Global Industries to Relocate Pipelay Barge Hercules to West Africa

Global Industries, Ltd. announces that it's dynamically positioned, deepwater combination derrick/pipelay barge Hercules, is relocating from Asia Pacific to West Africa. The vessel recently mobilized from Global's Batam, Indonesia base and is scheduled to arrive in West Africa in mid-November. The Hercules is notable in the industry for its extraordinary versatility for performing diverse projects in deepwater, intermediate and relatively shallow water depths. The vessel is able to install various size pipelines in depths to 10,000 ft. (3,000 m) and trunklines up to 60 inches in diameter. The vessel is capable of installing pipelines utilizing conventional or reeled methods of pipelay. The Hercules is also equipped with a 2000-ton (1,800 MT) capacity derrick crane for installation of large subsea components, conventional platforms and large modules.

Global made the strategic decision to mobilize the Hercules to West Africa, one of the world's most active deepwater markets, to market it for heavy lift and pipelay projects for 2007 and beyond. Shortly after arrival, the vessel will be used to install platforms and pipelines offshore Angola and will become available for other projects after the first of the year.