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: A. Fineigler who wrote (37651)	2/17/1999 10:22:00 PM
From: Razorbak	Read Replies (2) of 95453

<<While overall exploration and production spending is now expected to decrease by 20% to 25% worldwide, the bulk of these capital spending reductions relate to onshore exploration and development activities and the development of marginal offshore fields.>> <<PGO, DO and RIG may be among the better bets in this sector going forward, if the above is correct.>> How does Diamond Offshore, a deepwater offshore driller, possibly benefit from either onshore or offshore marginal plays? Just curious. Razor

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