Global Industries to build new vessel

July 24, 2007
Global Industries Ltd. has approved construction of a $240-million dynamically positioned combination derrick/pipelay vessel.

Offshore staff

CARLYSS, Louisiana -- Global Industries Ltd. has approved construction of a $240-million dynamically positioned combination derrick/pipelay vessel.

The vessel,Global 1200, is a next-generation multi-purpose vessel designed to work in deep or shallow water, with a high bollard pull allowing for pipelay without the need for supplemental tugs.

TheGlobal 1200 will be 162.3 m (532.5 ft) long. In addition to the state-of-the-art pipelay system capable of operating in water depths to 3,000 m (10,000 ft) and handling up to 60-in. (152.4 cm) concrete coated pipe, the vessel incorporates a 1,200-metric-ton (1,323-ton) capacity crane and a deepwater lowering system capable of operating to depths of 3,000 m (10,000 ft). The DP-2 classed vessel will be able to transit at speeds up to 15 knots.

Most of the long lead owner furnished equipment such as the derrick crane, power generation, controls, DP equipment, and pipelay mission equipment have been committed, with deliverables to the shipyard beginning in 4Q 2007, the company says.

"This next generation vessel, which we anticipate to be operational in April 2010, represents Global's strong commitment to growth and to expanding our high-quality fleet to meet the needs of the market and our customers as we execute our business strategy of increasing our involvement in deepwater, SURF and EPIC projects," says B.K. Chin, chairman and CEO.

7/24/2007

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