Marathon Manufacturing Company's Republic of Singapore subsidiary, Marathon LeTourneau Offshore Pte. Ltd., has begun construction on a large drilling tender support vessel for Petrodril Company, Inc., a Republic of Panama corporation.
The 320-foot by 70-foot by 34-foot 6-inch drilling tender, largest such vessel ever built at the Marathon facility, is scheduled for delivery in August 1982. It is contracted to Brunei Shell Petroleum to support that company's platform drilling program.
Financing for the vessel was arranged under the ECICS, Export Credit Insurance Corporation of Singapore, fixed rate export financing (FREF) scheme and is the first for a vessel of this type. The keel-laying was attended by representatives of Private Investment Company for Asia (PICA), Manufacturers Hanover Trust Company, and Brunei Shell Petroleum, as well as representatives of Petrodril and Marathon.