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Santa Fe Drilling's Seven Offshore Rigs To Cost $350 Million The contract oil and gas well drilling industry is enjoying an unprecedented boom, both on land and offshore, around the world. New construction of drilling units is announced almost daily. The ability of drilling contractors to order offshore drilling units is often limited by the availability of construction slots in shipyards that build rigs. The reasons for the boom in drilling appear to be twofold. First, of course, is the higher price of crude oil on a worldwide basis. But this does not fully ex- plain the story. The second reason is a compelling political drive by the producing countries—and the third world nations — to define their ultimate reserves regard- less of the near-term market for their oil. As this assessment may take 10 years or more, the drilling con- tractors have been quite aggres- sive in ordering new rig construc- tion. Some companies are building Whatever the size, FMC built barges can meet your demands. When it comes to quality built marine equipment that's tough enough to meet your rugged haul- ing needs, you have a right to demand the best. In barges, our capabilities extend from the world's largest RoRo barge to effi- cient deck models. And we build them better. 650 foot side launch-ways and 200 ton crane, plus a staff of experts who custom build with pride have made us a leader in quality steel fabrication for over six decades. We tackle jobs beyond the reach of other steel fabricators because we're better equipped. And that's just part of your insurance of getting a better product. For your next job, whatever the size, look to FMC. Demand the best. After all, we demand it of our- selves. Call or write Vice President of Sales, FMC Corporation, Marine and Rail Equipment Division, 4700 N.W. Front Avenue, Portland, Oregon 97208. Telephone (503) 228-9281; Telex 36 0672; Telecopy (503) 223-5036. Santa Fe Drilling Company's new three-leg jackup, Rig 124, arrived in Indonesian waters from Japan recently and went to work for Arco-lndonesia. The $26-million unit, pictured here undergoing tests in the Inland Sea of Japan, was built by Mitsui Ocean Development & Engineering Co. (Modec) at the Kanrei shipyard, Takushima, Japan. -FMC "WAT'Sm/vm m^SOUTYOU'/lC going mMmssm you$of?'j 40 Write 352B on Reader Service Card Maritime Reporter/Engineering News
