Polar Tankers to build fourth millennium class ship


Polar Tankers Inc., the Long Beach, Calif.-based shipping unit for Phillips Petroleum Co. subsidiary Phillips Alaska Inc., plans to build a fourth millennium-class tanker to carry crude oil from Alaska to the US West Coast and Hawaii. The fourth ship contract is valued at $197 million.

The millennium-class tankers are the first new crude oil carriers built specifically for the Alaskan trade in compliance with the Oil Pollution Act of 1990. The tankers meet or exceed existing and proposed environmental regulations. The first of the four Millennium Class tankers, the Polar Endeavor, will enter the Alaska trade in early 2001.

The decision to build a fourth such tanker for the Alaska trade reflects Phillips' plan to increase its Alaska production from a current level of 350,000 boe/d to 375,000 to 400,000 boe/d, said Kevin Meyers, president of Phillips Alaska Inc. �The start-up of the Alpine field later this year will increase Phillips� net production by 50,000 b/d of oil. And with our plans to drill 12-15 exploration wells this winter, Phillips is clearly excited about Alaska�s future.�

The 125,000 dwt crude oil tankers feature double hulls, twin engine rooms, twin propellers, twin rudders, and a sophisticated navigation and control system. New Orleans-based Litton/Avondale Industries Inc. will build the tankers.

The new ship, yet to be named, will enter service in early 2004. Her sister ships, the Polar Resolution and the Polar Discovery, will be delivered during the first quarters of 2002 and 2003.

Polar Tankers' fleet consists of five vessels ranging in size from 50,000 to 265,000 dwt. All of the ships are employed in the Alaska crude trade.

Related Articles

Linn exits Anadarko basin in deal worth $1.95 billion

12/12/2014 Linn Energy LLC has agreed to sell all of its oil and gas properties and related midstream assets in the western Anadarko basin for $1.95 billion t...

Barton introduces bill to remove US crude export limits

12/11/2014

US Rep. Joe Barton (R-Tex.) introduced legislation that would remove US crude oil export limits that have been in place for nearly 40 years.

Study improves subsea pipeline preheating

12/01/2014 A higher flow rate at lower temperatures can more effectively preheat subsea crude oil pipelines than currently used techniques. This article found...

US crude exports debate prompts a fresh look at the Jones Act

12/01/2014 The Jones Act, which requires that maritime transportation of goods between domestic ports take place on US-flagged vessels, is becoming more promi...

Legislative vote delays St. Croix refinery sale

12/01/2014 The Senate of the 30th Legislature of the US Virgin Islands has voted unanimously to send back a proposed agreement that would provide for the rest...

PAA, EPP to expand Eagle Ford pipeline, build terminal

11/04/2014 Plains All American Pipeline LP (PAA) and Enterprise Products Partners LP (EPP) are constructing a condensate gathering system into their Three Riv...

Pipeline, CNG top Cyprus gas export options

11/03/2014 Pipeline and CNG are the best options for exporting natural gas production from Cyprus to relatively close markets in terms of both initial cost an...

BOEM to prepare EIS for potential Cook Inlet lease sale

11/03/2014 The US Bureau of Ocean Energy Management plans to prepare an environmental impact statement for a possible oil and gas lease sale in Cook Inlet off...

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected