Gulf Marine to deliver MinDOC 3

Oct. 4, 2006
Gulf Island Fabrication subsidiary Gulf Marine Fabricators has received a formal LOI from Bluewater Industries, through ATP Oil & Gas, to fabricate and load-out a MinDOC 3 hull.

Offshore staff

HOUMA, Louisiana -- Gulf Island Fabrication subsidiary Gulf Marine Fabricators has received a formal LOI from Bluewater Industries, through ATP Oil & Gas, to fabricate and load-out a MinDOC 3 hull. Contract terms are still under negotiation.

The MinDOC is based on a deepwater floating, drilling and production concept. The fabrication, assembly and load-out of the hull will be performed at Gulf Marine's facility in south Texas. Work is expected to begin in 1Q07, with delivery anticipated in 2Q08.

10/4/06