Drilling developments ///

Deepwater activity. As noted in the November 26, Gulf of Mexico Newsletter, the U.S. Minerals Management Service reports that Gulf of Mexico deepwater drilling is moving at a quick pace. According to MMS, a total 277 deepwater wells, of which 149 were exploratory, were spudded in the U.S. GOM during fiscal year 2001, which ended September 30. During the previous year, 226 deepwater wells were drilled, of which 108 were exploratory. The numbers of wells drilled during 2001 and 2000 represent sharp up-ticks in deepwater drilling activity, as the total number of deepwater wells drilled in 1998 and 1999 were 179 and 150, respectively.

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