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

To: Teddy who wrote (14423)3/11/1998 8:10:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Good find, Teddy. I have a follow up question to yours: given the timing for submitting bids -- Oct. 98 and Feb. 99 -- what would be the timetable for commencement of drilling activities?



To: Teddy who wrote (14423)3/11/1998 10:33:00 AM
From: Czechsinthemail  Respond to of 95453
 
Opening up drilling projects in Australia simply increases the demand on a finite global drilling fleet. It increases the likelihood that if there are hints of dropping dayrates or utilization in one region, rigs can be moved elsewhere. Generally, that means dayrates and utilization don't drop much. That's the situation that keeps driller earnings smoking.
Baird


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