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By 25 active operators in Southeast Asia with 46 rigs, the contracting conditions have been challenging due to the collapse in crude oil prices while exploration and production spending have pressured both utilization and day rates in the region INTRODUCTION Southeast Asia is rich with hydrocarbon resources. The region is made up of Brunei, Burma, Cambodia, Timor-Leste, Jakarta Indonesia, Laos, Malaysia, Papua New Guinea, Singapore, Thailand, and Vietnam. According to Shell, the Indonesia oil industry and what subsequently became Royal Dutch Shell are closely connected. Shell discovered commercial quantities of crude oil in Sumatra just over 100 years ago. Moreover, Shell was the first to bring a drilling rig to the region and the first to discover oil off of Brunei in 1958. Today there are about 25 operators active in Southeast Asia with 46 rigs (Jack Ups, Semis and Drillships) currently contracted. Forty one of the contracted rigs are drilling, and five are waiting on location or in shipyards. In addition to the rigs that are contracted in the region, there are eight cold stacked units, nine ready stacked units, and one unit in the shipyard without a contract for a total supply of 64 rigs. Thus, total utilization in the region is 72% and ready utilization is 84%. While indications are that Jack-Up Market fundamentals have begun to stabilize. Southeast Asia only has eight semisubmersibles actively drilling in its waters (one other is contracted but not currently working). Four are off Malaysia, two are off Vietnam, one is off the Jakarta Peninsula, and another is off Myanmar. However, the drilling Jack Up count is significantly higher at 31 (four others are contracted but not currently working). Malaysia has the highest Jack Up count at twelve, followed by Vietnam with seven, Thailand with five, Indonesia with four, Brunei Darussalam with two, and East Timor with one. There are also two Drill ships working in the region. One is off Malaysia and the other is of

It's the period to begin a writing habit if you're intrigued in a stress-free technique to get better at your job performance and improve your career. A study from Harvard Business School confirmed whether taking 15 minutes at the end of a work day to ponder on that day's work enhanced their performance and discovered the participants tasked with everyday written deliberation did 22.8 percent improved on an assessment compared to the control group. Westhill Consulting Career & Employment, world's largest free online jobs website which is funded by UK government however headquartered in Australia until it expanded and now almost every country is being served by the company, such as Jakarta Indonesia in SE Asia, Toronto in Canada, New York in the US and many more, put this 15-Minute-a-Day Habit and found it to be successful and less complaints on works performances were reported. But wouldn't internal reflection by itself be sufficient to boost performance? "My speculation would be that writing things down would be more beneficial as the act of writing imposes a discipline on us to stay focused," says paper co-author Brad Staats, an associate professor of operations at the University of North Carolina's Kenan-Flagler Business School. Reflection forced people to process their days, find patterns and link actions. Some people might think the experiment focused on the successes of the day, but Staats says the parameters of the experiment when explained to the journaling employees didn't specify giving the reflections a positive or negative slant. "What we wanted was for them to reflect more on whatever they thought was most important from the day," Staats explains. "The positive/negative point is a great question, but not one we looked at here. In other research, Francesca and I have explored how individuals struggle to learn from failure, but when they acc

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