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Russian-Norwegian Venture Awarded 3-D Contract Petroleum Geo-Services ASA announced that Exxon Neftegaz Limited awarded a major 3-D marine seismic contract to a Russian-Norwegian joint venture between Dalmorneftegeofizika Trust (DMNG) and PGS. The work, which reportedly has already begun, is being performed in the Sakhalin - 1 and Sakhalin - 3 areas, offshore Sakhalin, Russia. The 3-D acquisition will be execut- ed by the Russian high technology vessel Orient Explorer, owned and operated by DMNG. Large scale 3- D processing using IBM parallel supercomputers and PGS' propri- etary 3-D software will be under- taken onboard the seismic vessel. PGS owns the majority of the seis- mic equipment onboard the vessel. This contract reflects the DMNG-PGS commitment to the region, with a seismic vessel that has been upgraded to the highest industry standards. The award also represents a breakthrough for DMNG-PGS' efforts, which are focused on providing high-tech seismic solutions to a number of major field development projects currently underway in Sakhalin. PGS is dedicated to this region and intends to deploy whatever equip- ment the oil industry demands to Sometimes choosing the right mode of transportation... $ 1 (k ... is pretty important. So how s your company going to get onto the Web? By now there are plenty of options. Just about everyone has some scheme to put your company on the Internet's World Wide Web, and lots of hype to go with it. True, millions of people use the Internet. But how do you reach the ones in the maritime industry? To maximize the benefit of putting your company on the Web, doesn't it make sense to let the company you know has served the maritime industry for 50 years, do it for you — the company with an installed base of 30,000 readers, the largest in the world? When people in the maritime industry connect to the Web, where do you think they're going to go for them in for mat pa For more information, call (212) 477-6700 or surf to http://www.marinelink.com. E i i i IH il |N Circle 282 on Reader Service Card 44 assure the successful rapid devel- opment of the existing reserves. This contract award follows the announcement made by Exxon Corporation on June 10, that an agreement had been reached by the Sakhalin - 1 consortium and the Russian government to formally declare the Sakhalin Production Sharing Agreement effective and begin the evaluation work on the estimated $15 billion Sakhalin - 1 project. The Sakhalin - 1 consor- tium is proceeding rapidly by acquiring this 3-D dataset, with plans to drill at least one well dur- ing 1996. Global Marine Awards $6 Million Contract Houston, Texas-based Stewart & Stevenson Services, Inc., a man- ufacturer of diesel and gas turbine powered equipment, announced that its Petroleum Products Division was awarded a $6-million contract for the delivery of a marine riser system for deepwater drilling. This new generation marine riser system, which forms an extension of the well bore from the ocean floor to the drilling rig, was contracted by Global Marine Drilling Company. The riser sys- tem will reportedly be used on Global's Glomar Celtic Sea drilling rig, which will be operating in 5,000 ft. (1,524 m) of water in the Gulf of Mexico. Satcom Business Transferred To Hughes Technical Services The MAGNAPhone satellite communications business unit, acquired by Hughes Aircraft Co. with its 1995 purchase of Magnavox Electronic Systems Co. (MESC), is being transferred to Hughes Technical Services Co. (HTSC). The former Magnavox unit manufactures and markets marine and land-mobile satellite terminals for use with the global Inmarsat network, under the trademarked MAGNAPhone brand name. The MAGNAPhone business unit, formerly a part of Magnavox West Coast Division based in Torrance, Calif., is being split off from the rest of MESC and merged into HTSC, where there is a better organizational and technological fit for its Inmarsat maritime and land- based terminal product lines. The personnel, inventory and equip- ment of the MAGNAPhone unit will be shifted to the Hughes facili- ty in Long Beach by the end of the year. Until then, the group will continue to work out of the Magnavox facility in Torrance, which is about eight miles from HTSC Long Beach. Magnavox has been one of the leading suppliers of Inmarsat ter- minals for marine and land mar- kets, with an installed base of more than 5,000 units. Maritime Reporter/Engineering News
