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

To: D. K. G. who wrote (18625)	4/9/1998 2:45:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Denis...did you get a sense from IR at ESV about the earnings?

To: D. K. G. who wrote (18625)	4/9/1998 3:24:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Denis, The brief answer to your question is that deep drilling projects are typically multi-year contracts so that there is more predictability to their earnings. This is a bigger deal in a low oil price environment where there is more concern about drilling cutbacks that might translate into less demand for drilling rigs. The deep projects will be the last to feel cutbacks. You can get more information by going to the Transocean Offshore site. Hope this helps, Baird