Cal Dive International, Inc. (NYSE:DVR) announced today that it has been
awarded a contract by Pemex Exploración y Producción for the
installation of a 20” inch subsea pipeline located in the Abkatun Field
in 24 meters of water. The lump sum contract will generate total revenue
of approximately $24 million and will utilize two of the Company’s key
assets. The offshore construction is expected to commence in May 2011.
Cal Dive International, Inc., headquartered in Houston, Texas, is a
marine contractor that provides an integrated offshore construction
solution to its customers, including manned diving, pipelay and pipe
burial, platform installation and platform salvage services to the
offshore oil and natural gas industry on the Gulf of Mexico OCS,
Northeastern U.S., Latin America, Southeast Asia, China, Australia, the
Middle East, India and the Mediterranean, with a fleet of 29 vessels,
including 19 surface and saturation diving support vessels and 10
construction barges.
