Boots & Coots - Der Fakten Thread - 500 Beiträge pro Seite

[Blackjack2000]

Hallo!

Boots & Coots hat definitiv auch andere arbeiten im Iraq zu erledigen und so wie es aussieht,bleiben sie noch eine ganze weile!

Hier zwei News die das belegen!


Developments in Iraq`s oil fields, world oil markets

LONDON, Apr 17, 2003 (AP WorldStream via COMTEX) -- Latest developments regarding Iraq`s oil, world oil markets:

THE OIL FIELDS: All known well fires in the Rumeila South oil field have been extinguished, but repair work there is just beginning. A team from Houston-based Boots & Coots International Well Control was setting up a base camp in the field on Thursday to better inspect the well heads for damage. Six well heads burned in the field after Iraqis sabotaged them. These and at least six others must be inspected for loosened seals and other damage, said Asia Bouyabes, Kuwait Oil Co.`s manager of field development for western Kuwait.

The rest of the field`s oil infrastructure also requires a thorough inspection before production can begin again. Underground flow-lines from the wells, oil gathering stations and larger transit pipes must all be examined for possible damage from shrapnel or sabotage. In addition, electricity must fully be restored in the area so submersible pumps can operate inside the wells, Bouyabes said.

Rumeila South, one of Iraq`s biggest fields, was one of the first to be secured by U.S. troops. Foreign experts could eventually restart production there, but they hope to enlist the help of Iraqi workers who know it best. "You have to get their data to know what`s going on," Bouyabes said. "At the end of the day, it`s much faster if you get the Iraqi employees working."

Production at the Kirkuk oil field in northern Iraq has stopped, too.

THE MARKET: Crude prices rallied Thursday on market perceptions of tight supplies. On London`s International Petroleum Exchange, North Sea Brent futures for May delivery jumped 68 cents to US$25.70 a barrel in late trading.

The May contract for U.S. light, sweet crude was up 62 cents at US$29.80 a barrel in afternoon trading on the New York Mercantile Exchange.



Copyright 2003 Associated Press, All rights reserved


http://host.wallstreetcity.com/wsc2/Autoflag.html?Button=Get…







The Associated Press
Friday, April 18, 2003; 6:41 AM

DOHA, Qatar - Latest developments regarding Iraq`s oil, world oil markets:

THE OIL FIELDS: All known well fires were out in the Rumeila South oil field, one of Iraq`s biggest, but it could be a week before replacing damaged well heads begins.

A team from Houston-based Boots & Coots International Well Control is awaiting clearance from the U.S. Army Corp. of Engineers to install up to 12 new well heads.
Six heads burned in the field after retreating Iraqis sabotaged them, but another six are also believed to be damaged.

Boots & Coots is expected to begin installing the heads within a week, team leader Mike Foreman said. It will take three to seven days to replace each one.

Houston-based Kellogg Brown & Root was calling up and interviewing former employees of Iraq`s Southern Oil Company to return to work in the fields, said Aisa Bouyabes, Kuwait Oil Co.`s manager of field development for western Kuwait.

Kellogg Brown & Root is the primary contractor for oil field repairs in Iraq.

Foreign experts could eventually restart production in Rumeila South, but they hope to enlist the help of Iraqi workers who know it best.

Production at the Kirkuk oil field in northern Iraq has stopped, too.

Offices, facilities and homes have been so thoroughly ransacked by looters that employees don`t see how they can get oil flowing again.

THE MARKET: Trading on London`s International Petroleum Exchange and the New York Mercantile Exchange was closed Good Friday.

On Thursday, North Sea Brent futures for June delivery closed at $25.88 a barrel, up 86 cents. The May contract for U.S. light, sweet crude surged $1.37 to end trading at $30.55 a barrel in New York.


http://www.washingtonpost.com/wp-dyn/articles/A49518-2003Apr…



Es wird zeit einzusteigen!

Kursziel meiner Meinung nach bis 15 Mai mindestens 1US$


Gruss
Blackjack

[Blackjack2000]

Hab hier noch etwas gefunden.


Developments in Iraq`s Oil Fields
Sat Apr 26, 6:12 AM ET

By The Associated Press

THE OIL FIELDS: Oil was being pumped in the north and south of Iraq (news - web sites), as workers continued to assess the need for more repairs.


In the south`s Rumeila fields, engineers from Houston-based Kellogg Brown & Root, the primary repair company contracted by the U.S. government, met top officials from Iraq`s Southern Oil Co.


