IMODCO Receives $6-Million Contract From Argentine Firm
Yacimientos Petroliferos Fiscales (YPF), the Argentina stateowned oil company, has awarded IMODCO, a unit of AMCA International Corporation, a contract in excess of $6 million for two offshore marine terminal systems to augment two other IMODCOdesigned and constructed SPMs in operation since the early 1970s. One mooring terminal will be for installation 2.8 miles offshore Caleta Cordova (Chubut Province) in 89 feet of water some 30 miles north of Comodoro Rivadavia, an area of large oil reserves. The second SPM will be designated a replacement buoy and interchangeable with Caleta Cordova and the older offshore terminals.
One of these has been in oper- ation offshore Caleta Olivia since 1974, and the other — offshore Puerto Rosales — has been in use since 1970.
The two new terminals will have two-grade Multiple Product Distribution Units—one for crude oil and the other for tanker deballasting. Each will have two rotating mooring arms. Designed to provide secure mooring for 50,000-60,000-dwt tankers, they will be able to withstand a maximum wave height of 19.6 feet, wind velocity of 50 knots, surface current of 3 knots, and a 20-foot tide.
The Caleta Cordova SPM is scheduled for delivery by next July, with the spare the following September.
The new contracts reflect growing Argentina oil production. The Argentine is reported to be 85- percent self-sufficient, and is expected to become a net exporter of oil within three years.