Valco Orders Jackets and Topsides for Gabon Project

Gulf Island Fabrication, Inc., announced today that, through its subsidiary Gulf Island, L.L.C., it has signed a contract for the fabrication of (2) 4-pile jackets and associated topsides with Vaalco Energy, Inc.

The platforms will be destined for Gabon, West Africa. Terms of the contract remain undisclosed.

The company said that revenue and man-hour backlog related to this project will be included in the Company’s consolidated backlog when the Company announces its earnings results for the year ended December 31, 2012.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. These structures include jackets and deck sections of fixed production platforms; hull and/or deck sections of floating production platforms (such as tension leg platforms (“TLPs”), “SPARs”, “FPSOs” and “MinDOCs”), piles, wellhead protectors, subsea templates and various production, compressor and utility modules, offshore living quarters, towboats, liftboats, tanks and barges.

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Press Release, February 26, 2013