Page 18: of Maritime Reporter Magazine (December 2001)

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News

Keppel FELS Clinches $22 Million Contract

From Atlantia Offshore

Keppel FELS has landed a $22 million contract for the construction of the hull structure of Atlantia's Seast- ar TLP System, which supports a self-contained topside with full production, work over, utility and accommo- dation capabilities.

The 84-ft. (25.6 m) diameter column hull structure, to be built in KFELS' Pioneer Yard, consists of a central moon-pool and a Y-shape base pontoon for attachment of the mooring tendons.

The project is expected to be completed by end

December 2002 and the platform will operate in the

Matterhorn Field located in the Gulf of Mexico.

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U.S. Navy Awards $60 Million to

DD 21 Alliance and Bath Iron Works

The U.S. Navy has awarded the DD 21 Alliance a $60.1 million contract modification for the extension of the DD 21 Phase II Period of Performance.

Work will be performed in Bath, Maine (32.5 per- cent); Pascagoula, Miss. (32.5 percent); Minneapolis,

Minn. (30 percent); and Woodland, Calif. (5 percent), and is expected to be completed in December 2001.

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A&B Signs OSV Contract With

Mitchell Offshore

A&B Industries of Morgan City has signed a contract with Mitchell Offshore Marine of Grapevine, Texas for a new construction 130 x 32 x 12-ft. (39.6 x 9.7 x 3.6 m) Offshore Supply Vessel (OSV) under Subchapter L.

With a fuel oil capacity of approximately 43,000 gal- lons and a water capacity of approximately 60,000 gal- lons, the vessel will have a deck area of 80 x 28 ft. (2,240 sq. ft.) with a 170 long ton deck load. Louisiana

Machinery will furnish the Main Engines and gears consisting of two diesel engines and two 65 kW Gener- ator sets.

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Smedvig Opts To Purchase

Keppel1 s Rig Interest

Smedvig Asia exercised its option to purchase Keppel

Hitachi Zosen's (KHZ) interest in the semi-submersible tender rig, West Alliance, for $61.5 million on Novem- ber 2, 2001. In mid-August this year, Smedvig Asia had announced its intention to purchase KHZ's stake in the rig once the vessel commences operations.

With the exercise of its option, Smedvig Asia now owns 100 percent of West Alliance, which is now deployed in East Malaysia under a contract with Esso

Malaysia, and was successfully built and delivered by

Keppel Shipyard in October 2001.

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Telephony, fax, telex and data (9.6 and 64 kbps)

Auto-polling for real-time information

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Farstad Shipping, Stolt

Offshore Sign Charter

Agreement With Norsk Hydro

Farstad Shipping ASA, in co-opera- tion with Stolt Offshore AS, has received a Letter of Intent from Norsk

Hydro worth more than $42.4 million for a five-year charter, plus three yearly options, for the newbuilding Far Saga, which was delivered from Simek AS on

October 31. The vessel, a large platform supply vessel (PSV) of design UT 745

L, will be a part of Stolt Offshore's con- tract with Norsk Hydro for underwater services.

Far Saga will operate in a PSV role for

Norsk Hydro until necessary outfitting and mobilization for underwater ser- vices is carried out. Farstad Shipping will then have five of its vessels on long- term contracts with Norsk Hydro.

In addition, Farstad Shipping ASA has reached charter agreements for Far Sov- ereign from the beginning of November this year until the end of year 2002 for work outside the North Sea.

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