Page 72: of Maritime Reporter Magazine (June 1998)

British-Borneo Exploration, Inc. for work on the Allegheny field development in the Gulf of Mexico.

Under the contract, J. Ray

McDermott will transport and install the hull, deck, pilings and tendons for the SeaStar mini-ten- sion leg platform (TLP) in 3,300 ft. of water at Green Canyon Block 254. Through its subsidiary

Mentor Subsea Technology, the company will also design steel catenary risers (SCR) and design, procure and commission five sub- sea completions and two riser-end manifolds. The DB-50 will install the TLP pilings, tendons, hull and deck and the two risers and mani- folds. Using J. Ray McDermott's

J-lay system, the DB-50 will also install two 12-in. export pipeline

SCRs and six miles of interfield flowlines and associated SCRs.

The work is expected to be com- plete in the summer of 1999.

The Shaw Group To Acquire

Bagwell Brothers

The Shaw Group Inc. has signed a letter of intent to acquire all of the outstanding shares of common stock of Bagwell

Brothers, Inc., a Louisiana-based fabrication and construction com- pany serving the offshore energy industry. Shaw will fund the acquisition through a combination of 675,000 shares of its common stock and $1.6 million in cash.

Transocean Offshore

Gets Contract For

Semisubmersible

Transocean Offshore Inc.'s sec- ond-generation semisubmersible

Transocean 97 has received a new contract from a subsidiary of

Conoco for a second work program offshore Trinidad. The two-well contract will commence in

January 1999, immediately upon the completion of current work in progress for Texaco Exploration and Production, Inc. offshore

Trinidad. Revenues to be generat- ed over the estimated six-month contract period are approximately $25.6 million.

Kvaerner Unveils New Oil "Floater" Technology

Kvaerner ASA unveiled two new offshore "floater" concepts for the oil and gas industry.

The deep draft floater (DDF) is a multi-leg deep draft floater is based on existing technology assembled in a new configuration.

The DDF is suitable for water depths from 425 ft. (130 m) to over 6,561 ft. (2,000 m) and could be a viable solution for a wide range of field development solutions including the Gulf of Mexico, West

Africa, Brazil and the Caspian

Sea.

The floating production, drilling, storage and offloading (FPDSO) vessel is a deep-water, single stand-alone unit with pro- duction, drilling and storage capa- bilities.

Kvaerner said the FPDSO is the first free weathervaning turret- moored FPSO with fully rated drilling through a turret facility.

Fully compliant with CN114

GMDSS requirements. / /

Tested, certified, seaworthy an rely on. """" QCJ CI GMDSS ciacn nam = n a an ° a a a = 333 1 3

Siiiiu • a # ! f c——_

MB*

Factory-trained installation available worldwide.

Global dealer network for fast parts and service.

T

Shipped fully assembled for fast, easy installation.

Modular console measures only 42"W x 16"H x 14"D.

SEA 300-A3 systems are in stock and ready to install.

GMDSS

BUILT TO SAVE LIVES. DESIGNED TO BE USEI

Impending GMDSS requirements have everyone thinking compliance. But that's not the only reason we built the SEA 300-A3. It's also designed to handle the everyday communications you rely on to get the job done—reliability we've become known for during more than 22 years at SEA. For more information call 425.771.2182 ext. 120, or fax: 425.771.2650.

SEA. 7030 220th Avenue Southwest, Mountlake Terrace, WA 98043 USA. www.sea-dmi.com

SEA and the SEA logo are registered trademarks of D ataman r* International. Inc.

A UNIT OF DATAMARINE INTERNATIONAL, INC. American ledwetoffl that Ma te fce MM

Circle 273 on Reader Service Card

June, 1998 74