The work is expected to commence in May 2007 with completion expected by November 2007. The Company will utilize three of its vessels to perform this project: the Lone Star Horizon, Atlantic Horizon and Texas Horizon. The Company also stated that its current backlog is approximately $300 million.
Horizon and its subsidiaries provide marine construction services for the offshore oil and gas and energy industries. The Company's fleet is used to perform a wide range of marine construction activities, including installation and repair of marine pipelines to transport oil and gas and other sub sea production systems, and the installation and abandonment of production platforms.
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