Conoco’s owned Seahorse Shuttling and Technology, has formalized an alliance with the Alabama Shipyard of Mobile, Alabama (USA) and Samsung Heavy Industries (Korea) to develop a design and construction plan that could have American-built shuttle tankers ready for service in 2004. Seahorse was formed by Conoco to provide crude oil storage and tanker shuttling services for new oil discoveries made by Conoco and other companies in the deepwater Gulf of Mexico.
“Our previous successes with Samsung building the first generation of double-hulled tankers and our pacesetting ultra deepwater drillships are evidence of the companies’ technological innovation,” said Rick Oshlo, vice president and general manager of Conoco Supply and Trading. “We are pleased to add Alabama Shipbuilding to this long-standing relationship,” Oshlo added. This double-hulled, dynamically positioned vessel will have a capacity of more than 550,000 barrels of crude oil, and will still comply with the 40-foot draft restrictions of most Gulf of Mexico ports.
”This alliance brings together three key ingredients: Conoco’s experience as a shuttle tanker operator, the eagerness of the Alabama Shipyard to build this new class of tanker and the world-class ship design capability of Samsung Heavy Industries,” said Bob Lindsay, president of Seahorse. “We believe this unique alliance of international companies can economically construct American-built shuttle tankers that exceed current safety and environmental regulations.