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

To: Captain James T. Kirk who wrote (33204)	12/20/1998 1:18:00 PM
From: pz	Respond to of 95453

FOR IMMEDIATE RELEASE December 18, 1998 Gulf of Mexico rig count increases HOUSTON: The U.S. Gulf offshore rig count increased by seven since last week, according to Offshore Data Services' weekly mobile offshore rig count. This week, 136 of the 178 mobile offshore drilling rigs in the Gulf of Mexico are under contract. U.S. Gulf offshore rig utilization is 76.4 percent. The European offshore rig count declined compared to one week ago, although the region's utilization rate increased because the overall fleet size declined as well. Today, 101 of the 107 mobile offshore drilling rigs in the area are under contract, and European offshore rig utilization is 94.4 percent. Worldwide, 521 of 611 mobile offshore drilling rigs are under contract, a net increase of five rigs compared to one week ago. Worldwide offshore rig utilization is 85.3 percent.