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Strategic Marine Contract, Leighton-Saipem Consortium Vessels

Maritime Activity Reports, Inc.

February 8, 2011

Strategic Marine won the contract to build four new workboats for Leighton-Saipem Consortium for use by the Chevron operated Gorgon Project.

The vessels will be built at the company's Henderson Shipyards and used to transport workers to and from construction barges operating at Barrow Island as part of the LNG jetty and marine structure contract for the Gorgon Project.

Strategic Marine Chief Marketing Officer Terry O’Connor said these vessels would be the first delivered under the new contract with Leighton-Saipem Consortium.

The new workboats will each carry 12 passengers and will be delivered this year. The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47 percent), ExxonMobil (25 percent) and Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).

Strategic Marine is currently contracted for more than 250 vessels at its yards in Australia, Vietnam, Mexico and Singapore.
 

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