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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Douglas V. Fant who wrote (35455)1/20/1999 4:27:00 PM
From: marc chatman  Read Replies (1) of 95453
 
Doug, re BD interview:

I'd be interested to know whether older rigs are being retired. Also, if they are, to what extent? and is it limited to land rigs, or does it include older jack-ups?

Another question relates to Big Dog's comments that he expects FGI to maintain or add to its backlog (I'm not quoting him exactly, but I believe that was the gist). Since we aren't seeing any willingness on the part of big oil to finance new semi-sub construction with 5 year deepwater contracts, in which areas does he anticipate new orders -- conversions? refurbishments?

Thanks.
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