Pemex contracts Cal Dive for subsea pipeline installation

Offshore staff

HOUSTON – Pemex Exploración y Producción has contracted Cal Dive International Inc. (NYSE:DVR) for the installation of a 20-in subsea pipeline in 73 m water depth. The $46-million contract is for work in Abkatun Pol Chuc field and is expected to begin in 2Q 2012.

“We are pleased to announce our second contract win in Mexico for 2012,” said Quinn Hébert. “Mexico is shaping up to be a very active market in 2012 as expected. So far we have been awarded contracts in Mexico with aggregate expected revenue in 2012 of approximately $70 million compared to revenues generated from Mexico projects in 2011 of approximately $30 million.”

3/06/2012

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