Global Offshore Malaysia Sdn. Bhd., a unit of Global Industries Ltd., has signed a day-rate charter agreement with TL Offshore Sdn. Bhd. for the use of the pipelay bargesDLB 264 and DLB 332 as part of TLO's 2004- 2006 Malaysia work program. The DLB 264 and DLB 332 will work for Petronas Carigali, Sarawak Shell Berhad, and ExxonMobil Malaysia.

"TheDLB 264 and DLB 332 are well suited to this type of work in Malaysian waters," said William J. Doré, Global Industries chairman of the board and CEO. "The companies involved are familiar with the DLB 264's pipelay history as well as the vessel's 1,100-short-ton lift capability. In 2001, the barge set a company pipelay productivity record for 40-in. diameter pipelines for Brunei Shell's Ampa Fairley Rationalization Project. The DLB 264 recently completed installation of a 14-in. corrosion resistant alloy (CRA) pipeline for Sarawak Shell. Earlier this year, the DLB 332 successfully completed the KBR/Chevron Benchamas BPEP shutdown project in Thailand and Global was cited for the operation's safety and professionalism."

Global Industries provides pipeline construction, platform installation and removal, diving services, and other marine support to the oil and gas industry in the Gulf of Mexico, West Africa, Asia Pacific, the Mediterranean, Middle East/India, South America, and Mexico's Bay of Campeche.

6/28/2004