Marathon LeTourneau Awarded Contract To Convert Rig

Marathon LeTourneau Company of Houston, Texas, has been awarded a contract by Placid Oil Company of Dallas, Texas, to convert the Penrod 72, a semisubmersible offshore drilling rig, to a floating production unit.

The conversion will be done at Marathon's Brownsville, Texas yard. The work involves a complexity of modifications to the existing piping, electrical and drilling systems, and includes the addition of a new heliport, four sponsons, vent booms and a production process support module.

In addition, on arrival at Marathon's Brownsville yard, the unit will be drydocked and a number of repairs will be made. All modifications and repairs are scheduled to be completed in January 1987. The unit will then work for Placid Oil Company in the Gulf of Mexico.

Marathon is a Penn Central Company.

Penn Central manufactures products and supplies services in the areas of electronics, telecommunications, defense and energy.

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Maritime Reporter Magazine, page 53, Oct 1986

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.