Horizon Wins Cameron Highway Oil Pipeline System Contract

Horizon Offshore's subsidiary Horizon Offshore Contractors, Inc. has been awarded a contract by a subsidiary of El Paso Energy Partners to install 83 miles of 24-inch oil pipeline as part of the Cameron Highway Oil Pipeline System. The Cameron Highway Oil Pipeline System will deliver up to 500,000 barrels of oil per day from the southern Green Canyon and western Gulf of Mexico areas to Port Arthur and Texas City, Texas. Horizon will utilize the pipelay barge Lone Star Horizon, bury barge Canyon Horizon, and lay/bury barge Pecos Horizon for this project, which will be installed in water depths ranging from 15 to 65 feet. The Cameron Highway project is expected to commence during the third quarter of 2003.

"The award of the shallow shelf sections of Cameron Highway further demonstrates our ability to capture and perform projects of this magnitude and scope. Our people and equipment are ideally suited to execute these projects," stated Horizon CEO Bill J. Lam. "We are extremely pleased to be awarded this project."