Page 11: of Maritime Reporter Magazine (January 1998)

MARINE FINANCE

Occidental Signs $440M Oil

Production Pact

Qatar signed a $440 million oil production sharing agreement with Occidental Petroleum Corp. for the Idd Al-Shargi South Dome offshore oilfield. The oil field is expected to reach about 50,000 bpd within a few years of appraisal.

Qatar already produces more than 670,000 bpd.

Oceaneering Tapped To

Build Multi-service Vessel

Oceaneering International was contracted to build a second multi- service vessel for deepwater instal- lation work in the U.S. Gulf of

Mexico. To be named Ocean

Intervention II, it is designed for light construction tasks in deepwa- ter field development programs.

The vessel will measure 242 x 54 ft. (73.7 x 16.5 m) with 6,150 sq. ft. of clear deck space, and will offer a fully redundant dynamic position- ing system and an 80-ton deck crane.

Circle 13 on Reader Service Card

Stolt Comex Seaway Grabs $11M Contract

Stolt Comex Seaway was award- ed an EPIC contract from Total Oil

Marine for the provision of a sub- sea tie-in facility to the Frigg U.K. pipeline for Talisman's Ross field development.

The $11 million contract involves a welded hot-tap onto the Frigg

U.K. export pipeline in the U.K. sector of the North Sea. Hot tap- ping is a means of connecting a new pipeline onto an existing pipeline, typically an export trunk- line, without stopping the flow.

Litton Wins Contract From

RCCL

Litton Marine Systems has won a contract to supply integrated bridge systems for the new Eagle- class ships for Royal Caribbean

Cruise Lines.

The system will be installed on three ships, which are being built at Finland's Kvaerner Masa-Yards.

The first of the 130,000-ton ves- sels, to be the world's largest cruise ship, is due for delivery in mid- 1999.

Circle 17 on Reader Service Card

Bluewater To Deliver Turret

Mooring System For

Petrobras

A contract for the turnkey con- struction and delivery of a Turret

Mooring system for Petrobras' FSO

P-47, to be installed offshore

Brazil, was awarded to Bluewater by AESA/Maritima.

The system will be installed in a 270,000-dwt tanker that will become the storage vessel for the semi-based FPO P-36 (ex-Spirit of

Columbus) located in the Roncador field. Bluewater also received a contract from Kvaerner Oil & Gas

Ltd. to provide a Turret Mooring

System for the North Sea Bittern & Guillemot West fields FPSO.

The fields — being jointly devel- oped by Amerada Hess, Shell U.K

E&P and Texaco North Sea U.K.

Co. — are due to start producing oil in May 1999.

Circle 11 on Reader Service Card

Since its introduction the 23 liter, Lugger 6170A has proven itself in the toughest jobs on the water; tugs, draggers and passenger ferries.

Now this big bore, inline six brings you the long life, total dependability and low life-cycle costs you expect from a Lugger and up to 900 hp.

More power, low stress

Rated at 700 hp for continuous duty the 6170 gives you 2086 ft lbs of prop twisting torque at 1500 rpm. With a conservative hp

L6170A SPECIAL FEATURES 1. Cast-iron, liquid cooled, exhaust manifold. 2. Liquid cooled turbocharger for improved performance and fuel economy. 3. Optional Airsep® oil vapor trap 4. Individual, four valve cylinder heads.

Rebuild one cylinder at a time. 5. Spin-on coolant filter/conditioner. 6. Cast expansion tank. No welds. 7. Long life cupronickel, tube-type heat exchanger. 8. Self priming centrifugal seawater pump for heat exchanger cooled engine. Accessory PTO #2 available on keel cooled engine. 9. Variable timing fuel injection 10. PTO #1 drives alternator on electric start engines. 11. Crankshaft ** pulley (opt.) 12. Gear-driven fresh-water coolant pump. 13. Gear oil cooler. 14. Dual 24 volt, 10 hp starters. Air start (opt.). 15. SAE-0 flywheel housing. 16. Thermostatic stainless steel,; engine lube oil cooler. • Freshwater aftercooler for less smoke. " Dual spin-on fuel filters. • Oil change pump for engine and gear (opt) • Dual spin-on oil filters. • Bosch-type in-line fuel injection pump • Oil sump doors for in-vessel rebuilds. • VDO main and auxiliary instrument panels.

Inline muscle to cid ratio of 0.5 to 1 it works hard without straining.

Even its 900 hp high output rating is only a 29% increase over continuous.

This is an engine rated for the long haul in whatever type of boat it is installed.

Cut your fuel costs.

With specific fuel consump- tion rates going as low as 0.331 lbs/hp/hr, the L6170A will lower your operating costs and extend your vessel's working range. This economy comes from proven mechanically controlled variable fuel injection timing.

Fly-by-wire, electronic black boxes are not needed. Lugger gives you proven technology and lower operating costs.

Building a new boat or repowering?

Tired of engines that don't live up to your expectations?

Then look at what the new version L6170A offers. You will never go back to what you had.

Call free for

L6170A brochure.

West (Seattle) 1-800-762-0165

Alaska (Anchorage) 1-800-478-3006

Northeast (Mass) 1-800-480-4223

Southeast (Florida) 1-800-843-6140

Fax 206-782-5455

E-Mail [email protected]

Web www.northern-lights.com nr^

The Choice For Big Boat Pros 5

Optional Front PTO

Is your engine brand failing to meet expectations?

The alternative is now even more attractive*

January, 1998 Circle 295 on Reader Service Card 11