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

To: Douglas V. Fant who wrote (21725)	5/8/1998 7:03:00 PM
From: Teddy	Respond to of 95453

RIG COUNT: May 8 - May 15, 1998 Worldwide offshore rig count increases HOUSTON: The worldwide offshore rig count increased by one rig since last week, according to Offshore Data Services' weekly mobile offshore rig count. Today, 582 of the world's 609 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 95.6 percent. In addition to the 609 existing mobile offshore drilling rigs in the world fleet, another 62 are under construction. Most of these new rigs will work on very deep water drilling programs. The U.S. Gulf of Mexico and European offshore rig counts are unchanged from last week. Today, 165 of the 173 mobile offshore drilling units in the U.S. Gulf are under contract. U.S. Gulf offshore rig utilization is 95.4 percent. In European waters, 109 of 114 mobile offshore drilling units are under contract. European offshore rig utilization is 95.6 percent.