board of directors has authorized a
significant expansion of the compa-
ny's Remotely Operated Vehicle
(ROV) fleet. Seven new Hydra
Magnum and Quantum work-class
vehicles will be manufactured at
Oceaneering's Morgan City, La.,
facility for delivery between
January and July. The units are
being built to meet increased mar-
ket demand for ROVs around the
world, specifically for use in water
depths greater than 1,000 ft.
(304.8 m) of seawater (FSW) and in
severe weather conditions, such as
those encountered west of
Shetlands and in the North Sea.
Hydra ROVs are high-thrust,
high-payload, cage-deployed vehi-
cles designed to accommodate a
variety of sensor and work pack-
ages for performing a wide range of
underwater intervention tasks
that support oil and gas drilling,
and construction and production
activities. The new vehicles are
75- and 100-hp units capable of
operating in 6,000 FSW or more,
and are being manufactured using
the latest technology in advanced
control systems for high perfor-
mance, optimum adaptability and
maximum reliability.
Jay Collins, executive vice pres-
ident of Oilfield Marine Services,
stated, "The expansion of our fleet
underscores the company's com-
mitment to maintain a worldwide
leadership position in providing
deepwater work-class ROVs to the
oil and gas industry. Last year we
provided ROV services on 33 per-
cent of the wells drilled in 1,000
FSW or more, and we supported 45
percent of the wells drilled in 3,000
FSW or more. Developing oil and
gas fields in deepwater and harsh
environments places greater de-
mands on ROVs for carrying out
intricate underwater intervention
tasks with a high degree of relia-
bility. Hydra vehicles are specifi-
cally designed to perform this
work."
For more information on Oceaneering
Circle 98 on Reader Service Card
XTRA International Opens
Milan Office
XTRA International, the marine
container leasing division of XTRA
Corporation headquartered in San
Francisco, Calif., has opened a full-
service office in Milan, Italy. The
new office services Italy, Croatia,
Slovenia (formerly part of Yugo-
slavia), Greece, Turkey, Lebanon
and Malta, and marks the opening
of XTRA's 13th branch location.
The new Milan office is headed
by Area Director Maurizio Gru-
melli, who has worked as XTRA's
agent in Italy since 1989. Mr.
Grumelli has more than 25 years
of field experience in container
leasing and insurance brokerage,
specializing in the shipping indus-
try.
XTRA International was created
in mid-1995 when XTRA Corpora-
tion acquired the assets of Matson
Leasing. XTRA International cur-
rently operates offices in Asia,
Europe, Australia and North and
South America.
For more information on
XTRA International
Circle 99 on Reader Service Card
Tidewater Adds New
Barges Onto Upgrades List
Continuing a $30 million equip-
ment expansion program intro-
duced last summer, Tidewater
recently announced that it would
add one grain barge and one dou-
ble-hulled liquid barge to its fleet,
as well as spend $4 million for a
terminal modernization program
at its East Pasco, Wash., petroleum
terminal.
The two additional barges, each
the fourth in a series of new acqui-
sitions of their type, will be built at
Zidell Marine of Portland, Ore.
Three grain barges are being built
by Sundial Marine in Troutdale,
Ore.
"The grain barges will increase
Tidewater's capacity to move over
500,000 more tons per year, while
the four new liquid vessels will be
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