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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (21601)5/6/1998 9:52:00 PM
From: 007  Read Replies (2) of 95453
 
Canis Maximus, the work TCMS is doing for RIG is not insignificant for a company of its size. In fact, I'm looking at a picture of it now and it's quite a big piece of metal to my inexperienced eyes. <ggg> Precisely, it's a 3,500 ton Mud Pump Module (please explain that one) for the new drillship Discoverer Enterprise. (RIG will soon be commissioning two more of those drillships.)

As for their Red Fox shipyards, the New Iberia facility is the original one. In January, they added a 29 acre yard in New Orleans. In February, they added an 18 acre yard also in New Orleans.

''Together, these facilities enable Red Fox to take on virtually any type of fabrication project for any water depth,'' said Beldon Fox, president of the Red Fox Companies of New Iberia. biz.yahoo.com

However, the plan is to use these two new yards to focus on semi and jackup refurbs. Workforce and other preparations are being ramped up and these yards should be fully operational in June.

Overall, TCMS increased their workforce by approximately 50% over the last four months (presently at 1,000).
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