and production should begin by the end of this year! .

Brutus TLP Down for Repairs <http://www.rigzone.com/news/article.asp?a_id=2676>
Shell has shut in its Brutus tension leg platform due to valve failures in the production processing system.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Bakery Energy Has Record Year <http://www.rigzone.com/news/article.asp?a_id=2686>
Michael Baker Corporation reported record earnings for 2001, as well as a 90 percent increase in operating income.

Statoil Sets Framework for Subsea Contracts <http://www.rigzone.com/news/article.asp?a_id=2684>
Statoil is to enter into frame agreements with FMC Kongsbery Subsea AS, ABB Offshore Systems and Kvaerner Oilfield Products for the delivery of subsea systems.

Ocean Rig's Cost for the Eirik Raude Goes Up <http://www.rigzone.com/news/article.asp?a_id=2682>
The most recent estimate show that the compl! etion of the Eirik Raude at the yard in Canada will result in increased costs compared to previous estimates.

Nexen Acquires Additional Interest in Aspen Project <http://www.rigzone.com/news/article.asp?a_id=2677>
Nexen Inc. has increased its interest in the Aspen Field, located in 3,150 feet of water on Green Canyon Block 243 in the Gulf of Mexico, from 20% to 60%.

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Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Hydralift Acquires AmClyde <http://www.rigzone.com/news/article.asp?a_id=2654>
Hydralift ASA has entered into a contract to acquire substantially all of the assets and activities of AmClyde Engineered Products Company, Inc. from the bankruptcy estate of Friede Goldman Halter, Inc.

Offshore Liftboat Sinks in the Gulf of Mexico <http://www.rigzone.com/news/article.asp?a_id=2664>
Nineteen rig workers were rescued from the choppy waters! off the Alabama coast as the wreckage of the liftboat floated nearby.

Russian Environmentalists Seeking Sakhalin Drilling Ban <http://www.rigzone.com/news/article.asp?a_id=2639>
A Moscow court will hear a lawsuit in April filed by Russian environmental groups seeking to ban oil and gas projects off Sakhalin island in the Russian Far East.

Tesco Awarded Algerian Drilling Contract <http://www.rigzone.com/news/article.asp?a_id=2645>
The Company has entered into an agreement with Steppe Forage, a major Algerian water well drilling contractor, to Casing Drill(TM) six water wells in western Algeria.

BP Announces GOM Pipeline Construction Plans <http://www.rigzone.com/news/article.asp?a_id=2653>
BP announced plans for the construction of three large-diameter crude oil pipelines to transport oil from the company's major discoveries in the deepwater Gulf of Mexico.

BP Renames Gulf of Mexico Discovery <http://www.rigzone.com/news/article.asp?!>
BP announced it has retired the name Crazy Horse, and has re-named its major Gulf of Mexico discovery Thunder Horse.

Brunei Creates New State-Owned Oil Company <http://www.rigzone.com/news/article.asp?a_id=2634>
Brunei is set to play a bigger role in the global oil and gas scene under the newly established state-owned PetroleumBRUNEI.

BJ Services Acquires OSCA, Inc. <http://www.rigzone.com/news/article.asp?a_id=2667>
BJ Services Company has signed a definitive merger agreement to acquire OSCA, Inc. for $28.00 per share.

Bollinger Shipyards to Build Three Supply/Utility Boats <http://www.rigzone.com/news/article.asp?a_id=2655>
Bollinger Shipyards has signed a contract to build three 145 foot supply/utility boats with Edison Chouest Offshore.

Offshore Nigerian Field Confirmed <http://www.rigzone.com/news/article.asp?a_id=2640>
Three a! ppraisal wells have confirmed the potential of a previously unknown offshore oil field in Nigeria.

Amerada Hess To Reduce UK Workforce <http://www.rigzone.com/news/article.asp?a_id=2635>
Amerada Hess will reduce its exploration and production staff based in the UK by approximately 15 precent.

Prosafe acquires the Polyconcord <http://www.rigzone.com/news/article.asp?a_id=2633>
Prosafe ASA has entered into an agreement with K/S Rasmussen Offshore A/S for the purchase of the semisubmersible accommodation and service rig Polyconcord.

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Upcoming Oil & Ga! s Industry Events	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Feb. 26	2002 IADC/SPE Drilling Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=37>	Dallas	
Feb. 26	Offshore Oil and Gas Safety Seminars <http://www.rigzone.com/news/event_detail.asp?event_id=214>	Aberdeen	
Feb. 27	Human Resources in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=194>	Aberdeen	
Mar. 10	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	Houston	
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 Conf! erence 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	
list your conference <http://www.rigzone.com/news/post_event.asp?action=INSERT>	view upcoming events <http://www.rigzone.com/news/event_home.asp>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
BOP Closing Units <http://www.rigzone.com/market/surplus_listing.asp?eq_id=354>	
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West Africa Located Cooper LTO 750 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=100>	
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more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
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-	Senior Materials Manager <http://www.rigzone.com/jobs/resume.asp?r_id=10934>	
-	Exploration Geologist <http://www.rigzone.com/jobs/resume.asp?r_id=10942>	
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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:	70.8%	(51/72)	
3rd Gen:	84.0%	(42/50)	
4th Gen:	97.4%	(37/38)	
5th Gen:	85.7%	(6/7)	
Jackups:	
To 200':	55.2%	(37/67)	
200' MC:	41.7%	(10/24)	
200' MS:	14.3%	(3/21)	
300' IC:	90.6%	(87/96)	
+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>	

  <http://www.rigzone.com/images/email/title_tab_OilPrices.gif>	
  <http://www.rigzone.com/images/spacer.gif>	Light Crud! e Oil:	$20.90/BBL 
(3.01%)	
Brent Crude Oil:	$20.35/BBL 
(2.36%)	
Natural Gas:	$2.44/MMBtu 
(2.95%)	
Unleaded Gasoline:	$0.58/gal 
(0.00%)	
prices from:	2/21/2002	
change since:	2/20/2002	
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