Cal Dive International Reports No Significant Damage from Katrina

Cal Dive International says that preliminary reports revealed no significant damage from Hurricane Katrina to its Marine Contracting assets and offshore production facilities. With respect to oil and gas production, virtually all wells were shut-in during the hurricane and certain wells remain shut-in while pipeline and refinery owners complete their inspections.

Martin Ferron, President, stated, "Our top priority was to ensure the safety of everyone aboard our production facilities, vessels and shore base facilities, and we're grateful that our personnel were able to secure and safely evacuate. We remain deeply concerned for the well-being of our off duty personnel and for the families and friends of our co-workers adversely affected by the hurricane."