They discussed repair schedules, plans to bring more Southern Oil Co. employees back to work, and ways to combat persistent looting of equipment, KBR customer liaison Dicky Robichaux said.


Other contractors were still combing the Rumeila fields to mark unexploded ordnance, which needs to be destroyed.


On Monday, KBR plans to begin replacing several damaged wellheads believed sabotaged by retreating Iraqi troops, Robichaux said.

Assessment teams from KBR arrived in the northern oil fields around Kirkuk.


A trickle of oil is flowing from one of them to supply power plants in northern Iraq.


Over the next week, Iraq`s Northern Oil Co. will also start pumping crude to the Daura refinery in Baghdad and the Bayji refinery that serves northern Iraq, according to an oil official with the Office of Reconstruction and Humanitarian Assistance.


In the meantime, the U.S. coalition-led interim administration is working to appoint an advisory team that will help reopen the country`s oil ministry.


THE MARKET: North Sea Brent futures for June delivery closed down 43 cents at $23.90 a barrel Friday on London`s International Petroleum Exchange.


On the New York Mercantile Exchange, June contract for light, sweet crude fell 38 cents to close at $26.26 a barrel.


http://story.news.yahoo.com/news?tmpl=story&u=/ap/20030426/a…



On Monday, KBR plans to begin replacing several damaged wellheads believed sabotaged by retreating Iraqi troops, Robichaux said.


Wer wird diese Arbeit wohl erledigen.....

[Blackjack2000]

Es wird immer interessanter!



Oil exploration in Iraq still a pipe dream for Western companies

By Brad Foss, Associated Press, 4/30/2003 16:30

Now that Iraqi oil wells are pumping again and the industry is being rehabilitated after years of decay, there is little doubt the country`s production will approach its peak of about 3.5 million barrels a day in just three years.

While this will give an important lift to the Iraqi economy and supplement world supplies, international petroleum companies are more interested in what happens after that.

Iraq has the potential to produce as much as 6 million barrels of oil a day, experts say, but reaching that level will require tens of billions of dollars and the most sophisticated drilling technology. That is where Exxon Mobil, Royal Dutch/Shell, ChevronTexaco and others hope to step in.

``The undeveloped oil fields are really outside the limelight, but this is where the money is,`` said Fadel Gheit, an analyst at Fahnestock & Co. in New York.

However, many political, legal and economic uncertainties stand between foreign oil giants and the world`s second-largest proven reserves.

For example: Who will rule Iraq after the interim authority is gone, and how open will those leaders be to outside investors? Also, how will Iraq react to pressure from OPEC members fearful of losing market share and profits to Iraq?

Given these knotty issues and others, industry experts do not expect outsiders to secure oil-drilling contracts in Iraq anytime soon if ever.

``It is not a given that you`re going to get this surge of oil out of Iraq,`` said Jim Placke, a senior associate at the Washington office of Cambridge Energy Research Associates, which is advising major oil companies about postwar investment opportunities.

Adds L. Bruce Lanni, an oil industry analyst at the brokerage A.G. Edwards in New York: ``I still think it`s a pipe dream.``

The holy grail for oil giants would be if they could arrange production-sharing agreements with the Iraqi government a common practice around the world but one that has been met with wariness in the Middle East. Neither Saudi Arabia nor Kuwait allows for production-sharing agreements, eschewing any semblance of Western exploitation or economic colonialism.

A typical production-sharing agreement puts the upfront financial risk the costs of gathering data and conducting exploratory drilling on the backs of the oil companies. Then, if oil is found, the company and the government controlling the natural resource work out a deal to share the revenue from oil sales.

Lee Raymond, the chairman of Exxon Mobil, recently told an assembly of investors: ``I think we would apply the same criteria as we do everywhere in the world and that is you have to have confidence in the political system, the legal system and in the tax system before companies would show up to make major investments in the country.``

Expatriate Iraqis who held senior positions in the country`s oil sector before Saddam Hussein came to power are consulting with major oil companies in the event that the new regime does seek foreign investment. But there is no telling how much power these West-leaning technocrats will be given in the Iraqi oil ministry. Many of them are keeping a low profile lest they be seen as too conciliatory toward outside interests.

Interests that conflict with those of Western oil companies will surface, analysts said; it`s just a matter of when and to what degree:

Iraq will face pressure from the Organization of Petroleum Exporting Countries if it seeks to increase production beyond historical levels because, as its output grows, other nations might be forced to curb production and lose market share. Iraq, a founding member of OPEC, could easily be persuaded that pumping too much oil would cause prices to fall, hurting everyone`s profitability. Conversely, it could decide to abandon the oil cartel.

