[Federal Register Volume 64, Number 105 (Wednesday, June 2, 1999)]
[Notices]
[Page 29669]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13275]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF JUSTICE
Antitrust Division
Notice Pursuant to the National Cooperative Research and
Production Act of 1993--DeepVision L.L.C.
Notice is hereby given that, on March 12, 1999, pursuant to Section
6(a) of the National Cooperative Research and Production Act of 1993,
15 U.S.C. 4301 et seq. (``the Act''), Baker Hughes DeepVision Holdings,
Incorporated has filed written notification simulataneously with the
Attorney General and the Federal Trade Commission disclosing (1) the
identities of the parties and (2) the nature and objectives of the
venture. The notifications were filed for the purpose of invoking the
Act's provisions limiting the recovery of antitrust plaintiffs to
actual damages under specified circumstances. Pursuant to section 6(b)
of the Act, the identities of the parties are Baker Hughes DeepVision
Holdings, Inc., Houston, TX; Baker Hughes Oilfield Operations, Inc.,
Houston, TX; Transocean Offshore Inc., Houston, TX; and Transocean
Offshore D.V. Inc., Houston, TX. In addition, each of the following
companies, none of which has an equity or other ownership interest in
DeepVision L.L.C. (``DeepVision''), has agreed to fund a portion of the
costs required to determine the feasibility of, and to develop, certain
technology to be used in the services proposed to be offered by
DeepVision: Amoco Production Company, New Orleans, LA; Mobil Technology
Company, Dallas, TX; EEX Corporation, Houston, TX; and Chevron
Petroleum Company, Houston, TX (collectively, the Operator
participants). In return for such funding, the Operator Participants
will have preferential rights to contract with DeepVision for such
services, if such technology is developed and is determined to be
commercially feasible.
The nature and objectives of the venture are for the purpose of
marketing and selling services (and developing technology to provide
those services) for offshore oil and gas wells that have all of the
following elements: (1) The services are provided to offshore wells and
for offshore operations; (2) the services utilize reeled systems
technology that DeepVision has developed or acquired; and (3) the
services consist of services for one or more of the following
activities: (a) the drilling and/or completion of new subsea wellbores;
(b) the intervention and/or workover of existing subsea wellbores; or
the installation, maintenance and repairs of subsea oilfield facilities
associated with subsea wellbores. As used herein, ``subsea wellbores''
means offshore wellbores having a subsea wellhead at or near the sea
bottom. However, the scope of DeepVision's operations does not extend
to services provided by Transocean Offshore Inc.'s (and its
affiliates') existing fleet of conventional coiled tubing drillling
vessels and systems for semi-submersibles and offshore platforms, nor
to Baker Hughes Incorporated's (and its affiliates') coil tubing
services of the type corresponding to their existing services that
operate (a) Onshore, (b) through surface completions or (c) through
conventional subsea workover, drilling or production risers.
Constance K. Robinson,
Director of Operations, Antitrust Divison.
[FR Doc. 99-13275 Filed 6-1-99; 8:45 am]
BILLING CODE 4410-11-M
