Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (51281)	9/17/1999 7:19:00 PM
From: Teddy	Read Replies (1) of 95453

Time to cash out? RIG COUNT: FOR IMMEDIATE RELEASE September 17, 1999 Rig counts fall HOUSTON: The U.S. Gulf of Mexico offshore rig count lost some of the ground it had made up in the last few weeks, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf offshore rig count fell by two rigs on a week-to-week basis. The decline ends a five-week rally of higher utilization rates in the region. This week, 133 of 188 mobile offshore drilling units in the U.S. Gulf are under contract. U.S. Gulf rig utilization is 70.7 percent. The European offshore rig count also fell since last week. This week, two fewer rigs are under contract and European offshore rig utilization fell from 74.6 percent to 74.1 percent. Of the 107 mobile offshore drilling rigs in the area, 80 now are under contract. The worldwide offshore rig count fell by four on a week-to-week basis. This week, 467 of world's 630 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 74.1 percent. For additional information or to attribute quotes on text above: Tom Marsh, Drilling Editor U.S. Gulf of Mexico Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 188 188 186 174 178 Rigs under contract 133 135 124 142 136 Rigs w/o contract 54 53 62 32 42 Fleet utilization rate 70.7% 71.8% 66.7% 81.6% 76.4% Europe/Mediterranean Sea Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 107 108 108 113 107 Rigs under contract 80 82 86 109 86 Rigs w/o contract 27 26 22 4 21 Fleet utilization rate 74.8% 75.9% 79.6% 96.5% 80.4% Worldwide Category/Date Today Last week Month ago Year ago 5 years ago Total rigs in fleet 630 631 628 609 633 Rigs under contract 467 471 462 541 506 Rigs w/o contract 163 160 166 68 127 Fleet utilization rate 74.1% 74.6% 73.6% 88.8% 79.9%

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