Gulf Island Fabrication Awarded Second MinDOC T3 Hull

Gulf Island Fabrication, Inc. has received, through Gulf Marine Fabricators, a letter of intent from Bluewater Industries, Inc., who has contracted with ATP Oil and Gas Corporation ("ATP"), for the second MinDOC T3 hull for ATP's Telemark Hub deepwater development project. The backlog referenced in Gulf Island Fabrication's earnings release dated April 23, 2008, includes the estimated contract value and associated man-hours for the second MinDOC T3 hull.