Gulf Island Fabrication and Bechtel to work together on offshore projects

Gulf Island Fabrication Inc. has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals Inc. to jointly pursue opportunities for offshore projects for the US Gulf of Mexico and elsewhere.

Offshore staff

HOUSTONGulf Island Fabrication Inc. (NASDAQ: GIFI) has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals Inc. to jointly pursue opportunities for offshore projects for the US Gulf of Mexico and elsewhere.

The agreement will combine Gulf Island’s fabrication experience, infrastructure, and skilled labor, along with Bechtel’s engineering, project management, and direct-hire construction capabilities.

“With the expansion of the demand for energy around the world, oil companies continue to expand and develop larger and more complex offshore projects, and will need reliable contractors to deliver them. The agreement between Bechtel and Gulf Island Fabrication creates a team that can deliver them successfully,” said Joe Gebara, general manager of Bechtel’s Offshore business. “Gulf Island’s record of fabricating some of the most challenging offshore structures makes the company a strong partner for Bechtel.”

07/25/2014

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