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


To: Broken_Clock who wrote (23914)6/11/1998 10:16:00 PM
From: Douglas V. Fant  Read Replies (2) | Respond to of 95453
 
Papaya King, I am the EHS Manager for one section of an energy company. I interact with the EHS Drilling Manager daily. We will stack a few onshore rigs (they are easy to stack, and easy to recall quickly), and wait for economics on small stepout oil projects onshore to improve, but the deepwater moves forward- worldwide. Too long of a planning process and too expensive and complicated to turn those projects on and off very easily....And once you have a "deal" negotiated with a foreign government, you sure as heck do not want to re-open that to renegotiation...

Sincerely,

Doug F.