Page 64: of Maritime Reporter Magazine (November 2005)

approximately 30,000 barrels of oil per day (b/d) and 30 million cu. ft. of gas per day (mmcf/d). The semisubmersible facility will have a production capacity of approximately 45,000 b/d and 45 mmcf/d. The topsides can be upgraded to a capacity of 60,000 b/d and 150 mmcf/d to accommodate production from satellite discoveries or third-party tiebacks.

Aker Kvaerner, Inc. was awarded the semisubmersible hull and mooring sys- tem contract for the Blind Faith project, a contract valued at approximately $120 million. Aker Kvaerner's scope of work includes engineering, procurement, con- struction and transportation.

This development will use Aker

Kvaerner's Deep Draft Semisubmersible (DDS) concept which has been con- ceived specifically for the application of steel catenary risers in the ultra-deepwa- ter and current-heavy Gulf of Mexico environment. The DDS represents an evolution of the strong Aker Kvaerner semisubmersible lineage.

The Blind Faith semisubmersible will be delivered using several Aker

Kvaerner entities such as Aker

Kvaerner, Inc., Aker Kvaerner Verdal,

Aker Kvaerner Engineering &

Technology and Aker Marine

Contractors.

Northrop Grumman

Impact: $1 Billion

Northrop Grumman Corporation reported that its facilities incurred sig- nificant damage and its operations have been impacted as a result of Hurricane's

Katrina and Rita. The company's Ships segment includes its operations at

Newport News, Va., and its Ship

Systems shipyards on the Gulf Coast.

Only the Gulf Coast shipyards were impacted by the hurricanes. Production work has resumed on the 11 ships under construction at its operations in New

Orleans, La., Pascagoula, Miss. and

Gulfport, Miss., and approximately 12,500 of its 19,800 employees are back to work at these shipyards. "Although we experienced significant damage and disruption from the hurricanes, our team has already made solid progress in restoring the yards and resuming pro- duction," said Ronald D. Sugar, chair- man, CEO and president.

The company's Ship Systems facilities incurred significant damage from

Hurricane Katrina, with lesser damage reported at several smaller operations in the area. Damage from Hurricane Rita was minor. A preliminary property damage assessment has been completed, and the company currently estimates that the cost to replace and repair its property, plant and equipment will be approximately $1 billion. The company currently estimates that the net book value of the damaged property, plus the cost of clean-up and recovery, is less than $500 million. In addition to work delays, the company will also incur additional costs under its current Ship

Systems contracts due to hurricane relat- ed delay and disruption of work under those contracts. The cost growth is expected to reduce earned margin on these contracts.

You’ve known us for quality rigging products since 1890. Our compre- hensive block, fairlead, sheave and alloy forging lines have met the chal- lenges of the most demanding appli- cations around the world. And in the process, we’ve proudly taken part in the shaping of American history; from salvage operations at Pearl

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San Francisco’s BART and the space shuttle.

Whatever your applications, we’re committed to serving you with the finest in standard and custom engineered products. For further information contact your nearest dealer or call us at: 503/651-3175

Skookum

PO Box 280, Hubbard, OR 97032

FAX 503/651-3409

Now more than ever,

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AN ULVEN COMPANY 1-800-547-8211 • www.skookumco.com

SINCE 1890

Smith Berger Marine, Inc. builds a full range of Shark Jaws for Anchor

Handling Tug Supply vessels. Standard ratings are 100, 200, 350, 500 and 750 metric tons and all units have Quick Release at the rated load.

Smith Berger flexibility allows us to customize our equipment to suit the operating characteristics of your vessel. Third party certification, load tests, release tests and load monitoring systems are available options.

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OFFERS A COMPLETE LINE OF

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SAFE - RELIABLE - ECONOMICAL

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