Page 20: of Maritime Reporter Magazine (September 1996)

OFFSHORE MARKET REPORT ticularly in the Gulf of Mexico, where E&A activity is rapidly accelerating. Subsea production will accommodate most of the new gas finds in the Gulf, but oil will continue to be difficult to transport long distances at great depths and floating production systems will need to be positioned over individ- ual fields. Because pipeline infra- structure exists in the Gulf, there will likely be little requirement for

FPSO vessels in this area — as onboard storage will not be required. As a result, demand in deepwater Gulf locations will gen- erate a growing requirement for

TLPs and other systems able to economically produce large, multi- well fields. We believe that fabri- cation of TLPs (and possibly

SPARS) for installation in the Gulf of Mexico will generate the great- est contract value for floating pro- duction system suppliers in the next decade.

IMA's study of floating produc- tion systems

This article is an excerpt from the first of a series of quarterly reports that IMA will issue over the next year to continually moni- tor this fast moving business sec- tor. Each of these quarterly reports will be a tight, objective assessment of the current busi- ness situation. A special section will be included in each report examining a specific segment of the floating production market.

A subscription to Floating

Production Systems (four quarterly reports) is available for $1,200.

Contact: IMA Associates, 600 New

Hampshire Ave., NW, Washington,

DC 20037 USA, tel: (202) 333- 8501; fax (202) 333-8504.

McDermott Awarded Slice

Of LNG Project

J. Ray McDermott, S.A. recently announced that Qatar Liquefied

Gas Company (Qatargas) has awarded McDermott-ETPM East,

Inc. the offshore portion of the third train of its LNG project. The project, valued at approximately $130 million, includes the design, procurement, construction, instal- lation, hook-up and commission- ing of a process platform, a well- head topside and associated bridge, pipeline and submarine cable. Engineering design will be performed by McDermott at its

Houston office, and fabrication will be completed at its Jebel Ali facilities in the United Arab

Emirates (UAE). The project is due to be completed in late 1998.

McDermott-ETPM East, Inc. of

Dubai, UAE, is a joint venture between J. Ray McDermott, S.A. and ETPM S.A. of France. J. Ray

McDermott is a worldwide marine construction company. Its ser- vices include design, fabrication and transportation; installation of new and refurbished offshore plat- forms; installation of offshore pipelines; and design and installa- tion of subsea production facilities for the offshore oil and gas indus- try. • AMFELS VALUE • RELIABLE SERVICE • QUALITY WORK • COST COMPETITIVENESS • AMFELS VALUE •

L as*:

OFFSHORE & PETROLEUM SPECIALISTS

MAIJJH Established in 1987, AMFELS is a combination of the proven and the new.

An independent subsidiary of the world's foremost builder of mobile and floating offshore exploration and production units, Far East Levingston

Shipbuilding Limited (FELS), AMFELS has the design and construction capabilities to take on the most sophisticated marine offshore, shipbuilding, and ship repair projects.

The Leader in

Shipbuilding and

Ship Repair

Located in the Port of Brownsville, the shipyard covers more than 150 acres. It has modern covered fabrication and deep water access to its facilities, a 48,000-ton dry-dock, a 700-ton and two 150-ton floating cranes and several heavy lift cranes of up to 300 tons capacity.

AMFELS operates an ASME and

API certified facility for building process packages for onshore and offshore production applications.

KMAI/AMFELS Houston Office:

Texas Commerce Bank Building 5177 Richmond Avenue, Suite 1065

Houston, Texas 77056, USA

Phone: 713/840-8811

Fax: 713/840-1198

U.S. Representative

Keppel Marine Agencies Inc.

Head Office:

Port of Brownsville

Highway 48

Brownsville, Texas 78523, USA

Phone: 210/831-8220

Fax: 210/831-6220 • 3MVA S13JWV • SS3N3Allll3dWO} 1S03 • MdOM AlllVflO • 33IAH3S 318VI13U • 3D1VA S13JWV •

Circle 209 on Reader Service Card 22 Maritime Reporter/Engineering News