Bill Lam News

Ranger Offshore, Inc., a portfolio company of SunTx Capital Partners, add the 'DSV Lewek Toucan' to its fleet of vessels. The Lewek Toucan, built in 2006, is a 290’ DP-2 multipurpose offshore support vessel with a 120 ton active heave compensated crane, moon pool, helideck, 1,000 ton cargo deck, and accommodations for 100 personnel. It has arrived in Galveston, Texas, and will be outfitted with Ranger’s Hoss I 1,000’ DNV class 12-man saturation diving system with a self-launching hyperbaric rescue chamber.

Horizon Offshore, Inc. announced that it has been awarded PEMEX Contract for the construction of 24 km of 8" pipeline and associated platform piping from KIX-1 to Pump Platform PR-1. The lay barge, Lone Star Horizon, and diving support vessel, Pearl Horizon, will be utilized on the project. Construction is scheduled to begin late in the third quarter of 2002. "Our continued presence in Mexico has strengthened Horizon's position and enabled us to secure additional projects such as KIX. We have enjoyed our continuing relationship with PEMEX and are very excited about this award," said Bill Lam, President and CEO of Horizon Offshore.

Horizon Offshore, Inc. has entered into a letter of intent with Cal Dive International, Inc. (CDI) to conduct reeled pipelay projects in deepwater areas of the U.S. Gulf of Mexico. The two companies will jointly fund construction of pipelay equipment to be used in conjunction with CDI's dynamically positioned (DP) vessel, the Sea Sorceress, currently undergoing conversion. In addition, Horizon will construct a pipe spooling facility at its Port Arthur, Texas, shore base. Once finalized, the joint venture will allow the two companies to perform small diameter pipelay projects in water depths of 800 feet and deeper, combining Horizon's…

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.

Horizon Offshore, Inc., announced its achievement of two internationally recognized certifications. Norwegian classification society Det Norske Veritas (DNV) has certified Horizon's compliance with Occupational Health and Safety Assessment Series management system standard OHSAS 18001. The certification applies to Horizon operations worldwide. OHSAS 18001 is designed to minimize the risk of accidents and near-miss incidents that employees and other parties may encounter while participating in work-related activities. Horizon also received certification by DNV to international quality management system standard ISO 9001:2000 for its Houston-based support activities and Southeast Asia marine construction activities.

Horizon Offshore, Inc. in association with its Nigerian affiliate, Horizon Offshore (Nigeria) Ltd., has been awarded a portion of Chevron Nigeria Ltd.'s Escravos Offshore Pipeline and Structural Installation 2-year Program (with an option for an additional year). Works will begin in late December 2002 or early January 2003. Horizon's pipelay barge, the Brazos Horizon, mobilized from the Gulf of Mexico and has arrived in Nigerian waters. A Marine Support Base in Port Harcourt to support this contract, with its Nigerian main offices located in Lagos. Horizon is actively bidding other work throughout the West Africa region. In addition to its Nigerian organization, it maintains offices and representation in Luanda, Angola.

Horizon Offshore, Inc.’s subsidiary, Horizon Marine Construction, Ltd., has been awarded a contract by Brunei Shell Petroleum Company Sdn. Bhd (BSP) to perform several installations off the coast of Brunei, beginning the second quarter of 2003. Services provided by Horizon will include project management and installation of a four-pile jacket, drilling deck, two 880-ton compressor modules, and living quarters. In addition to the structural work, Horizon will provide the installation, tie-in, and gauging and testing of several pipelines ranging from 10 to 20 inches in diameter in various water depths including a beach approach. "Horizon is pleased to be awarded a contract of this magnitude in Asia and looks forward to developing a long-term relationship with BSP.