Canadian Firms Order Two Semisubmersibles In $300-Million Order

Two semisubmersible offshore mobile drilling units worth about $150 million (Canadian) each have been ordered jointly by two Canadian companies.

Bow Valley Industries and Husky Oil Operations announced recently that the rigs had been ordered from Canadian and Norwegian yards. Delivery is scheduled for mid-1983.

One of the semis, an Aker H-3.2, is to be built by Saint John Ship Building and Dry Dock Co., New Brunswick. The other, an enhanced Pacesetter, will be constructed in Norway by Framnaes.

A further semisubmersible order at the Canadian yard could also follow, according to a spokesman for Bow Valley Resources Services Ltd. Both units will be managed by BVRS on behalf of the joint venture.

The rigs will boost BVRS's position in providing Canadian offshore drilling facilities. It currently has one semisubmersible operating in the Mediterranean and this is expected to be relocated to Canada.

Other stories from October 1981 issue


Maritime Reporter

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