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


To: isopatch who wrote (71168)8/18/2000 1:31:00 PM
From: BigBull  Respond to of 95453
 
ISO - speaking of deepwater, Total to drill a total (no pun intended) of 40 wells in the Girassol project alone:

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slb.com

"Girassol paves the way for more ultra deep development in Angola," De Langavant said.

The first of two "Christmas trees" - the complex control units to be placed on the seabed well head - have arrived from Norway.

About 13 wells should be completed by the time production begins next year. All 40 wells - 23 production, 14 water injection and three gas injection - should be completed by 2003.

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Is deepwater finally getting real?



To: isopatch who wrote (71168)8/18/2000 1:58:02 PM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
Is Oh, Not to disappoint, but that 58% increase is from March 7, not YTD (and not incl. dividends). PLUS!, it's buy and hold. Haven't traded a thing. Plan to sell half when its up 100% which I expect by year end.

Everything I hear in the patch is balls to the walls...late year is typically the best and I expect this year will be no different. In fact, we may see a larger than normal 'rush' to spend the budget money by oil companies.

I think it will be a wild second half for the industry and for the stocks of the industry. Buckle up for the Boom 2000 Big (Dog) Adventure!

big