Tidelands Limited IV Asks Title XI On Jackup Rig To Cost $33 Million
Page 481 words
Finance/Title XI
Tidelands Limited IV of Houston has applied to MarAd for a Title XI guarantee to help finance a non-self-propelled jackup drilling rig for the Gulf of Mexico, to be built at Bethlehem Steel's Sparrows Point yard.
Tidelands Limited IV, Houston, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of a nonself-propelled jackup drilling rig to be operated in the Gulf of Mexico.
Bethlehem Steel Corp.'s Sparrows Point, Md., yard has been proposed to build the rig, with delivery scheduled for May 1982. The requested guarantee is for $24,500,000, or approximately 75 percent of the $33,130,000 estimated cost of the rig.
Mentioned in this article
Company
Tidelands Limited IVapplicant, Houston
Bethlehem Steel Corp.proposed builder, Sparrows Point, Md.
Organization
Maritime AdministrationTitle XI guarantor
GeoLocation
Gulf of Mexicointended operating area
Transcribed from the April 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.