Page 2: of Maritime Reporter Magazine (November 1991)

ON THE COVER

New York Harbor becomes the focal point once again for the Annual Society of Naval Architects and Marine Engineers Conference and the 10th

International Maritime Exposition.

INSIDE

Preview of the SNAME Annual

Meeting & International

Maritime Exposition 21

Portfolio of Outstanding

Workboats of 1991 46

Preview of the Annual Int'l

WorkBoat Show 58

Improving Current

Strategic Sealift 64

Petrobras To Purchase

Dow Chemical Rig

For $75 Million

Petrobras, the Brazilian state- owned oil company, is set to pur- chase the third-generation rig Sov- ereign Explorer from Dow Chemical for around $75 million.

The Sovereign Explorer is to be- come a production unit for the

Marlim or Albacore fields in the deep waters of the Campos Basin. The semisubmersible rig will probably start as a drilling unit on the fields prior to undergoing conversion to a production unit capable of handling between 80,000 and 100,000 barrels per day at a Brazilian shipyard.

The Sovereign Explorer, a

GVA4000 design built in 1984 by

Cammell Laird in Birkenhead and completed in Sweden, is considered one of the best third generation rigs in the North Sea.

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