Page 150: of Maritime Reporter Magazine (September 1996)

Exxon Affiliate Signs Production

Sharing Contract For Offshore

Congo Project

Exxon Corp. announced that an affiliate,

Esso Exploration and Production Congo,

Ltd., has signed a production sharing con- tract to explore the Mer Profonde Nord block, which lies 50 to 75 miles offshore Congo. The

Mer Profonde Nord block covers an area of approximately one million acres in water depths ranging from 660 to 6,600 ft. (200 to 2,000 m).

In addition to Mer Profonde Nord, Exxon affiliate interests in the Congo also include a 15 percent interest in the approximately 270,000-acre Marine IX permit and a 30 per- cent interest in the 950,000 acre Mer

Profonde Sud license, which was acquired in

July of this year.

Exxon's addition of the Mer Profonde Nord permit to its West African portfolio is further evidence of the company's commitment to the high potential resource area of offshore West

Africa. Kenneth R. Evans, president, Esso

Exploration and Production Congo, Ltd., and vice president, Africa-Middle East Business

Unit, Exxon Exploration Company, comment- ed, "Exxon is pleased to have the opportunity to operate the Mer Profonde Nord block. The award announced today reinforces Exxon's progress in expanding our long-term pres- ence in the Congo and West Africa and fur- ther exhibits the cooperation that exists between Exxon and the government of the

Republic of the Congo."

In recent years, Exxon has established a major position in the deepwater off Angola,

Nigeria, and the Congo, holding interests in 13 blocks, totaling nine million acres, including this award. Exxon is the operator of three off- shore blocks, one each in the Congo, Angola and

Nigeria.

Ameron To Acquire Devoe Marine

Coatings Business

On August 8, Ameron International Corp. announced that it had signed an agreement to acquire the worldwide Devoe marine coatings business of Imperial Chemical Industries pic.

The business to be acquired by Ameron reported- ly generated sales of approximately $50 million in 1995. "This acquisition will make Ameron the larj supplier of high performance marine and shore coatings in the United States, and it also greatly expand our sales and service i work and global presence in these markets," £

James S. Marlen, Ameron chairman, presid and CEO.

Ameron will manufacture and market a ni_ ber of well-known product lines under De1 trade names such as Bar-Rus advanced techn ogy epoxy, ABC marine antifoulings, Catha-C( zinc-rich primer, Devchem tank linings, Devg non-skid epoxy, Devthane acrylic urethane a

Pre-prime primer.

In addition, Ameron will manufacture and si

NWC Preps For Annual Meeting

The National Waterways Conference's annual meeting is scheduled to take place at the Regal

Riverfront Hotel in St. Louis, Mo., from

September 25-27. The meeting will examine shifts in national policies affecting inland waterways, and explore steps to reverse the cur- rent downward trend in federal civil works funding. Among those scheduled to address convention delegates is Major General Stanley

G. Genega, director of Civil Works for the Army

Corps of Engineers.

The program's theme, Are Shrinking Federal

Budgets Sinking the Navigation System?", prompted Conference Chairman Robert W.

Portiss to comment: 'The civil works program is already targeted for substantial reductions in funding, and this will happen if we don't con- vince policymakers that navigation and flood control should have a higher national priority."

These are the concerns organizers intend to address.

The National Waterways Conference's annu: meeting will include 30 speakers, panelists an moderators, and 400 business, civic and wate; ways leaders are expected to attend. Topics t be discussed include: efforts to trim the cost c navigation operation and maintenance (0&1V1 programs; changes in federal policies governin; waterways programs; the impact of lower bud get ceilings on civil works programs; and th< modernization of the upper Mississippi anc

Illinois waterways. Also, the convention has scheduled an awards ceremony to honor the lat- est recipient of the National Rivers Hall ol

Fame Achievement Award, and winners of the

National Waterways Conference's first annual waterways literature and promotional materi- als competition.

For registration information, contact NWC, 1130 17th Street, N.W., Washington, D.C. 20036, tel: (202) 296-4415.

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