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70130, Tel: (504) 528-9668; Pasadena, TX 77502, Tel: (713)
472-1324
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NATIONWIDE DISTRIBUTION
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MarAd Approves Title XI
Application For Guarantee
Of Offshore Drilling Rig
The Maritime Administration
has approved in principle an ap-
plication bv Keyes Offshore, Ltd.
V, Houston, Texas, for a Title XI
guarantee to aid in financing a
drilling rig.
The 180-foot by 175-foot ves-
sel is being built by Litton Sys-
tems' Ingalls Shipbuilding Divi-
sion, Pascagoula, Miss. The rig
was designed for use in both ex-
ploratory and workover drilling
situations, and is expected to op-
erate in the Gulf of Mexico. The
approved guarantee is for $26,-
490,000, or slightly less than 75
percent of the rig's $35,320,554
estimated actual cost.
Engineering Firm To
Develop Port Plan
For St. Petersburg
Post, Buckley, Schuh & Jernig-
an, Inc., consulting engineers and
planners of St. Petersburg, Fla.,
have been selected by city officials
to develop a cruise port plan for
the Port of St. Petersburg.
Post, Buckley will survey ex-
isting facilities and identify what
future facilities will be required
for the development of a cruise
port. The city hopes to have a
cruise ship operating out of the
port by 1982 as part of the down-
town waterfront development
plan.
Following the initial planning,
PBS&J will analyze marketing
opportunities for the Yucatan Pe-
ninsula, specifically Cancun and
Cozumel, stressing the conven-
ience of the St. Petersburg lo-
cation.
$71-Million Navy Nuclear
Contract Modification
Awarded To G.E.
General Electric Company,
Knolls Atomic Power Laboratory,
Schenectady, N.Y., has been
awarded a $71,815,000 modifica-
tion to a previously awarded cost
plus fixed fee contract for naval
nuclear propulsion components.
This modification increases the
value of the basic contract by
$71,815,000; the new total value
of the entire contract is $711,-
659,846. Work will be performed
at various locations. The Naval
Sea Systems Command is the con-
tracting activity. (N00024-73-C-
5234)
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in Buyers Directory section of all 24 issues for one
entire year.
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REPORTER
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REPORTER
AND
ENGINEERING NEWS
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ESTABLISHED 1939
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No. 77 Volume 43
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