Page 83: of Maritime Reporter Magazine (June 1996)

Scana Industrier Acquires

Moland Automation

Norwegian ship automation spe- cialist Moland Automation AS has changed its name to Scana Moland

AS, following its acquisition by

Scana Industrier ASA in December 1995.

Joining the Scana Group, which is listed on the Oslo Stock

Exchange, strengthens the compa- ny's prospects in new markets.

Scana Moland supplies maneuver- ing/voyage recorders and alarm/monitoring systems.

The company's latest product is the Moland MA 100 alarm, moni- toring and control system, which comprises self-contained process- ing units and operator terminals in a redundant, high-capacity data network.

For more information on Scana Moland

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Halliburton Earnings Up 35

Percent

Halliburton Company announced that 1996 first quarter earnings from continuing operations increased 35 percent. The compa- ny reported that revenues of $1.7 billion were generated for the first quarter, a 30 percent increase over the 1995 first quarter revenues.

Halliburton's continuing opera- tions include two business seg- ments: Energy Services and

Engineering and Construction

Services. Both reported increased 1996 revenues and operating incomes.

Halliburton Energy Services' rev- enues climbed 17 percent from a year ago to $663 million for the quarter. At the same time, operat- ing income rose 29 percent to $67.3 million. Revenue growth was attributable to overall strengthen- ing of the upstream oil and gas market. Strongest growth came from Halliburton's North

American, European/African and

Latin American regions.

For Brown & Root —

Halliburton's engineering and con- struction business segment — rev- enues increased 42 percent to $998 million for the first quarter.

Growth was experienced in all major industries served by Brown & Root. "The strong Halliburton

Company first quarter start gives us optimism for significant 1996 full-year progress," said Dick

Cheney, the company's chairman of the board and CEO.

Halliburton Company is one of the world's largest diversified ener- gy services, engineering, mainte- nance and construction companies.

Halliburton Company's Energy

Services business segment also announced that it successfully installed a multi-lateral system with full lateral liner connectivity, a hydraulically-isolated lateral junction and full-bore lateral re- entry access. The system, installed

June, 1996 for Norwegian operator Norsk

Hydro, is reportedly the world's first to provide full-bore re-entry access to the lateral while main- taining the integrity of the main wellbore. The multi-lateral system was installed in Norsk Hydro's

Oseberg field, located approxi- mately 120 km west of Bergen in the Norwegian North Sea.

The Oseberg C platform was installed in 1988 to drain the northern portion of the field. Norsk

Hydro set a specific goal for increasing recoverable reserves from this field. Multi-lateral tech- nology was identified as a means of helping to achieve the goal.

Halliburton's Multi-Lateral

System 3000 was chosen for the application because of its full-bore access which provides flexibility in running downhole tools, and later- al isolation which enhances pres- sure integrity and increases pro- duction control. Johan

Mikkelsen, assistant director in

Hydro's Exploration and

Production division said, "This multi-lateral system will allow us to increase recoverable reserves economically. The ability to avoid drilling additional wells while maintaining re-entry access to the lateral is very beneficial."

Norsk Hydro and Halliburton worked closely throughout the lan- ning, development and execution phases of the project. The success-

SHIP-REPAIR, SHIP-BUILDING, MARINE EQUIPMENTS 3,500 kw Z-drive Tug

LMIEC

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Our corporation is engaged in export of various ships, diesel engines, marine equipments, etc.

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It is also handling export of big power marine diesel en- gines with cylinder bore 50,60,70,80,90 cm of MC/

MCE series-one of the most advanced low-speed and big power diesel engines in the world, adopting design con- cept and technique of ad- vanced marine main engine.

It also undertakes building various fishing boats, life- boats, petroleum drilling plat- forms, ship projects, anchor, anchor chains, marine valves, marine equipments, spare parts, etc.

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Telex: 86157 DCMC CN Fax: 0086-411-2637195

Liaison: Song Jun

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THE Bill

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