Page 19: of Maritime Reporter Magazine (May 2000)

Marine Finance rently on order at Lloyd Werft shipyard.

Five cruise vessels on order at Meyer

Werft also boast MacGregor's elevators, such as P&O's Aurora; RCI's Radiance of the Seas and a sistership hull; Star

Cruises' Superstar Libra and its 112,00- gt newbuilding.

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R&B Falcon Awarded

Drilling Contract

R&B Falcon Drilling has been granted a $108 million drilling contract by

Petroleo Brasileiro S/A Petrobras for a three-year contract for the DP drillship

Peregrine II for operations in Brazil in up to 1,200 m of water.

Currently situated in Galveston,

Texas, where an upgrade project con- sisting of installation of a new blowout preventer stack and control system is underway, the unit will mobilize from

Galveston this month to begin opera- tions upon arrival in Brazil.

Oceaneering Intl. Receives

Underwater Services Contract

Oceaneering Intl. was awarded a frame agreement for underwater ser- vices to Statoil in the Norwegian sector of the North Sea. The contract, which has a primary term of three years and two one-year extension options, replaces a previous multi-year contract between the company and Statoil.

Under the agreement's terms Ocea- neering will provide remotely operated vehicle (ROV) drill support services onboard six semisubmersible drilling rigs and additional ROV construction/intervention operations from oilfield support services.

Litton Marine Wins U.K.

Ministry Contract

Litton Marine Systems was granted an order from the U.K. Ministry of Defense for the supply of navigational radars for 19 support vessels in service with the

Royal Navy and British Army. With installation to be complete by June 2000, the radars will be furnished by

Litton's Decca Marine subsidiary in

New Maiden, U.K.

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Aker Wins Mooring Contract

Aker Marine Contractors (AMC) and

Chevron Overseas Petroleum Azerbai- jan Limited (COPAL) have agreed to provide a preset mooring system to sup- port COPAL's drilling program off

Azerbaijan in the Caspian Sea. AMC's contract encompasses the transportation of the preset mooring system to Baku in

Azerbaijan, the lease of the system for two years, and storage and installation.

AMC designed the mooring system to be used in conjunction with either the

Istigal or Dada Gorgud — the only two semisubmersibles in the Caspian Sea — to extend their mooring capabilities to water depth of 2,460 ft. (750 m).

Schlumberger Wins Contract

Schlumberger Oilfield Services received two multi-million contracts from BHP Petroleum for seismic data processing services. BHP selected

Schlumberger based on the company's differentiating capabilities in depth imaging provided by Seismos, Schlum- berger's seismic data processing soft- ware. Assisting in the evaluation process are Schlumberger geophysicists. Present at BHP's office, the geophysicists are directly linked to the Schlumberger

Megacenter Data Processing facility in

Houston.

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Over our 50-year history in marine keel cooling engineering and manufacturing, R.W. Fernstrum &

Company has built a reputation of quality and service, worldwide.

Throughout the years, we've made improvements in durability and efficiency to our GRIDCOOLER® line of keel coolers. Today, we're taking our product's efficiency to a higher level.

Introducing the

ENHANCED

GRIDCOOLER from R. W. Fernstrum

By using an enhanced surface on the interior of our tubing, we've increased the heat transfer capability of our keel cooler by up to 30%. On large installations, this can reduce the number of coolers required for an application. It also allows us to fit keel coolers in spaces that previously were too small.

This new advancement shows our commitment to innovation in a field where we've long been the leader. If you need a solution to a cooling problem, give us a call.

We will gladly work with you to design a keel cooling system to meet your needs.

LOOK FOR THE GRID...

FIND FERNSTRUM QUALITY

KIICT when tf L131 you thought we could get any i ' m COO rf

R.W. FERNSTRUM & COMPANY 1716 11TH AVENUE • P.O. BOX 97

MENOMINEE, MICHIGAN 49858

PHONE: [906) 863-5553 • FAX: (906) 863-5634

INTERNET WEBSITE: http://www.fernstrum.com

May, 2000

Circle 249 on Reader Service Card 19