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: SliderOnTheBlack who wrote (56499)	12/8/1999 6:31:00 PM
From: SargeK	Read Replies (1) of 95453

Article supports Long Term Demand for FGH Services Here is an interesting report you might use to bang the naysayers over the head regarding Friede Goldman Halter, Inc FUTURE! DEMAND FOR YEARS TO COME - REPEAT - DEMAND FOR YEARS TO COME! oilandgasonline.com{B09B5970-A835-11D 3-9A74-00A0C9C83AFB}&Bucket=Feature+Articles Here is a small extract to whet your appetite: The floating or mobile production system market has not yet been subject to the commodity-style price swings that have so destabilised the whole upstream business,” he said. “Like the oil market itself, very small changes in the demand or supply values for offshore shipping close to the point of balance generate very large changes in price. These changes may be of short duration, but they create capacity changes that can last for 20 years. The future of the deepwater business will depend on the supply of a large fleet of very diverse floating equipment, yet very little of what will be needed is now built. World oil demand is now growing faster than production capacity. Furthermore, production capacity from old fields is falling fast and new field investment has slowed. Old fields must be serviced and maintained and that cost is probably double the sums to be spent on new capacity. SargeK

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