Also, Iraq`s new leadership might project a strong sense of nationalism or anti-Americanism and favor tight control over its natural resources. ``They might say `We can do it by ourselves,``` said Robert Ebel, director of the energy program at the Center for Strategic and International Studies in Washington.

``The experience of Kuwait after 1991 should temper expectations of a windfall,`` concludes the report by the Council on Foreign Relations and James A. Baker III Institute. ``After hiring Western firms to put out its oil-field fires and repair surface facilities, Kuwait`s parliament has routinely voted against contracting with foreign firms for oil-field development ...``

Notwithstanding the long-term uncertainty surrounding the development of Iraq`s petroleum reserves, there is certainly money to be made right now by fixing up the country`s dilapidated oil infrastructure.

Bechtel, a San Francisco-based engineering firm, and Halliburton, a Dallas-based oil field services company, already won massive contracts to help rebuild Iraq, although much of the work will be outsourced to smaller companies. The work, expected to generate billions of dollars in revenue over several years, includes: repairing well heads, restarting wells that were shut down during the fighting and rehabilitating pipelines, power plants and petroleum refineries.


http://www.boston.com/dailynews/120/world/Oil_exploration_in…






So langsam glaube ich das Boots&Coots noch viel mehr verdienen werden als bisher angenommen.



Hier noch deutlicher:



DJ OPEC Pres -3: Iraq Oil Sector Will Be In Hands of Iraqis



Regarding Iraq, Abraham said that the final status of its oil sector would be an Iraqi decision and not for the U.S. to determine, despite currently being under U.S. control.

"Nobody should be confused by the work we do in the reconstruction (of Iraq) in the immediate emergency period," he said.

The U.S. administration has contracted Halliburton Co. (HAL) to renovate Iraqi oilfields until an interim Iraqi government is elected. Halliburton subcontracted Boots & Coots International Well Control Inc. (WEL) to do the job .

"The oil of Iraq belongs to the Iraqi people and they need to decide what is in their best interest...It may not lead to more privatization, it may not lead to more private contracts...that`s isn`t my job," he added.

Abraham is expected to hold similar talks with Saudi Arabian Oil Minister Ail Naimi in Riyadh later Wednesday.

On Thursday, Abraham is due in Madrid to meet Spanish officials including Prime Minister Jose Maria Aznar as well as E.U. Energy Minister Loyola De Palacio.

-By Ahmad Abdullah, Dow Jones Newswires; [phone] (Abdulla Fardan in Bahrain contributed to this report)


(END) Dow Jones Newswires

04-30-03 0730ET



http://www.amtddj.inlumen.com/bin/djstory?StoryId=CpQ9kqaebq…





to do the job

....sagt doch alles,oder?



Viele Grüsse
Blackjack

[Blackjack2000]

Hier haben wir Zahlen!

May 02, 2003 09:01

Boots & Coots Reports Operating Results for the First Quarter Ended March 31, 2003

Jump to first matched term

HOUSTON, May 2 /PRNewswire-FirstCall/ -- Boots & Coots International Well Control, Inc. (Amex: WEL), reported today that
revenues for the first quarter ended March 31, 2003 were $10.9 million, an increase of $6.9 million compared with revenue of $4.0
million for the same period in 2002. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $4.3 million in the
current period compared to $0.3 million in the same period for the prior year. Net Income (loss) prior to preferred stock dividends,
which are primarily paid in kind, for the current period was $3.3 million versus a net loss of $(1.8) million for the prior year period.
Net income (loss) attributable to common stockholders was $2.6 million for the current period compared to a net loss attributable to
common stockholders of $(2.7) million in the prior year period.

Response revenues for 2003 first quarter were significantly higher than the 2002 period due to the service activity and associated
equipment sale in Iraq. Prevention service revenues were down slightly in the 2003 period as core resources in Venezuela were
shifted toward higher response activity in the region.

Boots & Coots` CEO Jerry Winchester said, "Obviously, we are pleased with our earnings this quarter. The response related activity
in Iraq and Venezuela led us to the best quarter in the history of the Company. We are proud of our proven response capabilities
and the high job performance levels of our people. While we will continue to perform work in Iraq during the second quarter, our
focus remains on the continued growth of our Prevention Segment."