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

To: Crimson Ghost who wrote (32786)	12/12/1998 5:09:00 PM
From: pz	Read Replies (1) \| Respond to of 95453

FOR IMMEDIATE RELEASE December 11, 1998 Shifting regional offshore rig counts result in no net change worldwide HOUSTON: The U.S. Gulf of Mexico rig count declined by one rig and the European offshore rig count increased by one rig, according to Offshore Data Services' weekly mobile offshore rig count. The offsetting changes in the two regional rig counts resulted in no net change in the worldwide rig count. In the U.S. Gulf of Mexico, 129 mobile offshore drilling units are under contract this week. U.S. Gulf offshore rig utilization is 72.5 percent. In European waters, including the North Sea and Mediterranean Sea, 103 offshore rigs are under contract this week. European mobile offshore drilling rig utilization is 92.8 percent. Worldwide, 516 of 613 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 84.2 percent.