Mexico: Cal Dive Wins Pipeline Installation Contract from Pemex
Cal Dive International, Inc. 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.
Source:Cal Dive, February 22, 2011;