Page 18: of Maritime Reporter Magazine (December 1997)

and upgrade of FPSO Ocean

Producer. The vessel was dry- docked at Lisnave Shipyard in

Portugal and the work was super- vised by the company's field devel- opment and production contract- ing division Oceaneering

Prodution Systems (OPS).

The work program included a life extension program which will reportedly render the vessel opera- tional for at least 10 more years, incorporating steel renewals, coat- ing of all ballast tanks, flare sys- tem modifications to handle higher production levels, repair/replace- ment of piping and mechanical equipment and re-coating of the hull.

For more information

Circle 36 on Reader Service Card

Hvide Marine Purchases

Two More Fleets

More than doubling the size of its Middle East fleet and bolster- ing its position in the Arabian

Gulf, Hvide Marine Inc. recently acquired two offshore energy sup- port businesses based in Sharjah,

United Arab Emirates. The first,

International Marine Services (IMS), operates a fleet of 30 off- shore workboats and a ship repair business. The second, Selat

Marine Services, operates 14 off- shore workboats. The total value of the two transactions is approxi- mately $56.5 million.

The IMS fleet and marine repair facility were purchased for $36 million and are expected to generate revenue of about $18 mil- lion in the first full year of opera- tion. The fleet — which consists of three anchor-handling tug supply vessels (AHTS), six anchor-han- dling tugs (AHT), one supply ves- sel, four crewboats, one salvage tug, one anchor-handling tug/maintenance vessel, 12 utility vessels and two accommodation barges — operates throughout the

Middle East, Thailand and

Singapore.

Selat's fleet is being purchased for $20.5 million and is expected to add an estimated $10 million in first-year revenues. Its 14 vessels operate throughout the Middle

East and consist of three AHTSs, three AHTs, three supply vessels, two crewboats and three utility vessels.

The acquisitions bring to 79 the number of vessels operated by

Seabulk Offshore International,

Inc., Hvide's Dubai-based Middle

East energy services subsidiary, and will boost its annual revenues to approximately $60 million. 18 Circle 288 on Reader Service Card Maritime Reporter/Engineering News

Amoco And AEI Sign

Alliance Framework

Agreement

Amoco Corp. and Aker

Engineering, Inc. (AEI) recently signed an Alliance Framework agreement which initially covers front-end conceptual engineering for Amoco deepwater projects in the Gulf of Mexico. AEI will sup- plement Amoco's internal person- nel resources and provide continu- ity in technical specialists and deepwater developments in other geographical areas and perform engineering work as required by

Amoco's Worldwide Engineering and Construction organization to support Amoco projects worldwide.

Both companies reported expec- tions of the scope of the work broadening over time as the

Alliance evolves.

Oceaneering Completes

FPSO Project

Oceaneering International, Inc. has completed the refurbishment

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