OSV HOS Iron Horse Launched
In April 2007, IHC Merwede Offshore & Marine was granted the order to design and build the new Multi Purpose Offshore Support Vessel for Hornbeck Offshore Services. The vessel's keel was laid on July 23, 2008 and will bear the name HOS Iron Horse. The naming of the vessel will take place upon delivery in the third quarter of 2009. Hornbeck Offshore Services intends to use the vessel in first instance in the shallow waters of the Mexican Gulf. With her deepwater cranes, deck cranes and moonpool the vessel can be used in a wide range of offshore construction activities. The vessel can also easily be adapted to a charterer's specific wishes and requirements. The moonpool facilitates subsea operations
which can be supported by two work class ROVs which are housed in a hangar. The vessel is equipped with a 400-metric ton heave compensated mast crane capable of working at a 9842.5 ft of water depth and a 120-metric tons heave compensated offshore knuckle boom crane.
HOS Iron Horse Main Particulars Length, o.a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .432 ft Length, b.p. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .366.5 ft Breadth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72 ft Depth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31 ft Speed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 knots DWT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9,440 DP Class . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Design draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20.5 ft Scantling draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 ft
GOM Lease Sale: $933.6m
Secretary of the Interior Ken Salazar said that the Central Gulf of Mexico Oil and Gas Lease Sale 208, held in mid-March in New Orleans, attracted $703,048,523 in high bids. The sale was conducted by Interior's Minerals Management Service (MMS) and had 70 companies submitting 476 bids on 348 tracts comprising over 1.9 million acres offshore Louisiana, Mississippi and Alabama. The sum of all bids received totaled $933,649,315. The highest bid received on a tract was $65,611,235 submitted by Shell Gulf of Mexico for Mississippi Canyon, Block 721.
http://www.gomr.mms.gov/homepg/lsesale/208 /cgom208.html
last decade, we have executed a number of key strategic transactions that increased our scale and operational capabilities, and have invested $73b in organic growth. These steps created a company with more than 50 billion equivalent barrels of resources and 3 million barrels per day of refining capacity." ConocoPhillips will fund a capital program of $12.5b in 2009.
J. Ray McDermott Wins Karan Project in Saudi Arabia
J. Ray McDermott was awarded the Karan Offshore Platforms and Subsea Pipelines project by Saudi Aramco. The project involves work in Saudi Arabia itself and outside the Kingdom. Once completed, the facility will have a production capacity of 1,800 MMSCFD of raw sour Khuff gas. J. Ray McDermott, S.A. won a contract for additional work under the Long-Term Agreement (LTA) with Saudi Aramco. This latest project, which is expected to continue through 2010, consists of the procurement, fabrication and installation of three decks, jackets, associated pipelines, and the installation of three new shallow water crude oil pipelines, totaling 15 km in length, in the South Safaniya oil field, offshore Saudi Arabia.
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ConocoPhillips Sticks to Long-Term Plan
At its annual analyst meeting in New York, ConocoPhillips's outlined its strategic objectives and operating plans for 2009, explaining that the company will maximize the value of its asset portfolio in a challenging economic and political environment. "While we have adjusted to the near-term environment, we have not altered our long-term view," said Jim Mulva, CEO. "Over the
April 2009