Page 18: of Maritime Reporter Magazine (June 1991)

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Texaco In Talks With U.S.

Yards For Construction

Of 4-5 New Oil Tankers

Texco Inc. is now engaged in talks with a number of domestic yards for the construction of four to five new 40,000-dwt oil tankers with double hulls to replace a number of 26,000- 46,000-dwt tankers now coming to the end of their active lives, accord- ing to Jim Liebertz, manager of economics and planning in Texaco's marine department.

A likely price per vessel of more than $60 million was suggested by industry sources, dropping closer to $50 million per ship with series production.

In the wake of passage through

Congress last year of the Oil Pollu- tion Act, Mr. Liebertz said the Tex- aco had reexamined its oil transpor- tation policy. The company is still committed to carrying Texaco oil on

Texaco ships, he added, stating that if Texaco is going to be held account- able for whatever happens, they want as much control as possible.

Mr. Liebertz said that a four-to- five ship order would satisfy Tex-

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ACROSS THE OCEANS aco's U.S.-flag requirements for the near future. He pointed out that the company is also looking at interna- tional needs, but there is more of a time constraint in the U.S. because of the Oil Pollution Act.

Because the domestic shipbuild- ing industry has shrunk drastically over recent years, the Texaco order would provide significant stimula- tion.

NC Awarded Troll

Platform Contracts

Worth $614.2 Million

Artists conception of the giant Troll platform to be built by Norwegian Contractors for Norske Shell,

Norwegian Contractors a.s. (NC) of Stabekk, Norway, was recently awarded the largest single contract ever in the history of the company.

The contract, awarded by Norske

Shell for construction of the giant

Troll platform, has a value of 3.5 billion NOK (about $518,000,000). (See MARITIME REPORTER/En- gineering News, October 1990 is- sue.)

In addition, NC was also awarded the MMO contract—the mechanical outfitting of the concrete structure.

This contract haB a value of 650 million NOK (about $96.2 million).

The two major construction con- tracts mount to a total value of 4.15 billion NOK (about $614.2 million).

The platform will be installed on the Norwegian continental shelf at a water depth of 990 feet, where it will mainly produce gaa for the

European market. Construction work will start at NC's yard in

Stavanger in September, and be completed in Vats prior to installa- tion on the field in 1995. The con- crete structure will have a total height of 1,209 feet, and the com- pleted platform will nave a displace- ment of some 1,270,000 tons during low-out to the field.

Apart from being the largest contract related to tne Troll field development, the contract for the construction of the platform is the largest single contract ever awarded in Norway. 1 Circle 318 on Reader Service Card

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