Horizon Offshore Announces Award of Southeast Asia Award

Tuesday, September 10, 2002
Horizon Offshore, Inc. announced that P. T. Gunanusa Utama Fabricators of Indonesia recently awarded its subsidiary, P. T. Horizon Offshore Indonesia, a subcontract to perform offshore construction services in connection with a project for TotalFinaElf in Southeast Asia. Services provided by P. T. Horizon Offshore Indonesia will include project management, pre- and post-lay surveys and the installation and burial of a twenty-inch pipeline offshore Balikpapan, Indonesia. The combination derrick-lay barge Sea Horizon will perform all aspects of the installation, including the burial. Bill Lam, President and Chief Executive Officer of Horizon Offshore, Inc. said, "We are very pleased with this award and are excited at the continued confidence shown by our clients in Southeast Asia as this market develops. We remain confident that we will further expand into this market and see numerous opportunities to demonstrate our capabilities and our commitment to provide a quality product for our clients."

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