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: Jamey who wrote (31601)	11/9/1998 12:32:00 AM
From: pz	Read Replies (1) of 95453

FOR IMMEDIATE RELEASE November 6, 1998 offshore-data.com Take a look at the table....the trend is not good Worldwide offshore rig count falls by three HOUSTON: The worldwide offshore rig count decreased slightly since last week, according to Offshore Data Services' weekly mobile offshore rig count. This week, 525 of the world's 611 mobile offshore drilling units are under contract, a net loss of three from last week's count. Worldwide offshore rig utilization is 85.9 percent. The European offshore rig count is unchanged from last week, with 107 of region's 113 offshore mobile drilling units under contract. European offshore rig utilization stands at 95.6 percent. In the U.S. Gulf of Mexico, fleet size increased by one with the addition of a jackup drilling rig from South America. The contracted rig count declined by two rigs compared to last week. Gulf of Mexico drilling fleet utilization is 76.3 percent; 135 of the region's 177 offshore drilling rigs are under contract.

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