Mariner Energy Discusses Hornbeck-LEEVAC Announcement

Thursday, December 20, 2001
Mariner Energy, Inc. announced that consistent with the scheduled completion of its 2001 drilling program, it released the Noble Homer Ferrington semi-submersible rig and two offshore supply vessels owned by Hornbeck-LEEVAC Marine Services. Mariner has been pleased with the performance of Noble's semi-submersible to date and expects to continue utilization of the rig in its 2002 drilling program. Under the terms of Mariner's drilling contract with Noble, the term of Mariner's commitment to use the Homer Ferrington is not a single continuous period but, rather, occurs intermittently and is subject to the usage rights retained by Noble and those owned by others during their applicable "drilling slots". Mariner's release of the rig and the Hornbeck-LLEVAC vessels occurred at the scheduled end of Mariner's 2001 drilling program and in compliance with the applicable agreements. Mariner management believes that the breach of contract claims described by Hornbeck-LEEVAC in its recent announcement are without merit.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1460 sec (7 req/sec)