Maritime Reporter, November 2005

<BODY> <div> approximately 30,000 barrels of oil per day (b/d) and 30 million cu. ft. of gas per day (mmcf/d). The semisubmersible facility will have a production capacity of approximately 45,000 b/d and 45 mmcf/d. The topsides can be upgraded to a capacity of 60,000 b/d and 150 mmcf/d to accommodate production from satellite discoveries or third-party tiebacks. Aker Kvaerner, Inc. was awarded the semisubmersible hull and mooring sys- tem contract for the Blind Faith project, a contract valued at approximately $120 million. Aker Kvaerner's scope of work includes engineering, procurement, con- struction and transportation. This development will use Aker Kvaerner's Deep Draft Semisubmersible (DDS) concept which has been con- ceived specifically for the application of steel catenary risers in the ultra-deepwa- ter and current-heavy Gulf of Mexico environment. The DDS represents an evolution of the strong Aker Kvaerner semisubmersible lineage. The Blind Faith semisubmersible will be delivered using several Aker Kvaerner entities such as Aker Kvaerner, Inc., Aker Kvaerner Verdal, Aker Kvaerner Engineering & Technology and Aker Marine Contractors. Northrop Grumman Impact: $1 Billion Northrop Grumman Corporation reported that its facilities incurred sig- nificant damage and its operations have been impacted as a result of Hurricane's Katrina and Rita. The company's Ships segment includes its operations at Newport News, Va., and its Ship Systems shipyards on the Gulf Coast. Only the Gulf Coast shipyards were impacted by the hurricanes. Production work has resumed on the 11 ships under construction at its operations in New Orleans, La., Pascagoula, Miss. and Gulfport, Miss., and approximately 12,500 of its 19,800 employees are back to work at these shipyards. "Although we experienced significant damage and disruption from the hurricanes, our team has already made solid progress in restoring the yards and resuming pro- duction," said Ronald D. Sugar, chair- man, CEO and president. The company's Ship Systems facilities incurred significant damage from Hurricane Katrina, with lesser damage reported at several smaller operations in the area. Damage from Hurricane Rita was minor. A preliminary property damage assessment has been completed, and the company currently estimates that the cost to replace and repair its property, plant and equipment will be approximately $1 billion. The company currently estimates that the net book value of the damaged property, plus the cost of clean-up and recovery, is less than $500 million. In addition to work delays, the company will also incur additional costs under its current Ship Systems contracts due to hurricane relat- ed delay and disruption of work under those contracts. The cost growth is expected to reduce earned margin on these contracts. You’ve known us for quality rigging products since 1890. Our compre- hensive block, fairlead, sheave and alloy forging lines have met the chal- lenges of the most demanding appli- cations around the world. And in the process, we’ve proudly taken part in the shaping of American history; from salvage operations at Pearl Harbor and construction of the Grand Coulee Dam to San Francisco’s BART and the space shuttle. Whatever your applications, we’re committed to serving you with the finest in standard and custom engineered products. For further information contact your nearest dealer or call us at: 503/651-3175 Skookum PO Box 280, Hubbard, OR 97032 FAX 503/651-3409 Now more than ever, Skookum signifies value in today’s cost-conscious world. Blocks & Rigging AN ULVEN COMPANY 1-800-547-8211 • www.skookumco.com SINCE 1890 Smith Berger Marine, Inc. builds a full range of Shark Jaws for Anchor Handling Tug Supply vessels. Standard ratings are 100, 200, 350, 500 and 750 metric tons and all units have Quick Release at the rated load. Smith Berger flexibility allows us to customize our equipment to suit the operating characteristics of your vessel. Third party certification, load tests, release tests and load monitoring systems are available options. Rely on the 100 year history of Smith Berger to outfit your vessel with our rugged and dependable equipment. SMITH BERGER MARINE, INC. OFFERS A COMPLETE LINE OF SHARK JAWS • TOWING PINS • STERN ROLLERS Smith Berger Marine, Inc. 7915 10th Ave., S., Seattle, WA 98108 USA Tel. 206.764.4650 • Toll Free 888.726.1688 • Fax 206.764.4653 E-mail: sales@smithberger.com • Web: www.smithberger.com SAFE - RELIABLE - ECONOMICAL Circle 280 on Reader Service Card Circle 294 on Reader Service Card Circle 293 on Reader Service Card Circle 227 on Reader Service Card Gulf of Mexico Resources Guidebook MARITIME REPORTER AND ENGINEERINGNEWS 64 Gulf Coast Resources Guide Maritime Reporter & Engineering News MR NOVEMBER 2005 #8 (57-64).qxd 10/28/2005 9:56 AM Page 64 </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>