Global awarded pipelay contract

Feb. 27, 2006

Global Industries subsidiary Global Offshore Mexico S. de R.L. de C.V. has been awarded a contract with PEMEX E&P for installation of four pipelines as part of the Ku-G portion of the Ku-Maloob-Zaap development in the Bay of Campeche.

Offshore staff

(Mexico) - Global Industries subsidiary Global Offshore Mexico S. de R.L. de C.V. has been awarded a contract with PEMEX E&P for installation of four pipelines as part of the Ku-G portion of the Ku-Maloob-Zaap development in the Bay of Campeche.

The $260 million contract calls for the procurement, installation, tie-in and commissioning of three 30-in. pipelines and one 24-in. pipeline in approximately 295 ft of water in the Ku field.

The company has nominated itsDLB Iroquois and DLB Shawnee for pipelay beginning in May 2006 with completion expected by year-end.

02/27/06