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units will be used with four MTU diesels in a combined diesel and gas turbine (CODAG) configura- tion for each vessel. When the first monohull high speed ferry begins commercial operation in the spring of next year, it will reportedly be more than comparable in terms of size and speed to the Stena HSS 15^0 class ferries. "This order demonstrate§\Jthat "PGS' clear goal revolves around finding innovative ways to reduce the cost of finding and producing hydrocarbons for th&^petroleum industry," commented PGS CEO Reidar Michaelsen. With an overall length of 939^fr: (120 m) and £ width of 177.1 ft. (54 m), the snip will initially be equipped to produce 60,000 bpd. The introduction of this vessel into PGS' fleet will allow the company to deploy its full complement of technology to provide Conoco with the most sophisticated seismic informatioff available. PGS reportedly expe>tiM«utajAJsl tional FPSOs over the next several years, utilizing technology to help oil companies maximize produc- tion. PGS has subcontracted with North Sea FPSO operator Atlantic Power for this project. PGS CFO J. Chris Boswell stated, "While the oilfield service industry has yet to find the perfect FPSO j Wf»| lyjtfy^ tbat the indus- cient, low-cost alternative to pro- duce deepwater and marginal fields. Our Ramform production ship has a significant cost advan- tage over competing vessel designs Tirrenia is very LM2500 perf< standi Ro< ferri using G. bine sat da uast diwith tT andp* St its class fast committed to oderivative gas tur- take their fast ferries to the next size and speed plateau," said GE's John Ferrera. For more information on GE Circle 96 on Reader Service Card Conoco Awards FPSO Contract Petroleum Geo-Sei)vices ASA (PGS) announced that Conoco awarded it a major contract to con- struct and operate a Ramform design FPSO in connection with the development of the Banff field in the U.K. sector of the North Sea. The company expects the contract to generate approximately $350 million of revenue dVer the first seven years of operations. The vessel hull will hi constructed in Korea by Hyund/i Mipo Dockyard Ltd., and the totfsides will be fabri- cated and installed in the UK. The full system is ffxpected to be deliv- ered and reapy for operation in June 1998. April, 1997 \ Circle 353 on Reader Service Card Atlas Marine Completes Galley Renovation From Miami, Atlas Marine Services, Inc. President Jack Zollinger has reported that his company completed a rrall°" vation project on International's vimng aerenqae during the jfchlp s ^rydocking at cuk^j Work gutting the and designing and fabricating custom refrigera- tors and other industrial units. The company will begin work remodeling a portion of M/S Crown Princess this month. For more information on Atlas Marine Services, Inc. Circle 97 on Reader Service Card
