KERM'S KORNER Message Board

STOCKTALK

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 : KERM'S KORNER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (12708)	10/8/1998 7:45:00 AM
From: Kerm Yerman	Read Replies (2) of 15196

IN THE NEWS / Deepwater Exploration Trebles In Three Years - Analyst M2 Communications - Wells spudded in depths greater than 500m have been calculated at 70 in 1996 (with 44 in the Gulf of Mexico), 125 in 1997 (84 in the Gulf of Mexico) and is expected to reach 200 in 1998 with around 120 in the Gulf of Mexico - a near trebling in three years. Market predictions suggest this upward trend is likely to continue over the short to medium term: -- Having already established large-scale deepwater reserves, Angola is now leading West African exploration into unexplored ultra deepwater (+3000m); -- A number of other countries are preparing to test their deepwater regions for the first time; -- By the end of 2000, nearly 60 newbuilds/ conversions will expand this specialised sector of the rig market by nearly 70%. "Deepwater Oil & Gas Monthly" - the unique Internet service from Smith Rea Energy Analysts and EIS Energy Information Services - has tracked this dynamic sector since March 1998. Incorporating market feedback has resulted in major improvements in this product. This additional investment has been undertaken by the co-publishers in the light of the accumulating evidence that exploration in water depths of over 500m (where there has been some notable new commercial discoveries) has so far shown little adverse effect from a period of weak oil prices. The enhanced "Deepwater Oil & Gas Monthly" now includes down-loadable spreadsheets and regional maps and is structured to allow easy navigation and greater manipulation by the subscriber. There has been no change in the subscription price. The upgraded service is to be demonstrates on 29th October at the Marcliffe Hotel, Pitfodels, Aberdeen, to delegates attending the 5th Atlantic Margin Conference, being held on the same day. For further details on this, see the Internet page at: srea.co.uk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next