380-Foot Drillship To Be Auctioned In Singapore

The drillship Petromar North Sea, will be auctioned on November 1, in Singapore Harbor, it was announced by Max Rouse & Sons, Inc., Los Angeles auctioneers handling the sale.

Owned by Petromarine Drilling Co., the 380-foot vessel was built by Bethlehem Steel and converted to a drillship by Todd Shipyards.

It underwent a $10-million refurbishing and overhaul in 1981.

Replacement value of the Petromar North Sea is estimated at between $55-million and $65-million.

The ship has air conditioned quarters for 100 men, a hospital ward, and it carries enclosed capsule-type life boats. It is fully outfitted, and has a large inventory of supplementary equipment valued in excess of $1 million.

Drilling machinery includes National 1625 drawworks and 12P160 mud pumps. The rig is equipped with heave compensator and riser tensioners. The electrical system produces 420 kw with 4 CAT 399 generators.

The mailing address of Rouse & Sons, Inc. is Box 5250, Beverly Hills, Calif. 90210. Phone: (213) 655-9300. Representative in Singapore is Richard Schindele, who may be reached at 251-8183.

Maritime Reporter Magazine, page 54,  Oct 1983

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.