Page 67: of Maritime Reporter Magazine (November 1984)

Three Offshore Service

Fleets Plan Merger Into

New Company

Three offshore service compa- nies—Gulf Fleet Marine Corpora- tion of New Orleans; Jackson Ma- rine Corporation of Aransas Pass,

Texas; and Zapata Marine Service of Houston—plan to merge into a new company that will have $600 million in assets and a fleet of 325 vessels to serve offshore oil and gas operations throughout the world.

The three companies are subsidiar- ies of Houston Natural Gas Compa- ny, Halliburton Company, and Za- pata Corporation, respectively.

To be named Zapata Gulf Marine

Corporation, the new company will be owned 42.6 percent by Zapata, 36 percent by Houston Natural Gas, and 21.4 percent by Halliburton. It will be controlled by two directors from each of the parent companies.

Subject to approval by several regu- latory agencies, the merger will be one of the largest offshore oil and gas industry service fleets in the world, according to a Zapata spokes- man.

The 325-vessel fleet of the new company will comprise 196 supply and tug/supply vessels, 89 tugboats, 22 crew and utility boats, and 18 barges.

Houston Natural Gas Company is also involved in shipbuilding and transmitting and selling natural gas.

Halliburton is active in oilfield pro- duction and services, engineering, construction, and insurance. Zapata operates offshore drilling rigs and is also involved in exploration and production.

Regency Introduces New

Marine Transceiver —Literature Available

Regency Electronics, Inc. of Indi- anapolis, Ind., announces the intro- duction of the Polaris MT6500, a systhesized marine band transceiv- er.

The MT6500 operates all U.S. and international channels, 10 weather channels, and has capacity to add up to 10 private channels.

The scanning receiver section can be programmed to scan as few as two or as many as all of the marine chan- nels. All information is entered into the microprocessor through the backlighted translucent rubber key- board. Channel numbers and prompting information is displayed on the vacuum fluorescent display.

A special feature of the MT6500 is a programmable dual priority fea- ture that either automatically re- verts to the priority channel when a call is received or beeps to let you know there is a call on the priority channel. The new unit also features a 25/1 watt selector, bright/dim panel light control, digital clock, and reversible mounting bracket.

For further information and free literature on the MT6500,

Circle 53 on Reader Service Card

November 1, 1984

Hydranautics Awarded

Contract By Marathon Oil

For Rig-Skidding Systems

Hydranautics Hydraulic Systems has received a contract from Mara- thon Oil UK, Ltd. for two rig-skid- ding systems for use on the Brae B platform for the North Brae gas condensate field in the North Sea.

Each system consists of two 420- metric-ton and two 210-metric-ton, push-pull capacity hydraulic grip- per jack assemblies and a control console. The 420-metric-ton gripper jacks are the largest gripper jacks ever bought for rig skidding.

Hydranautics also has its equip- ment operating on Marathon's Brae

A platform in the South Brae oil reservoir. Satisfaction with the way that equipment works led Marathon to grant Hydranautics the latest contract. Shipment of the new sys- tems is scheduled for mid-1985.

Hydranautics Hydraulic Systems is headquartered in Goleta, Calif., with offices in London, Singapore, and Houston. The company designs and manufactures heavy-load mov- ing equipment for offshore and shipyard-related activities, includ- ing systems for applications ranging in size from 50 to more than 50,000 tons.

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Circle 239 on Reader Service Card 71

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