SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BigBull who wrote (69114)7/3/2000 3:54:56 PM
From: The Ox  Read Replies (1) of 95453
 
There's a place in every oil portfolio for fabs but I believe as a group, they are riskier then the offshore drillers. With this risk comes potential for greater rewards, so it's a matter of portfolio allocation and risk tolerance. I've been of the opinion that the fabs will be among the last subsector to see investment BWDIK?

Here's another article from the SLB website:

ExxonMobil Starts Production on World's Deepest Offshore Platform

NEW YORK, July 3 (BridgeNews) - ExxonMobil Corp. started producing oil and natural gas from the world's deepest water drilling and production platform, the company said today. The $1.1 billion Hoover Diana development in the Gulf of Mexico is expected to produce peak rates of 100,000 barrels of oil and 325 MMcf of gas per day.

The field is located 200 miles south of Houston in 4,800 feet of water and contains estimated recoverable resources exceeding 300 million oil-equivalent barrels. ExxonMobil is operator with 66.7% interest in the project, while BP Amoco holds a 33.3% stake.

"We are extremely proud to have set the world water-depth record for a combined drilling and production platform," said Harry Longwell, ExxonMobil director and senior vice-president.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News