Midnight Wrangler Wins Two Gulf of Mexico Contracts

Torch Offshore has two upcoming projects for the Midnight Wrangler with total revenues approximated at $4.3 million. The Midnight Wrangler, a 341-foot DP-2 deepwater pipelay and subsea construction vessel, has been utilized by the Company in various types of construction projects, including deepwater pipelay, and has the capabilities to work in water depths up to 8,000 feet.

The Midnight Wrangler has been contracted to install post lay mattresses at 49 pipeline crossings at 33 locations in the Gulf of Mexico as part of the Cameron Highway Oil Pipeline System. The vessel will install these mattresses in water depths ranging from 207 feet to 485 feet in the area from Ship Shoal 332 to Garden Banks 72 and from Garden Banks 72 to High Island A5. The job is expected to generate approximately 30 days of utilization for the vessel.

In addition, the vessel has been contracted to perform a deepwater pipelay job. The Midnight Wrangler will install 55,000 feet of flowlines and umbilicals in water depths ranging from 780 feet to 1,900 feet at Ewing Banks. In addition, the Midnight Hunter will provide support on the job by installing the I-tube and performing the riser tie-in.

Lyle G. Stockstill, Torch Offshore, Inc. Chairman and Chief Executive Officer, commented, "The Midnight Wrangler continues to show its flexibility to work in all water depths in a variety of different manners. The vessel has received a lot of attention from the industry and should continue to be a solid part of our fleet utilization base. The combination of the mattress job and the deepwater pipelay job, in addition to other work, will keep the vessel highly utilized in the coming months."