FGH Announces $10 Million in New Contracts

Tuesday, December 11, 2001
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts totaling over $10 million with several customers in the international offshore oil and gas sector.

Dick Juelich, AmClyde President, stated: "We are pleased to receive these contracts for assisting with capacity upgrades and modifications to existing AmClyde heavy-lift marine cranes, as well as several other recent contracts." AmClyde will provide engineering and services to Saipem (ENI Group) of Italy as they relocate a 2,400-ton AmClyde crane to a new vessel. AmClyde also has a contract from Horizon Offshore Contractors to upgrade the lifting capacity on their existing AmClyde Model 52 marine crane by more than 50 percent.

AmClyde is the preeminent designer/builder of the world's largest marine cranes. In other developments, AmClyde was awarded a contract from CNOOC (China National Offshore Oil Corporation) to provide aftermarket support services for their new 3,800-ton AmClyde marine crane. The company will seek court approval to perform on the CNOOC aftermarket services contract. AmClyde-Norson Engineering, the company's pipelay and cable lay equipment specialist of Glasgow, Scotland, received a contract from AIOC (Azerbaijan International Operating Company) to provide a template leveling system.

Anil Raj, Chief Operating Officer of Friede Goldman Halter, stated: "As the company undergoes restructuring, these orders provide a further boost to the backlog of our Engineered Products Group. The continuing addition of backlog is testimony to the quality of the products and services of this group, the confidence of its customers and the dedication and perseverance of the management and staff of this group.

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