Bardex Views Contract Activity As Sign Of Offshore Improvement

A flurry of contract awards during the first half of 1988 has caused Bardex Corporation of Goleta, Calif., to view near-term recovery prospects for the offshore industry with optimism.

Recent contract activity contributing to the company's renewed growth includes designing and manufacturing rig skidding equipment for three Pemex platforms in the Gulf of Mexico, Conoco Hutton TLP (expanded system), Statoil Velsefrikk, Shell Kittiwake and BP Gyda in the North Sea and for Phase 1 Stage 2 Platforms 06 and 08 in British Gas Corporation's Morecambe Gas Field in the Irish Sea.

The company's most recent order calls for it to supply a very large rig skidding system for Norsk Hydro Oseberg II with dedicated power supply.

The company, which designs and manufactures heavy load-moving equipment for offshore and shipyard- related activities, expects to be able to announce further contract awards shortly.

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Maritime Reporter Magazine, page 35, Oct 1988

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