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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: JHR who wrote (49654)	8/20/1999 7:59:00 PM
From: sportsman	Respond to of 95453

August 20, 1999 Offshore rig counts increase HOUSTON: Offshore rig counts increased since last week in the world's largest offshore drilling regions, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, the offshore rig count posted a net four-rig increase compared to last week. In addition, two new rigs were delivered by shipyards; one will move to Mexico. With 124 of the region's 186 mobile offshore drilling rigs now under contract, U.S. Gulf offshore rig utilization is 66.7 percent. The European offshore rig count posted a net two-rig increase compared to last week. With 86 of the area's 108 mobile offshore drilling rigs now under contract, European offshore rig utilization is 79.6 percent. The worldwide offshore rig count stands at 462 rigs this week, a net increase of six over last week. The 628-rig worldwide offshore drilling fleet's utilization rate is 73.6 percent. For additional information or to attribute quotes on text above: Tom Marsh, Drilling Editor