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Diamond M Orders Two Jackup Rigs And A Semisubmersible
The board of directors of Diamond M Drilling Company, Houston, TexasJbased international drilling contractor, has authorized the construction of two new selfelevating jackup drilling rigs and a self-propelled semisubmersible drilling vessel.
The jackups are to be constructed at Levingston Shipbuilding Co.
in Orange, Texas, and are scheduled for completion in September 1975 and February '1976. The new semi is to be built by Alabama Dry Dock & Shipbuilding Company, Mobile, Ala., and delivery is scheduled for November 1975. It will be the third Diamond M-Korkut designed and semisubmersible built by Diamond M at Alabama Dry Dock. The first was delivered on November 5, 1973. The second is scheduled to be delivered in August 1974 for work in the Gulf of Mexico.
Additional shipyard costs due to revised plans and specifications have increased the original cost estimate for this second semi from $1 Sy2 million to $25^ million.
The addition of these new mobile rigs will bring the company's mobile offshore rig construction program— which began in 1972—to over $120 million.
Diamond M chairman and chief executive officer Don E. McMahon said the company has executed definitive agreements in connection with the previously announced venture with a group of Norwegian investors with respect to the construction supervision and management of another self-propelled semisubmersible drilling vessel of the Diamond M-Korkut design. This Norwegian rig will also be built at Alabama Dry Dock, and delivery is scheduled for July 1975. The rig will be owned by a newly formed Norwegian company, in which Diamond M will have a 20 percent interest.
Diamond M now owns 12 barge rigs, four self-contained platform rigs, a self-propelled drilling tender, a self-elevating mobile platform, and one twin-hull propulsion assisted semisubmersible drilling vessel.
The company's equipment is currently located off the Texas and Louisiana coasts and offshore Aracaju, Brazil.
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Other stories from February 1974 issue
Content
- Shipyard Marketing Conference Planned page: 4
- Cordon International To Supply Equipment For Three LNG Ships page: 6
- Sixth VLCC Delivered By Kockums To Salen Features Roller Bearing Design For Shaft page: 7
- Admiral Payne To Succeed Admiral Brockett At Webb page: 7
- NASSCO Launches Largest Vessel Ever Built On West Coast page: 7
- Walter Thorsen, Inc. Named Exclusive Rep For Eleusis Shipyards page: 8
- Ogden Marine, Inc. Buys Two Tankers page: 10
- Oceans International Announces Merger And Expansion Plans page: 10
- Aluminum Tanks And LNG Ship Steel Hulls To Be Joined By Using Du Pont Detacouple Explosion Bonded Welding Transition Joints page: 11
- McAllister Orders Three 4,290-Hp Tugs page: 11
- Delta SS Awards Contract To Equitable For 50 LASH Barges page: 12
- Bethlehem Begins Construction On 265,000-Dwt Tanker —Largest Vessel Built In The United States page: 12
- Arthur Levy Boat Service Announces New Appointments For Thomas And LeBlanc page: 12
- Greek Committee Established By Det norske Veritas page: 13
- Esso Norway Test Of Hull Structure Proves Design And Good Workmanship page: 14
- Todd President Sees U.S. Shipbuilders Improving Competitive Position page: 14
- Society Of Marine Port Engineers N.Y. Discuss Care Of Turbine And Hydraulic Oil Systems page: 14
- Harwich Tonnage, Inc. Formed In California page: 15
- K.W. Waldorf Named To New Zapata Post page: 15
- Bigger, Bigger . . . Bigger page: 18
- USMMA At Kings Point To Admit Women page: 19
- Storm Awards Contract To Bethlehem Beaumont Shipyard For Offshore Drilling Rig page: 20
- NASSCO Expanding Facilities To Build 150,000-Ton Tankers page: 20
- NASSCO Delivers S/S Coronado— First Of Three For Margate Shipping page: 21
- SNAME N.Y. Metropolitan Section Hears Technical Paper On 'New Approach To The Ship Hull Characteristics Problem' page: 21
- ASNE Annual Meeting Set For May 2-3 In Washington, D.C. page: 21
- Experimental LNG Carrier Will Evaluate Two Tank Systems Under Operating Conditions page: 24
- International Ship Suppliers To Meet In Washington, D.C. September 22-26 page: 24
- Thomas B. Crowley Elected President At Western Shipbuilding Ass'n Annual Meeting page: 24
- Whitehouse To Head ABStech Regional Office In Houston page: 25
- Colt Industries Names Nidenberg page: 25
- FMD Appoints Sanchez To Direct Field Operations page: 25
- Alco Engines Names Comeng Holdings Ltd. Australian Licensee page: 25
- Magnavox Announces New Integrated Navigation System page: 28
- Friede & Goldman Inc. Design Zapata Rigs Building At Avondale page: 28
- Sea Trials And Launching Ceremonies Held For AMOCO Tankers At Astilleros Espanoles page: 28
- Halter Delivers New York Pilot Boat page: 29
- Ametco Shipping Elects J.E. Hundt President page: 29
- World Dredging Ass'n New Midwest Chapter To Meet February 28 page: 29
- Wiley And Clyde Iron Now Division Of AMCA Int'l —AMCA Sales $100 Million page: 30
- Kaiser To Build LNG Tanks For Oceangoing Ships On Pinto Island In Mobile Bay page: 30
- Eleusis Shipyards Launches Largest Vessel Built In Greece page: 31
- Paclines To Carry Cargo California To Hawaii Using Tug And Superbarge page: 31
- L. Arthur Strenkert Named Sales Manager Smit Nymegen Corp. page: 31
- Magnavox Announces Offshore Drill Rig Positioning System page: 31
- Paul J. Evanson Appointed Controller Moore And McCormack page: 32
- Paper On Water jet Propulsion Discussed During SNAME Philadelphia Section Meeting page: 32
- Mainland China Places Order Worth $2 Million For Rucker Petroleum Drilling Equipment page: 33
- Pittsburgh-Des Moines Orders Large Quantity Of Aluminum For LNG Ship And Land Use page: 33
- Worthington Service Corp. Names Budrick And lennings page: 33
- Zapata Corporation Reports Record Results page: 33
- Drew Chemical Names Rogers Managing Director New So. Africa Subsidiary page: 33
- Luckenbach To Build New Tampa Terminal page: 33
- SNAME Players Perform At Pacific Northwest Section's 27th Annual Fall Meeting page: 33
- Japanese Firm Buys Lawson Products Corp. —John Gaydos Named page: 34
- David O'Neil To Head New Firm Of Marine Propulsion Consultants page: 34
- Liberian Services —Consulting Firm Elects Wiswall Pres. page: 35
- Diamond M Orders Two Jackup Rigs And A Semisubmersible page: 35
- New Marine Systems Brochure From Waukesha Motor page: 36
- Management Changes At Dearborn-Storm page: 36
- Tanker Management Firm Promotes Nichols page: 36
- DOD Management Of Energy Resources Highlights Naval Engineers Meeting page: 37
- Raytheon Company Submarine Signal Div. Appoints R.G. Popovici page: 38
- Berwind Lines Names Bericochea Exec. VP page: 38
- Selective Calling System Saves Time For Oceangoing Tankers And River Vessels page: 40
- Storehouse Of Information Readily Available From ABS Using Computerized Retrieval page: 42