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: HH who wrote (6730)	1/6/1998 2:51:00 PM
From: Lazlo Pierce	Read Replies (2) of 95453

From briefing.com <<Transocean Offshore Inc. (RIG) 41 15/16 -3: offshore drilling company to cease turnkey drilling operations in the Gulf of Mexico effective with the completion of current contract commitments; expects to record a $12.6 mln turnkey loss in the 4Q as a result of the action; decision to exit market is due to unsatisfactory operating performance in the highly competitive market.....>> Dave

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