Marine link
 

Texaco E&P Extends Contract With Transocean

Transocean Offshore Inc. has received contract extensions from Texaco Exploration and Production Inc. on two of its second-generation semi-submersibles, Transocean 96 and Transocean 97. The Tranocean 96 contract extension, expected to commence next month, is for a period of three-years, with years two and three subject to cancellation following a one-year notification requirement. Total reveneues to be generated during the initial year of the contract extension are approximately $40.7 million.

The Transocean 97 contract extension is for a period of sixmonths beginning mid-June 1998.

Texaco has assigned the semi-submersible to British Gas Pic., which is currently mobilizing the rig from the U.S. Gulf of Mexico to Trinidad where it is expected to operate throughout the contract extension period. Total revenues to be generated over the six-month extension period are approximately $21.9 million.Falcon) to provide a riser centralizer system and central hydraulic power units for the joint venture's ultra-deepwater drillship Deepwater Frontier. The Bardex system will be used to capture and position 10,000 ft. (3,048 m) of disconnected marine riser string. The system will also be capable of providing guidance to the BOP as it passes through the wave zone. The centralizer system's synchronized swing-out beams will be designed to allow the riser to be captured at any point with in its maximum movement and centered in the drillship's moonpool. The system and power units will be certified by ABS and will allow Deepwater Frontier to perform drilling, testing, crude oil storage and offloading functions at different drilling sites worldwide.




Maritime Contracts History

ABS Finds Asian Market Fruitful
Avondale Alliance Claims Victory In LPD-17 Bid War
Blount Lands Oyster Boat Contract
Board Approves Modernization Of inree rori m Bammoro vranes
Canadian Department Of National Defense Awards EDO $1.4 M Contract
Cascade Adopts New Labor Agreement
Crowley Receives USCG Contract For Ongoing Spill Cleanup In Puerto Rico
EPA Awards Seaward Services $5.6 Million Contract
Evergreen And Uniglory To Upgrade Container Fleets
Harland And Wolff Awarded Bluewater FPSO Conversion Contract
HDW To Buy Fuel Cell Power Plant From Ballard
Lockheed Unit Wins $6.4 M For Radar Development
MAN B&W Celebrates 100th Anniversary Of Diesel Engine License Agreement
MCN Buys 20 Million Minutes From AMSC
New Sulzer Reports Engine Order Influx
Oceaneering Affiliate Wins Part Of $10 Million Platform Contract
Penn Yon Secures California Patrol Boat Award
Power In Numbers
Racal-Decca ISIS Engine Room Monitoring Systems Chosen For Aramco Arabian Gulf Support Fleet
Raytheon, Software Co. Win Technology Contract
Scotland's RRD Performs Technically Demanding Ship Stretch
Smit Continues Danyard Heavy Lifts For Stolt Nielsen Newbuildings
Southwest Marine Wins Navy Contract
SSE Secures Further Contract For Two Container Vessels
TANKERS FOR RUSSIA TO BE BUILT IN U.S.
Texaco E&P Extends Contract With Transocean
TEXTRON Marine & Land Wins $26.6 Million USCG Contract
Textron Marine Awarded $117.4 Million Navy LCAC Contract
Uniter Wins LGN Turkey Contract
YVC Bolnes Dockyard, Rotterdam, Gets Two Conversion Orders
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright