Torches' Midnight Rider at 100% Utilization

Thursday, April 11, 2002
Torch Offshore, Inc. said that the Midnight Rider has had nearly 100% utilization since it began its first project on December 7, 2001. The Midnight Rider, a pipelay/bury barge, was purchased in June 2001 to expand the company's capabilities on the Gulf of Mexico (GOM) Shelf, both in water depth and pipeline diameter. The barge immediately entered drydock to return it to class and to make minor modifications to improve its capabilities, all completed on time and on budget. Since its introduction to the GOM Shelf, the Midnight Rider has completed 10 projects, laying and burying 196,555 ft. of pipeline. The vessel worked for a total of 102 days before returning to the dock in mid-March 2002 to make improvements on its jetting system for future projects scheduled to begin in May. During that same time period, Torch Offshore's other pipelay barges were able to maintain steady utilization as well, particularly the Midnight Brave and the Midnight Runner. Torch Offshore Chairman and CEO, Lyle Stockstill, said, "Torch Offshore purchased the Midnight Rider to expand our capabilities in our niche market, and the performance of this vessel along with our other pipelay barges has reinforced this decision. The Midnight Rider also allows the Company to work in deeper waters and with larger diameter pipelines than was previously possible. Overall, Torch Offshore is very pleased with this acquisition and its performance." Torch Offshore, Inc. currently operates a fleet of nine vessels engaged in offshore pipeline installation and subsea construction for the oil and gas industry.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Latest ShipConstructor Update Targets Offshore

With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.

MODEC FPSO Achieves First off Brazil

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil,

AFBO to Provide Security in Arctic Waters

State of the Arctic Council to establish a new mechanism to strengthen operational cooperation and coordination of activities at sea. This is dictated by the

Cruise Ship Trends

Titanic's Last Luncheon Menu Heading to Auction

More than a century after first-class passengers aboard the ill-fated Titanic ate grilled mutton chops and custard pudding in an elaborate dining room, the ship's

Carnival Ramping Up in New Orleans

Carnival on track for record year from Port of New Orleans in 2015; expects to embark 3 millionth passenger post-Katrina next year   New Orleans’ number one cruise

New London Cruise Terminal Gets Green Signal

London Mayor Boris Johnson gave final approval to build a new cruise terminal on the Thames River at Greenwich.   The terminal, to be located at Enderby Wharf,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.3769 sec (3 req/sec)