Page 2: of Maritime Reporter Magazine (September 1982)

Dome Exploration And

Production Interests

Acquired By BP And LASMO

Dome Petroleum Limited of

Calgary, Alberta, BP Petroleum

Development Limited, and Lon- don and Scottish Marine Oil p.l.c., both of London, England, an- nounced recently that agreement has been reached for the sale to

BP and LASMO of Dome's share- holding in companies which, via subsidiaries, hold international exploration and production inter- ests, principally in Indonesia.

As a result of this sale, BP and

LASMO will in effect acquire control of 87.5 percent of all those interests outside North

America formerly held by Hud- son's Bay Oil and Gas Company

Limited which, in 1982, became a wholly owned Dome subsidiary.

The sale is effective July 1, 1982, with closing scheduled for the end of October. The total pur- chase price is approximately $270 million ($340 million Canadian).

BP and LASMO will have an equal interest in each of the companies holding the Indonesian properties. LASMO will acquire all of the Dome shareholding in the other companies holding ex- ploration and production inter- ests in Australia, Brazil, Egypt, the United Kingdom, Italy, the

Netherlands, and Norway.

The overall transaction, which is subject to various consents, involves 30 contract and license areas of 31.9 million gross acres (10.8 million net). Net current production is approximately 11,- 000 barrels per day of crude oil from the southeast Sumatra area of Indonesia, with additional de- velopments planned to come on stream in 1983 and 1984.

Hemple's Names Hickey

U.S. Technical Director

Jack E. Hickey

Finn Olander, president and chief executive officer of Hempel's

Marine Paints, Inc., New York,

N.Y., recently announced the ap- pointment of Jack E. Hickey as technical director of the compa- ny's U.S. operations.

Hempel's Marine Paints, in ex- panding their operations in North

America, have also recently opened a corporate research and development laboratory in Hous- ton, Texas — Hempel Technology

Inc. -— under the management of

Dr. Malcolm Hendry.

Mr. Hickey will be in charge of all local research and develop- ment as well as production con- trol. He will work closely with the corporate research and devel- opment laboratory in Houston as well as the corporate centers in

Europe. Mr. Hickey's experience includes a long career in technical management, most recently with

International Marine Paint Com- pany.

Swedish Firm Appointed

Agents For Megasystems

In Three Countries

Megasystems, Inc., Boca Raton,

Fla., a manufacturer of diesel combustion analysis equipment and marine automation systems, announced the appointment re- cently of Salen and Wicander of

Solan, Sweden, as exclusive agents for sales and service in

Sweden, Poland, and West Ger- many.

Salen and Wicander will repre- sent the complete line of diesel combustion analysis equipment including the MS 2500, Seamatic, and the new direct optical tuning (D.O.T.) diesel plant tuning sys- tem. t Keep your head above water!

Don't Let Engine Repair Costs

Drag You Under is an authorized Distributor for Detroit Diesel Allison • 24hourservice-7daysa week complete parts inventory • factory trained technicians

Penske is an authorized EMD application contractor

Call Your Penske Power Pro Today. i POWER ••• \m.

M

ELECTRO MOTIVE

Lodi, NJ 180 Rt. 17 South

New Jersey 07644 201/489-5800

Piscataway, NJ 169 Old New Brunswick Road

New Jersey 08854 201/752-7100

In New York, Phone 212/665-1500

Long Island, NY 3025 Veterans Memorial Hwy.

Ronkonkoma, New York 11779 516/981-5800 40

Write 339 on Reader Service Card Maritime Reporter/Engineering News