Page 37: of Maritime Reporter Magazine (October 15, 1973)

Marathon-Built Rig

Delivered To ODECO

For Gulf Of Mexico

Ocean Drilling & Exploration

Company has announced the comple- tion and entry into service in the

Gulf of Mexico of the Ocean King, the 24th drilling rig belonging to the

New Orleans, La.-based company.

A triangular-shaped self-contained jackup, the new unit is under con- tract to Sun Oil Co. It is the fourth of six new rigs completed or under construction for ODECO in 1973.

The vessels remaining to be com- pleted are the Ocean Scout at Balti- more, Md., and the Ocean Endeavour in Australia.

The six new units are part of a $130-million new construction pro- gram initiated by ODECO in 1971.

The Ocean King measures 230 feet by 200 feet and has 5,000 diesel-elec- tric horsepower. It is designed to operate in up to a maximum of 340- foot water depth and to drill to 25,- 000 feet beneath the ocean floor.

Built by Marathon LeTourneau

Co. at Vicksburg, Miss., the Ocean

King has modern quarters for 59 men. that the broad areas of work we will participate in together give us opportunities to improve our tech- nical progress and increase inter- national trade. Many of the tech- nical achievements of General Dy- namics are of particular interest to us."

General Dynamics, a diversified corporation headquartered in St.

Louis, Mo., reported sales last year of almost $1.6 billion.

Its Quincy Shipbuilding Divi- sion received contracts totaling $270 million to construct three giant liquefied natural gas tankers a year ago, the first contracts awarded a U.S. shipyard for LNG tankers.

Strom'berg-iCarlson Corporation, a General Dynamics subsidiary, is a leader in design, development, production and sales of telephone instruments and equipment. One of the company's Canadian subsid- iaries, As'bestos Corporation, is among the world's largest produ- cers of as'bestos, and another Ca- nadian subsidiary, Canadair Limit- ed, produces the CL-215 water bomber used in fighting forest fires. The company's Electronics

Division has produced navigation and weather buoys now on sea du- ty in several locations.

Another subsidiary, Stromfoerg

DatagraphiX, is a leader in the computer-output-microfilm indus- try.

USSR Committee Signs

Cooperative Agreement

With Gen'l Dynamics

General Dynamics Corporation and the State Committee for Sci- ence and Technology of the USSR recently announced that they have signed a broad five-year agreement for scientific and technical coopera- tion.

It was signed for the Soviet Un- ion by Jerhman Gvishiani, vice chairman of the State Committee for Science and Technology, and by David S. Lewis, chairman and chief executive officer of General

Dynamics.

The agreement identified a num- ber of preliminary areas for mutual efforts in science and technology.

Initially, it covers the fields of commercial ships and shipbuilding, telecommunications equipment, asbestos mining and processing, commercial and special purpose aircraft, computer-operated micro- film equipment, and navigation and weather buoys.

This agreement could lead to production of General Dynamics products in the Soviet Union and also to the purchase by the USSR of certain products manufactured by General Dynamics in this coun- try. "We believe this agreement opens the way for substantial joint activity with'" Soviet industry, par- ticularly in the fields of telecom- munications and liquefied natural gas ships which will be required for shipment of Soviet natural gas to the U.S. and other countries,"

Mr. Lewis said. "We expect this cooperation to lead to more defini- tive contractural agreements in the months ahead."

Mr. Gvishiani said: "We believe

OnMM

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