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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Bazmataz who wrote (17237)4/1/1998 7:07:00 PM
From: Teddy  Read Replies (1) of 95453
 
NEWS snips from Offshore Data.

Just because ours stocks went up for one day doesn't mean our companies are not going out of business.

U.S. GULF/NORTH SEA: Jackup GLOMAR ADRIATIC VI is expected to mobilize from the U.S. on dry tow to the North Sea. The vessel, which will be transported by Dockwise heavy lift vessel TRANSSHELF, has worked lined up with Amerada Hess and BP that will keep it busy until mid-2000.

U.S. GULF: Diamond Offshore jackup OCEAN CHAMPION's contract was transferred from Vastar Resources to Triton. The rig completed a well with Vastar in High Island Block 169 and is now drilling for Hall Houston in South Marsh Island Block 144. The contract with Triton ends in late June.

U.S. GULF: Jackup PRIDE LOUISANA completed a turnkey well with Enron Oil and Gas in Ship Shoal Block 284. The unit will now move to Ship Shoal Block 283 for a turnkey well with Kerr-McGee. The rig is under contract with Triton to late-May 1998.

THAILAND: Kerr-McGee expects to conduct seismic work this year on the recently awarded Block W-7/38 concession in the Andaman Sea. Exploratory drilling will follow in 1999.

MYANMAR: Genting Oil & Gas plans to drill at least two wells in Blocks M-3 and M-4 in the Gulf of Martaban in 1998.
Seismic studies of the blocks were recently completed.

EGYPT: IEOC will pick up Santa Fe International jackup KEY SINGAPORE around mid-April for a 100-day well offshore Egypt. The rig will return to Petrobel for one additional well when the IEOC work is completed.

WEST AFRICA/EGYPT: BG's one-well floater requirement in the Red Sea may be drilled by semi ATWOOD EAGLE as one of the two options the operator has on the unit. The rig is currently en route to Egypt for two wells with BG followed by two wells with Enterprise offshore Italy. The rig then will return to BG if used for the
Red Sea well.

UK: Marathon has a commitment to drill in Tranche 37, west of Hebrides, in 1999, and a commitment well in Block 110/17 in the Irish Sea around March/April 1999. Operator also plans to drill another well on its Dragon prospect in Irish
Sea.

NORWAY: Semi TRANSOCEAN SEARCHER left the shipyard in Bergen and is
expected on location with Statoil in the Aasgard field around April 4. The rig was in the shipyard for the installation of subsea handling equipment and general maintenance.

****** News that really is not too good ******

BRAZIL: R&B Falcon drillship PEREGRINE I reportedly lost its riser, drill string and BOP in about 5,100 feet waters offshore Brazil. Officials at R&B Falcon declined to comment on the incident. The drillship is under long-term contract to Petrobras in the Campos Basin's Marlin Field.

"declined to comment?" Remember: Loose lips sink ships.
Anyone notice anything different about the rig?
No, looks fine to me.
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