Cal Dive to Install Subsea Pipeline at Offshore Litoral Tabasco Field

Cal Dive has been awarded a contract by Pemex Exploración y Producción for the installation of 13.9 kilometers of 20 inch subsea pipeline located in the Litoral Tabasco Field in 30 meters of water. The offshore Litoral Tabasco Field is located in Southeastern Mexico in the southwestern part of the Campeche Sound.

The lump sum contract will generate total revenue of approximately $58 million and involve 114 total utilization days, utilizing two of the Company’s key assets, including a pipelay barge and a derrick barge.

The offshore construction is expected to commence in May 2009.