Rigs count in GOM reaches record high

News - July 28, 2000

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The number of rigs drilling in deepwater in the Gulf of Mexico has risen to a record high of 34, according to the US Department of the Interior's Minerals Management Service (MMS).

MMS Director Walt Rosenbusch commented: "This level of deepwater oil and gas activity has never been reached before. It illustrates the tremendous level of economic activity that is flowing into the deepwater portion of the Gulf of Mexico. "Just last year, there were only 26 rigs working in deepwater."

The MMS defines deepwater as 1,000ft of water or more.

Independent oil and gas companies are drilling thirteen of the thirty-four wells. These include Conoco, Marathon, Anadarko, Kerr-McGee, and Mariner Energy.

Others include EEX, McMoRan, Amerada Hess, Union Pacific, Walter Oil and Gas, and Elf.

Rosenbusch also noted: "Several companies have filed plans for additional deepwater drilling later this year, so it is possible that the record will soon be broken again. We have seen the level of drilling and productioncontinue to rise, and this confirms that the deepwater Gulf of Mexico is America's emerging frontier."

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