Global Industries lands US$ 70 million 6 month project in Brazil

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CARLYSS, La. -- Global Industries announced today that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins.

The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months.

John Clerico, Global's Chairman and Chief Executive Officer, said: "The project is in line with our long term view and growth strategy in Brazil, as well as our commitment to deliver integrated solutions and quality services to Petrobras."

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