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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)
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To: hdr who wrote (971)10/19/1998 10:19:00 PM
From: stockid  Read Replies (1) of 2282
 
Keel laid for first Global Marine drillship
October 12, 1998

Harland and Wolff laid the keel for Global Marine Drilling's first
drillship on order at the company's yard in Belfast, Northern
Ireland. The initial two blocks, totaling some 587 tons, were
lowered into the yard's building dock by the 840-ton capacity
Goliath crane. Both of the keel blocks will be
located within the parallel midbody of the vessel. The drillship,
scheduled for delivery in October 1999, is a monohull deep water
drillship of the Glomar 456 design. It will be named Glomar CR
Luigs, in honor of the Global Marine's chairman of the board. Yard
officials said the vessel will undergo rapid build-up in the building
dock in the coming months and the commencement of installation of
major equipment supplied by the owner.
The drillship initially will be chartered to BHP Petroleum following
delivery. The drillship can be outfitted as an extended well test
vessel, capable of operating in up to 12,000 feet water depth. This
drillship has been specifically designed to drill, complete and deploy
subsea production systems in the most efficient manner possible.
The vessel has a design
capability for crude storage of 130,000 barrels and a maximum
drilling depth of 35,000 feet. In addition, steel cutting and
preparation has already commenced on Global Marine's second
drillship, which will be named the Glomar Irish Sea. Delivery of the
second vessel is scheduled for the first quarter 2000. Exxon
Exploration will initially charter this vessel. Each of
these drillships will cost in excess of $300 million.

SK
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