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: upanddown who wrote (57655)	12/31/1999 8:24:00 AM
From: BigBull	Read Replies (3) of 95453

John, care to enlighten us on FGH's product mix during the last cycle? I, for one would be very grateful for a review. Don't you think that all the new discoveries in deep water WA and Brazil will contribute mightily to the backlog? These are tremendous new fields coming on line, and truly no one knows just how big they are until they are drilled. From everything I've read the majors seem quite eager to drill them. I recall Aggie stating that the recently auctioned blocks in Brazil operate on a much tighter time frame for drilling and development. Also, I can't imagine that the Angolan govt. would not do everything in their power to expedite development. Ditto Brazil. Oh and one last thing. Are you at all familiar with the status of of the Daewoo yards? The last I read was they are in a defacto state of bankruptcy. I don't know what the Korean govt. plans to do with them. Have you heard anything in this regard? TIA Bull

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