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Global Industries awarded US$100 million project in West Africa

Posted on 03.02.2009 - 12:30 UTC in CONTRACT AWARDS by Rons_ROV_Links

Global Industries awarded US$100 million project in West AfricaGlobal Industries, Ltd. announced that its wholly owned subsidiaries, Global Pipelines Plus Nigeria, Ltd. and Global Offshore International, Ltd. have entered into a contract with a West African client to provide the transportation, installation and related services associated with the replacement and repair of a 24-inch pipeline offshore Nigeria.

The contract is valued at approximately $100 million and mobilization is scheduled to begin in January 2009.

Global will be utilizing its pipelay barge Cheyenne, assisted by a number of support vessels, to install the 24-inch replacement pipeline.

John Clerico, Global's Chairman and Chief Executive Officer, stated: "We expect the award of this 2009 project to be the first step in our return to profitability in this region."
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