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Sqnta Fe To Spend $60 Million For Worldwide Drilling And Construction Equipment Edfred L. Shannon Jr., president, Santa Fe International Corp., Orange, Calif., has an- nounced that the company expects to file a registration statement with the Securities Ex- change Commission covering the issuance of approximately $20 million worth of common stock. Mr. Shannon said these funds and some ad- ditional straight debt financing will be used for continued expansion of the company's world- wide drilling and construction business. Mr. Shannon said Santa Fe is currently com- mitted to spending more than $60 million for new drilling and construction equipment, the highest level of capital expenditures in the company's history. Ameron Corrosion Control Division Announces Formation Of Amercoat do Brasil Lucien L. Miner, vice president, internation- al operations, Ameron Corrosion Control Divi- sion, has announced the formation of Amer- coat do Brasil Industria e Comercio Ltda. with offices and manufacturing facilities at Rua Au- rora, 983, 6° Andar, Conj. 65/66, Sao Paulo, S.P., Brazil. A wholly owned affiliate of Ameron, Inc., the company will manufacture a full line of protective coating systems and cements for Brazilian and other South American markets. Familiar trade names include Amercoat®, Dimetcote®, and Nukem®—all of which have been marketed for many years by Ameron and its affiliated companies in Mexico, the Nether- lands, Japan and Canada, and a worldwide dis- tributor organization. In addition, Amercoat do Brasil will handle the importation and dis- tribution of Bondstrand® fiberglass reinforced pipe; T-Lock® and Nob-Lock® polyvinyl plas- tic sheetings for the protection of concrete sewer pipe and underground concrete struc- tures. General manager of Amercoat do Brasil is John Richardson, formerly vice president of Amercoat Japan, Ltd. Single Anchor Leg Mooring Licensed To Swiss Firm By Esso Research & Engineering Licensing of the Single Anchor Leg Moor- ing (SALM) to Single Buoy Moorings, Inc., has been announced by Esso Research and En- gineering Company's Patents, Licenses and Technology Sales Division, Linden, N.J. Single Buoy Moorings (SBM), Inc. will utilize Esso-developed technology and patents for the design, construction, and installation of single anchor leg moorings throughout the world to load and unload tankers. SBM, Inc., a division of IHC Holland, is a major designer and contractor of mooring systems with head- quarters in Fribourg, Switzerland. The first SALM was installed in 1969 by Esso Standard Libya, Inc. at Brega, Libya, to load tankers up to 300,000 deadweight tons in water 140 feet deep. A second SALM was in- stalled at ;Nansei Sekiyu K.K.'s Okinawa Re- finery in 1971 to unload tankers up to 250,000 deadweight tons. The two installations have demonstrated that the single anchor leg moor- ing is a safe, economical, and practical system to moor and load or unload oil tankers at off- shore locations. Extensive design, model testing, and analysis over the past five years by Esso Research and Engineering Company resulted in the develop- ment of the SALM system. Preliminary de- signs simulating tankers up to 500,000 dead- weight tons in 20-foot-high seas were model tested. Research and development was con- January 1, 1973 ducted by the company's Marine Engineering Section, Florham Park, N.J., and by the affili- ated Esso Standard Libya, Inc. The SALM basically consists of a surface mooring buoy attached by a single anchor leg to a heavy base resting on the sea bottom. The anchor leg is attached to the base and 'buoy by universal joints and consists of anchor chain and an underwater swivel assembly which permits 360-degree rotation of the buoy and moored tanker. Crude oil is transported to the base of the mooring in a submerged pipeline. It is piped through the base to a fluid swivel system sur- rounding a heavy shaft which carries the moor- ing load. The fluid swivel system is located be- low the tanker's keel and out of the active wave zone where chances of damage are mini- mized. Hoses attached to the fluid swivel sys- tem rise to the surface and extend to the tank- er side where they are lifted and connected to piping onboard the tanker. Safety is one of the principal advantages of the SALM system. The possibility of serious damage to either the buoy or the tanker as a result of a collision is minimized since the SALM is small and ruggedly built and its car- go and anchor swivels are submerged below the tanker's keel. Tankers can maneuver close to the SALM and drop anchor without fear of fouling the mooring because the SALM's single anchor chain is located directly beneath the mooring buoy. The SALM is also economi- cal in deep water because of its relatively short single anchor leg. For more information a.bout Esso Research and Engineering Company's SALM system, write Esso Research and Engineering Com- pany, Patents, Licenses and Technology Sales Division, P.O. Box 55, Linden, N.J. 07036. GILLEN BACKS EVERY JOB ...with over 100 years of the best in service WEST END AVENUE, OYSTER BAY, NEW YORK, N.Y. 11771 • 212-895-8110 23
