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Bluewater Industries News

30 Jun 2011

Gulf Island Fabrication, Inc. Contracts on 3 New Projects

Gulf Island Fabrication, Inc. GIFI +1.89%announced, that through its subsidiary Gulf Island, LLC, it has signed contracts for the fabrication of three new projects totaling $125mn and approximately 1.2 million man-hours which will be included in the company's consolidated backlog when the company announces its earnings results for the second quarter ended June 30, 2011. The three contracts are for: -- A 320 feet long by 160 feet wide dry dock awarded by the Terrebonne Port Commission for the LaShip project. -- A 6,200 ton Process Module for ATP Oil & Gas Corporation's Cheviot project managed through Bluewater Industries. -- A 7,000 ton topsides for Williams Partners' proprietary floating-production system, Gulfstar FPS(TM).

03 Jan 2011

Dockwise $30M in Heavy Marine Transport Contracts

Dockwise has signed a contract for $25m, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract - already included in the Q3 backlog as a Letter of Intent (LOI) - will be executed on the new T-0 vessel. Another LOI published earlier this year, for the transportation of the topside for ATP's Cheviot from the fabrication yard in China to Europe and the associated float-over, was also converted into a firm contract with Bluewater Industries for a total contract value of approximately $40m. The transportation of the hull for ATP Cheviot was already awarded to Dockwise by Bluewater Industries as a separate contract in an earlier stage. In addition Dockwise Ltd.

14 Aug 2007

Technip Awarded Contract from Bluewater Industries

Technip has been awarded a contract by Bluewater Industries, Inc. for the flowlines, risers, jumpers and subsea structures for the Mirage field development, in the Gulf of Mexico. This field is located in Mississippi Canyon Block 941, at a water depth of 4,050 feet. ATP Oil & Gas Corporation (NASDAQ: ATPG) is 100% owner and operator of Mirage and Bluewater Industries is managing the project. The contract covers engineering for the installation, welding and installation of two steel catenary risers and two oil and gas export flowlines (31 and 52km long), fabrication and installation of subsea structures and jumpers, and pre-commissioning. Technip's operations and engineering center in Houston (Texas) will execute this contract.