Cal Dive wins Gulf of Mexico salvage contract

Cal Dive International has been awarded a $35-million contract for salvage preparation and platform salvaging work for hurricane-damaged structures in the Gulf of Mexico.

Offshore staff

HOUSTON -- Cal Dive International has been awarded a $35-million contract for salvage preparation and platform salvaging work for hurricane-damaged structures in the Gulf of Mexico. The contract is expected to begin in March 2008, and will use the Kestrel, derrick barge Atlantic, and a portable saturation diving system.

The company is also re-deploying theMystic Viking, a dynamically-positioned saturation dive support vessel, to Trinidad for a multiple phase pipeline tie-in project. The vessel will install mats, conduct pigging and hydrostatic testing, and complete all pipeline tie-ins under a $33-million contract.

Meanwhile, Cal Dive has installed one of its portable saturation diving systems on theTexas, a dynamically-positioned multi-service vessel. The vessel has completed the Northeast Gateway project off the coast of Boston and is currently in transit to the Mediterranean with prospective work beginning in February 2008.

"We are pleased to announce these contract awards so soon after the closing of our acquisition of Horizon Offshore as they illustrate our ability to offer our customers an integrated solution and our commitment to expanding our international operations," says Quinn J. Hebert, president and CEO of Cal Dive. "We look forward to continuing to execute on these strategies."

01/22/2008

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