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

To: John Carpenter who wrote (3847)	11/26/1997 1:05:00 AM
From: pz	Read Replies (1) \| Respond to of 95453

This article just confirms that demand continues. Offshore Data Services, Inc. Weekly Mobile Offshore Rig Count November 21-27, 1997 Gulf of Mexico rig count increases HOUSTON: A two-rig increase over last week in the number of rigs under contract in the U.S. Gulf of Mexico was recorded by Offshore Data Services' weekly mobile offshore rig count. Today, 170 of the 176 mobile offshore drilling units in the Gulf of Mexico are under contract. The area's rig fleet utilization rate is 96.6 percent. The European offshore rig count is unchanged from last week. Today, 107 of the area's 111 mobile offshore drilling rigs remain under contract. European offshore rig fleet utilization is 96.4 percent. Worldwide, 580 mobile offshore drilling units are under contract. The 606-rig world drilling fleet's utilization rate is 95.7 percent. Of note during the week was an order placed with a Texas shipyard for twonew $95 million drilling rigs. The rigs will be delivered in late 1999 and early 2000, and are expected to work in the Gulf of Mexico. At present, 50 new rigs are under construction worldwide at a total investment of more than $9.0 billion For additional information or to attribute quotes on text above: Tom Marsh, Drilling Editor offshore-data.com