Cal Dive Wins Pemex Subsea Pipeline Installation Contract

Cal Dive International announced Monday it has been awarded a contract by Pemex Exploración y Producción for the installation of a 20-inch subsea pipeline located in the Abkatun Pol Chuc Field in 240 feet (73 meters) of water.

The contract is expected to generate total revenue of approximately $46 million and will utilize two of the Company's key assets. The offshore construction is expected to commence in the second quarter 2012.

"We are pleased to announce our second contract win in Mexico for 2012. Mexico is shaping up to be a very active market in 2012 as expected," Cal Dive President and Chief Executive Officer Quinn Hébert said. "So far, we have been awarded contracts in Mexico with aggregate expected revenue in 2012 of approximately $70 million compared to revenues generated from Mexico projects in 2011 of approximately $30 million."


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Petroleum / Facilities Engineering Specialist - Offshore
Expertise: Petroleum Engineering
Location: Houston, TX
Petroleum Engineer
Expertise: Petroleum Engineering
Location: Houston, TX
Reservoir Engineering (Oil / Gas Reservoir Management)
Expertise: Reservoir Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours