Gulf Island fabricating Neptune topsides

Gulf Island Fabrication, Inc. says that its wholly owned subsidiary Gulf Island, L.L.C., has executed a contract with Atlantia Offshore Ltd. to fabricate the topsides for the Neptune platform.

Offshore staff

(US, GoM) - Gulf Island Fabrication, Inc. says that its wholly owned subsidiary Gulf Island, L.L.C., has executed a contract with Atlantia Offshore Ltd. to fabricate the topsides for the Neptune platform.

The Neptune field is a joint venture operated by BHP Billiton Petroleum with partners Marathon Oil Corp., Woodside Energy (USA) Inc., a subsidiary of Woodside Petroleum Ltd., and Maxus (US) Exploration, a subsidiary of Repsol YPF. The platform is slated for installation in approximately 4,300 ft of water.

Gulf Island began fabrication during the fourth quarter and expects to deliver the topsides in 2007. The company will use its existing facilities and labor in Houma, Louisiana to complete the project. Financial terms of the contract were not disclosed.

12/07/05

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