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OFFSHORE MARKET REPORT grade three rigs and build/upgrade two drillships for deepwater use — and recently signed a contract with Astano for construction of the drill- ship Discoverer Enterprise. • Global Marine plans to con- vert/upgrade a flotel for rig use and upgrade one or two additional rigs for deepwater drilling. Global also plans to spend more than $150 million to convert Glomar Explorer to a deepwater drillship. • Falcon Drilling plans to convert a 542-ft., Ukrainian-built hull to a deepwater drillship capable of operating in water depths of 8,000 ft. • Odfjell plans to build a fifth gen- We are the Leading Supplier of Accommodation Ladder Systems HARLAND AND WOLFF NEWB. 1733 We have prepared several good solutions for one-man operated Accommodation Ladder Systems, from the smallest to the most advanced types. We also supply: -Davits for Lifeboats Liferaft Cranes & Davits -Pilot Hoists & Platform ELIN Fiskhamiugataii 4 S-414 58 Gate berg, Sweden Telephone: (46)31-4277 70 Telefta: (46)31-1273 04 Telex: 20678 WE UN'S Circle 388 on Reader Service Card Jered Brown Brothers, Inc. J: Meeting the Challenges of the Future Head On 'ered Brown Brothers Inc. a long respected quality supplier of Marine Equipment, continues this tradition utilizing the latest Autocad and Finite Element Analysis computer software. Jered's high quality low maintenance products have always been the standard expected of the industry. Future needs and customer requirements will be assured under our ISO 9001 certification. Let us support your future: • Marine Products (steering gear, elevators, deck machinery, VCHT) • Program Management • Procurement and Sourcing Services • Customer Support Group When performance is critical, Jered's steering system can be relied upon. Jered Brown Brothers Inc. 1608 Newcastle Street • P.O. Box 904 Brunswick, Georgia 31521-0904 • (912) 262-2000 • Fax (912) 262-2052 VISIT US AT SNAME • OCTOBER 2,3,4,1996 • BOOTH 509 JASON'S CRADLE Simply put, Saves Lives 1 I^HQjnr ^ri^E^iJEHRBi 1 vjip SMHES JASON'S CRADLE forms a par-buckle, giving the rescuer a 2:1 mechanical advantage. In most situations, once the casualty is placed in the non-collapsible loop, the recovery process takes 4-8 seconds JASON'S CRADLE is accepted worldwide USCG has approved JASON'S CRADLE as supplemental rescue equipment for Standard Boats. USCG has accepted JASON'S CRADLE as a possible alternative to the rescue boat requirement for "T-Boats" on a case by case basis and as a boarding ladder replacement for lifeboats and rescue boats on US ships. Military Sealift Command Safety Office has recommended JASON'S CRADLE for fleet use on lifeboats and rescue boats. Land and Marine Products, Inc. 77 Third Street, Newport, Rl 02840 TEL (401) 841-9800 eMail ResQCradle@aol.com 20 Circle 289 on Reader Service Card eration semisubmersible utilizing the steel pontoons of a rig begun in 1986. Total cost is expected to exceed $200 million. • Conoco is understood to be plan- ning to place an order for a deep- water drillship, possibly in joint venture with Reading & Bates. • Sedco Forex plans to upgrade two rigs for deepwater drilling. • Saipem will convert the flotel Scarabeo 7 (ex-Safe Supporter) to a deepwater drill rig — and is cur- rently shopping yards in the U.S. and Europe for performing the conversion. • Japan Drilling is studying the possibility of building two new semisubmersibles. • PMB/Bechtel has been given a contract by Nobel Drilling to study conversion of a three-column sub- mersible into a semisubmersible drill rig. The pick up in offshore activity has ended a long dry spell. There has been little activity in rig con- struction for quite some time. The Odfjell and Sonat orders for new units this year are likely just the beginning of a flow of contracts for new semisubmersibles and drill- ships. We expect increasing de- mand for new units — particular- ly as the inventory of suitable sec- ond generation rig conversion can- didates dries up. Demand for floating production systems Construction and conversion of floating production equipment will provide a substantial avail- able market over the next several years. To satisfy requirements for projected installations of floating production systems in the year 2000, capital expenditures exceed- ing $10 billion will be made for new floating production equip- ment over the next three to four years. Almost half of these expen- ditures will be for construction and conversion of FPSO vessels. Another large portion will be for production semisubmersibles and tension leg platforms. We expect that demand for float- ing production systems will con- tinue well into the next decade. However, there will be a shift in demand for various types of equip- ment — with increasing emphasis on TLPs and other production units able to produce large multi- well fields. We see demand for floating pro- duction systems increasing par- Circle 137 on Reader Service Card Maritime Reporter/Engineering News
