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Marine Drilling Signs Three-Year Contract Marine Drilling has signed a three-year contract with Esso Exploration Inc., an affiliate of Exxon Corp., which will generate day rate revenues of about $207 million during its primary term for the Marine 700 drilling rig. Marine Drilling is scheduled to begin operations in the first quar- ter of 1999. Final construction of the Marine 700, a deepwater semi- submersible drilling rig, will be at HAM Shipyard in Pascagoula, Miss. The unit will be initially equipped to work in water depths up to 5,000 ft., readily upgradeable to 7,500 ft. Marine 700 will be available to Exxon affiliates for work worldwide, outside the North Sea. Rowan Signs Charter Agreement With Sea Mar Rowan Companies Inc. signed Si ®OLO ^ 23731 Madison Street Torrance, CA 90505 900 8 1/2" Sterling Silver $45 10kt Gold $235 I4kt Gold $295 18kt Gold $355 1000 8 1/2" Sterling Silver $60 10kt Gold $350 14kt Gold $490 18kt Gold $595 1100 8 1/2" Sterling Silver $195 10 kt Gold $899 14kt Gold $1225 18kt Gold $1475 2100 8 1/2" Sterling Silver $215 10kt Gold $1205 14kt Gold $1685 I8kt Gold $2195 Each Chain is Handmade Link by Link. Any Length Size Available. All Anchor Chains Available in Lobster, Shackle & Pin, Hidden or Brummel Clasps. 3100 8 1/2" Sterling Silver $271 10kt Gold $1728 14kt Gold $2448 18kt Gold $2975 4100 8 1/2" Sterling Silver $356 10kt Gold $2641 I4kt Gold $3697 18kt Gold $4435 3100HC 8 1/2" Sterling Silver $285 10 kt Gold $1820 14kt Gold $2560 18kt Gold $3325 lid H^mad&Anchofl$hain Bracelets an 9 fl V f V eckl^ie; f 1 I a .0 ff v > For a Free Catalogue or to Place an Order, Please Call Tel: 1-800-368-5595 Fax: 310-791-5102 Circle 306 on Reader Service Card term charter agreements with Sea Mar Management Inc. and Edison Chouest Offshore for the exclusive use of five offshore supply vessels. The charters range from one to five years starting in the first quarter of this year, and new ves- sel deliveries scheduled between the second quarter of 1998 and the first quarter of 1999. Venezuelan Frigates Come To Ingalls For $315M Modernization Project Two Italian built 2,500-ton LUPO class frigates of the Venezuelan Armada have been sent to Ingalls Shipbuilding, a division of Litton Industries, for a $315 million modernization project. Mariscal Sucre (F-21) and Almirante Brion (F-22) — both designed for anti-air, anti- surface and anti-submarine warfare missions in 1980 and 1982 — left Caracas in convoy with the T-62 transport ship Arv Esequibo. The T-62 accompa- nied the frigates in order to return their crews of nearly 300 back to Caracas after turning the vessels over to Ingalls Shipbuilding in Pascagoula, Miss. The scheduled work will include repairs to the ship's hulls, replacement of their diesel engines, upgrading gas turbine engines, replacement of the ship's electrical generating propulsion plants and machin- ery control systems, as well as upgrades of shipboard command and control systems in the ships' Combat Information Centers (CIC). In addition, all weapons' systems will be overhauled. Circle 30 on Reader Service Card 20 Maritime Reporter/Engineering News
