Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pz who wrote (17971)	4/3/1998 6:33:00 PM
From: Teddy	Respond to of 95453

RIG COUNT: April 3 - April 10, 1998 Gulf of Mexico offshore rig count declines HOUSTON: The Gulf of Mexico mobile offshore drilling rig count declined by two rigs since last week, according to Offshore Data Services' weekly mobile offshore rig count. Despite the two-rig decline in the Gulf of Mexico rig count, only one rig actually came off contract. The other change resulted from one contracted rig departing the Gulf to work in another region, and a rig without a contract coincidentally arriving in the U.S. from South America. The two rig moves resulted in no net change in the Gulf of Mexico fleet size, which remains 176 offshore drilling units. With 169 of these rigs under contract, U.S. Gulf offshore rig utilization is 96.0 percent. The European offshore rig count is unchanged from last week. Fleet size remains 110 rigs, 106 of which are under contract. European offshore rig fleet utilization is 96.4 percent. Worldwide, a two-rig net decline in the rig count was recorded week-to-week. In addition to the one Gulf of Mexico rig that was released, a rig in South America also is idle. With 583 of the world's 609 mobile offshore drilling units now under contract, worldwide offshore rig utilization is 95.7 percent.