Page 51: of Maritime Reporter Magazine (April 15, 1981)

Petromar Seeks Title XI

On Six Tug/Supply Vessels

To Cost $31.2 Million Total

Petromar International, Ltd.,

P.O. Box 967, Rockport, Texas, has applied to the Maritime Ad- ministration for a Title XI guar- antee to aid in financing the con- struction of six tug/supply ves- sels. The 193-foot-long, diesel- powered vessels are being built by Halter Marine, Inc., New Or- leans, La., with deliveries sched- uled through June 1981. They will be operated in the Gulf of Mexico.

The requested guarantee is for $27,300,000, or 87V2 percent of the vessels' total estimated ac- tual cost of $31,200,000.

Macan Offshore Seeks

Title XI On Two Jackups

To Cost $61.5 Million

Macan Offshore Ltd., Houston, has applied to the Maritime Ad- ministration for a Title XI guar- antee to aid in financing the con- struction of two jackup drilling rigs capable of operating in water up to 150 feet deep and intended for operation in the U.S. Gulf of

Mexico.

Vemar, Inc., Channelview, Tex- as, has been proposed to build the rigs, with deliveries in March and

July 1982.

The requested guarantee is for $46,125,000 or 75 percent of the $61,500,000 estimated actual cost of the rigs.

Marathon LeTourneau,

C-E And Sea Tank

Form New Company

Artist's drawing of a Sea Plex Corpora- tion retrievable, bottom-supported drill- ing / production / storage facility as it would look on site.

Three major energy-related companies have formed Sea Plex

Corporation of Tulsa to provide the offshore industry with re- trievable, bottom-supported drill- ing/ production/storage facilities specifically designed to exploit fields that had been considered

April 15, 1981 marginal. These facilities will op- erate in water depths up to 500 feet, according to John A. Haeb- er, executive vice president and general manager of Sea Plex, which is jointly owned by Com- bustion Engineering, Inc., Stam- ford, Conn.; Sea Tank Company,

Rungis, France; and Marathon

LeTourneau Offshore Company,

Houston.

The Sea Plex system is de- signed to meet operator require- ments for lower total investment in marginal field development and earlier cash flow. Each facility will incorporate a field-proven

Marathon LeTourneau Offshore jackup platform and a Sea Tank

Company concrete storage cais- son base. The wellheads, tem- plates, tie-back systems along with other seafloor and surface components, as well as produc- tion processing equipment, will be supplied by Combustion Engi- neering's subsidiaries C-E Vetco,

Gray Tool Company, and C-E

Natco.

In addition to being retrievable upon field depletion for relocation to other marginal fields, the Sea

Plex facility is designed to arrive on site in a complete, functional state. This capability will permit virtually immediate full-time, on- station drilling, workover, and production operations with a min- imum set-up time.

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