View non-flash version
ZAPEX Groups Drilling Two Wildcat Wells Offshore U.K./Ghana Zapata Exploration Company (ZAPEX) announced that it has begun drilling operations on two offshore exploratory wells. An ex- ploratory test will be drilled off- shore Ghana, and a well will be spudded on prospective gas acreage in the southern United Kingdom North Sea. The Ghana well is the first of two wells ZAPEX must drill there under a farm-out agreement to gain a working interest in four blocks covering approximately 1.3 million gross acres. It will be drilled on Block 4, located about 20 miles off- shore Ghana in the South Atlantic Ocean. ZAPEX is operator and has 25 percent interest in a seven-company exploration group which has li- censes including Block 43/11 in the U.K. North Sea. The group has contracted for Zapata Off-Shore Company's jackup rig Chapparal to drill one well there. The block covers approximately 59,900 gross acres, and is located approximately 100 miles southeast of Newcastle and 120 miles north of Bacton, England. Formed in 1972, Zapata Explora- tion Company has offices in Hous- ton, Texas, and London, England, and conducts offshore petroleum exploration around the world. Its current active interests cover 6.9 million gross acres in waters of six countries. ZAPEX is a publicly held subsidiary of Zapata Corpora- tion. Babcock & Wilcox Elects Louis Favret Corporate Vice Pres. Louis M. Favret Louis M. Favret has been elected a corporate vice president of The Babcock & Wilcox Company. Mr. Favret, who has been vice president, Nuclear Divisions since October 16, 1973, has direct respon- sibility for the company's Nuclear Power Generation Division and Nu- clear Equipment Division. He re- ports to Walter M. Vannoy, group vice president, Power Generation Group. Mr. Favret joined B&W in 1951 in the Power Engineering Group. Before October 16, he was a divi- sion vice president and general manager of the Nuclear Equipment Division. Mr. Favret earned B.S. and M.S. degrees in mechanical engineering at Ohio State University, and is a member of the school's visiting committee. He is also a member of the Atomic Industrial Forum. Dravo Corp. Elects Slease And Mertz To Counsel Posts Dravo Corporation, Pittsburgh- based engineering, construction and manufacturing company, has an- nounced the election of Clyde H. Slease as general counsel and Rob- ert E. Mertz as corporate secretary and associate general counsel. The action follows the retire- ment on November 1 of John S. Mason, secretary and general coun- sel, after 35 years of service. Mr. Slease, who joined Dravo in 1948, served most recently as coun- sel and assistant to the president. He will continue in the latter posi- tion. Mr. Slease holds a B.S. degree from Haverford College and a J.D. degree from the University of Pitts- burgh. He is a member of the Al- legheny County and Pennsylvania bar associations and Phi Delta Phi legal fraternity. Mr. Mertz has been on Dravo's legal staff as counsel since 1969. He holds an A.B. degree from Le- high University, a J.D. degree from Harvard University, and is a mem- ber of the Allegheny County, Pennsylvania, and American bar associations. LNG SHIP TANKS We Are Past The Talking Stage H'iiii SI •*viii«r||jiiij I( •jinii|! \ \ Sjf^ — Liquefied Natural Gas Ship Tank Fabricating Fa- cility Presently Under Construction in South Carolina for World Southern Corporation, a Sub- sidiary of PDM. Shown in artist's sketch—Insulated LNG Ship Spheres for General Dynamics, Quincy Shipbuild- ing Division Contract. For Answers-to your LNG Ship Tank Problems: Contact Pittsburgh-Des Moines Steel Company, Pittsburgh, Pa. 15225. PDM builds for the future Pittsburgh-Des Moines Steel Company 14 Maritime Reporter/Engineering News
