Oceaneering Intl News

Oceaneering Intl. has been granted a letter of intent from Angola Drilling Company (ADC) to charter the FPSO Ocean Producer for a period of seven years to produce the Canuku Area of Block 3 offshore Angola. ADC has a letter of intent from Sonangol Pesquisa and Producao to develop and produce the Canuku Area. Under contract with Sonangol Pesquisa and Producao, Ocean Producer generated more than 12 million barrels of oil from the Kiabo Field in Block 4 over a period of seven years. The contract is expected to be completed in April, at which time Oceaneering will then move Ocean Producer to a shipyard for modification, life extension and repair as required for the new location. Production from Canuku is scheduled to commence early in the third quarter of 2001.

Master Boat Builders delivered Ocean Quest (ex-Gulf Quest), a 145-ft. converted Dive Vessel for Oceaneering Intl. Conversion work consisted of the addition of a 270 kW Cat 3406 gen set for auxiliary power, a Gardner Denver oil compressor, three Quincy low pressure dive compressors, one high pressure dive compressor (filling bottles), on hydraulic power unit for tools, one hydraulic unit for a crane, and one Red Fox sewage unit. On deck, Master added a Techcrane C20-30 crane. In addition, the yard added two decompression chambers, a head/shower, walk-in freezer, two washers, two dryers and a five-ton AC unit.