Page 10: of Maritime Reporter Magazine (December 1973)

ZAPEX Groups Drilling

Two Wildcat Wells

Offshore U.K./Ghana

Zapata Exploration Company (ZAPEX) announced that it has begun drilling operations on two offshore exploratory wells. An ex- ploratory test will be drilled off- shore Ghana, and a well will be spudded on prospective gas acreage in the southern United Kingdom

North Sea.

The Ghana well is the first of two wells ZAPEX must drill there under a farm-out agreement to gain a working interest in four blocks covering approximately 1.3 million gross acres. It will be drilled on

Block 4, located about 20 miles off- shore Ghana in the South Atlantic

Ocean.

ZAPEX is operator and has 25 percent interest in a seven-company exploration group which has li- censes including Block 43/11 in the

U.K. North Sea. The group has contracted for Zapata Off-Shore

Company's jackup rig Chapparal to drill one well there. The block covers approximately 59,900 gross acres, and is located approximately 100 miles southeast of Newcastle and 120 miles north of Bacton,

England.

Formed in 1972, Zapata Explora- tion Company has offices in Hous- ton, Texas, and London, England, and conducts offshore petroleum exploration around the world. Its current active interests cover 6.9 million gross acres in waters of six countries. ZAPEX is a publicly held subsidiary of Zapata Corpora- tion.

Babcock & Wilcox

Elects Louis Favret

Corporate Vice Pres.

Louis M. Favret

Louis M. Favret has been elected a corporate vice president of The

Babcock & Wilcox Company.

Mr. Favret, who has been vice president, Nuclear Divisions since

October 16, 1973, has direct respon- sibility for the company's Nuclear

Power Generation Division and Nu- clear Equipment Division. He re- ports to Walter M. Vannoy, group vice president, Power Generation

Group.

Mr. Favret joined B&W in 1951 in the Power Engineering Group.

Before October 16, he was a divi- sion vice president and general manager of the Nuclear Equipment

Division.

Mr. Favret earned B.S. and M.S. degrees in mechanical engineering at Ohio State University, and is a member of the school's visiting committee. He is also a member of the Atomic Industrial Forum.

Dravo Corp. Elects

Slease And Mertz

To Counsel Posts

Dravo Corporation, Pittsburgh- based engineering, construction and manufacturing company, has an- nounced the election of Clyde H.

Slease as general counsel and Rob- ert E. Mertz as corporate secretary and associate general counsel.

The action follows the retire- ment on November 1 of John S.

Mason, secretary and general coun- sel, after 35 years of service.

Mr. Slease, who joined Dravo in 1948, served most recently as coun- sel and assistant to the president.

He will continue in the latter posi- tion.

Mr. Slease holds a B.S. degree from Haverford College and a J.D. degree from the University of Pitts- burgh. He is a member of the Al- legheny County and Pennsylvania bar associations and Phi Delta Phi legal fraternity.

Mr. Mertz has been on Dravo's legal staff as counsel since 1969.

He holds an A.B. degree from Le- high University, a J.D. degree from

Harvard University, and is a mem- ber of the Allegheny County,

Pennsylvania, and American bar associations.

LNG SHIP TANKS

We Are Past The Talking Stage

H'iiii

SI •*viii«r||jiiij I( •jinii|! \ \ Sjf^ —

Liquefied Natural Gas Ship Tank Fabricating Fa- cility Presently Under Construction in South

Carolina for World Southern Corporation, a Sub- sidiary of PDM.

Shown in artist's sketch—Insulated LNG Ship

Spheres for General Dynamics, Quincy Shipbuild- ing Division Contract.

For Answers-to your LNG Ship Tank Problems:

Contact Pittsburgh-Des Moines Steel Company,

Pittsburgh, Pa. 15225.

PDM builds for the future

Pittsburgh-Des Moines Steel Company 14 Maritime Reporter/Engineering News