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Global Industries awarded US$100 million project in West Africa

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Global Industries has 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 24in pipeline offshore Nigeria.

The contract is valued at approximately US$100 million and mobilization is scheduled to begin this month.

Global will be utilizing its pipelay barge Cheyenne, assisted by a number of support vessels, to install the 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.”

http://www.oilpubs.com/oso/article.asp?v1=8189

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