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Horizon Offshore says that Pemex Exploracion y Produccion
(Pemex) has issued a letter of award to its subsidiaries,
HOC Offshore S. de R.L. de C.V. and Horizon Offshore Contractors,
Inc. for the Package 'J' pipelines of the KU-MALOOB-ZAAP
project offshore Mexico. The contract calls for the installation,
tie-in and associated commissioning of five pipelines under
the KU-MALOOB-ZAAP project in the Bay of Campeche. Horizon
will utilize its lay barge Lone Star Horizon and a DP2 vessel
to perform the project. Engineering and procurement of the
20" and 24" diameter line pipe will begin in February 2006
with construction scheduled to begin in May 2006. In addition
to this award, the Company has recently received a change
order on its current contract with Pemex that was awarded
in June 2005 under the KU-MALOOB-ZAAP project.
David Sharp, President and CEO of Horizon Offshore, Inc.
stated, "We believe that there will continue to be excellent
opportunities offshore Mexico. The award of this contract,
as well as the significant change order for our current
project with Pemex, reflects the confidence they have in
our project execution. Working for Pemex is a key part of
our business plan. This award brings our current backlog
to over $315 million."